As an experienced investment banker and corporate financial analyst, BilalBasrai must be capable of conducting due diligence for any transaction he is involved in. Failure to do so can lead to the inability to take risks into account, resulting in a number of issues for his clients. If this is an area where you struggle, keep the following pointers in mind to ensure you conduct better due diligence.
The conducting of due diligence has gained an unfair reputation in some quarters as being a sneaky practice. This is not the case, as it is vital that you understand everything about a company before a transaction. To avoid such accusations, try to be as transparent as possible with the company you are conducting due diligence on and consider hiring legal aid to help with the process.
Observation Is Not The Be All And End All
While first-hand observation of a company will certainly prove helpful in your due diligence, you must also understand that your efforts should extend beyond this. Remember that people are more likely to perform to higher standards if they know they are being observed, so back your observations up with the key data relating to the company.
Make Your Own Decisions
Your business contacts may be able to offer some advice in relation to the character of a person you are conducting due diligence on. However, you should not take this advice as gospel. Doing so may mean that you essentially allow others to make your decisions for you.
BilalBasrai offers clients a boutique of services from his base in Chicago.