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.
Be
Transparent
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.
