Manage episode 295494891 series 2582140
Due Diligence is more than being able to check off boxes when doing research to purchase a business, as there are varying levels to what should be confirmed about the business in question.
In this Minority Business Access, Solomon RC Ali does his due diligence to share how deeply one should research before taking the plunge to purchase a business or invest in it. To master how the money “moves” within a business, Solomon RC Ali suggests researching three years’ worth of the business’s historical numbers, among other strategies. He stresses that having the right sized team factors into due diligence being completed within a reasonable timeframe, and how the various mindsets of a diverse team help to drill down details. When it comes to mergers and acquisitions, it is important to know what you know, so just do your research.