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223. How to Approach Due Diligence (it’s not about the red flags)
sinclair | April 11, 2023
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In this Episode, I present a layered approach to help anyone think about due diligence. Due diligence is a process that is typically used in business or legal contexts to evaluate and investigate a particular situation, opportunity, or risk.
Many people think of due diligence as an exercise in finding what’s wrong with a deal so they can reject it. They are searching for red flags.
Instead, think of due diligence as a process of evaluating whether a deal makes sense for you, assuming everything you’re told is true. Next, work to identify, quantify and mitigate risks. That should be the end product of a due diligence process.
Also, in this episode, I address some questions sent to me about the due diligence process.