Permanent Podcast: Real Talk About Private Equity and Buying, Selling, and Operating Small Businesses
How to Do Diligence Confidently (Ep. 5)
Sep 14, 2023
Learn how to confidently navigate the diligence process when buying or selling small businesses. Discover the comprehensive diligence checklist, the importance of building a diligent team, and the tools available to help you feel confident during the process.
09:21
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Quick takeaways
- Understanding the importance of diligence literacy and utilizing available resources to confidently navigate the diligence process.
- Building a strong diligence team by evaluating professionals and creating a cohesive team that can confidently navigate the diligence process.
Deep dives
Navigating the Diligence Process
For small businesses, the diligence process can be challenging because most sellers and their teams only experience it once. It's difficult to assess whether the right questions are being asked and what is appropriate or inappropriate. This makes it crucial for sellers to understand what is reasonable and how to respond. The podcast episode emphasizes the need for diligence literacy and offers resources to help sellers navigate the process with confidence. They provide a breakdown of purpose, process, posture, and pain points, offering a summary and deeper content. Additionally, they have created a diligence checklist page with 181 questions divided into four sections, each accompanied by context and examples.
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