What is Due Diligence and How to Do It

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The investigation you know will likely FAIL!
This week, I answer a question about how to do due diligence when buying a small business.
I answer, then tell you why it likely won’t be a success and what smart buyers do about that.
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[@christopherresmini8254]

Good overview, thank you for explaining this. I always get nervous when approaching this step.

[@DavidCBarnett]

Glad it was helpful!

[@crackurbak]

incredible stuff David, thank you

[@DavidCBarnett]

Glad you enjoyed it

[@palmtemple]

Excellent video Very clear, appreciate your effort.

[@DavidCBarnett]

So nice of you

[@DinnoProductions-iy3ve]

thanks for the channel

[@DavidCBarnett]

No worries!

[@dolce4543]

I'm curious where to find aquisition contract templates. Do you offer this within your courses? Are there places online i can use as a resource for drafting a contract to my industry needs? I truly appreciate the value you're putting into your content!

[@DavidCBarnett]

There is an 'offer to purchase' form within Business Buyer Advantage. I would not suggest you try to do the definitive purchase agreements. You really should get legal help. Watch this video: kzbin.info/www/bejne/rXPVoHeQe7SSmas

[@businessmoneyNi]

She did not share about how she did the due deligence and does she engages lawyer and accountant.

[@seanlee2278]

Great video!

[@DavidCBarnett]

Thanks Sean

[@minchang6028]

How would you tackle a due diligence when the business is 40% cash (renovations) and has a terrible financial documents? + left a voicemail x2 + sent 2 emails to book a consulting call but no response :(

[@DavidCBarnett]

Sorry you didn't get in touch with us. Consulting calls can be booked at www.CallDavidBarnett.com In this situation, you need protection via the deal structure as it's going to be tough to verify all the cash activity.