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What is DUE DILIGENCE | Meaning DUE DILIGENCE | DUE DILIGENCE checklist | DUE DILIGENCE explained - YouTube
Channel: Shaf Rasul
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hi and welcome back to speak like chef
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you know the deal this is where I help
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you understand all that puzzling
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business jargon and along the way teach
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you a thing or two about becoming an
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entrepreneur today I'm going to talk to
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you about something really important and
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business speak this is often abbreviated
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to dee dee we are of course talking
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about due diligence but first I'm going
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to call on a friend of mine to help me
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explain to you what due diligence says
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here's grab the rock star he left in the
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Stone Age
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and was the world's original
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entrepreneur that's right the very first
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entrepreneur you see he came up with a
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business idea to make and provide tools
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to hunters to help them and catch that
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play his business soon took off and Rob
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did really well he had employees and
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ended up having to move to Beca premises
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a burger cave Tacoma D is growing
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company after many many years Rob was
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considering retiring and selling his
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business to a rival Pete pebble
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potential buyer Pete investigated Rob's
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business he looked at how his run find
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out how much Rob charge customers what
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he reinvested his profits and F Rob had
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kept Retton accounts instead of Scrolls
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in the key hall Pete would have looked
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at least two essentially Pete completed
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due diligence on Rob's business before a
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deal was concluded as an aside Rob
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decided not to retire he didn't like the
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cut of piece loin cloth and refused to
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sell him
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and the end Rob's daughters border and
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purity took over the business so our
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friend Rob can have success at planning
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to his list of entrepreneurial
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achievements and this day and age due
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diligence has an investigation or
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exercise of care that a business or
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person is expected to take before
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entering into an agreement or contract
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with another party as aim is to identify
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any potential problems on unexpected
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liabilities it's used when entering into
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a partnership or a major contract a good
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example
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Samarra - Pete pebble is when someone a
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valley is a business or company with a
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view to buying it
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due diligence means that any bed has
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informed the risks costs and benefits
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have all been looked at and considered
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and the price offered will reflect that
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one thing that businesspeople and even
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more importantly investors don't like a
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surprise and due diligence and feeli
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place them make informed decisions and
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avoid any nasty shocks at the end of the
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transaction buyers get exactly what they
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are paying for the trouble with this
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process is that it can take forever
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everyone wants a piece of the action
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brokers lawyers accountants can all get
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involved and you can bet your bottom
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dollar that they all want different
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pieces of information which can
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sometimes prove tricky and
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time-consuming for the Seraph to source
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as a general rule buyers will want to
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look at records accounts assess
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operations competitors and market
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comparisons and an analysis of
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intellectual property race due diligence
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is one of the most important things you
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can do before signing on the dotted line
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we do it constantly and even if we find
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something whirring it doesn't always
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mean the deal will be off
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we simply consider changing the terms of
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the deal now that you know what it means
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don't forget to do in your business life
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let me know what you think like comment
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and remember to subscribe to my You Tube
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channel
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