Before buying a business, how do you go about with due diligence of its market and disruptive changes happening or about to happen in that space?
What softwares are easing this process for you? How much do you end up paying for them each year?
Due Diligence
by a professional from University of San Francisco
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1) You can hire a market research firm to perform industry due diligence. This will give you a good lay of the land but it certainly won't give you too much visibility into the future. Similar to reading IBIS reports and such.
2) You can interview employees and clients during the due diligence process. Can do it yourself or hire someone to do this for you who has this experience. This could give you insights into the sector.
3) You can use expert networks to speak with SMEs who have deep experience in a sector or industry. Depending on the quality of the expert, you can get some excellent insights about industry dynamics.
Those are some of the requests that we see.