Do you know who you’re doing business with? I’ve seen a number of cases where business owners get into difficulty down the track when they haven’t properly verified the individuals and businesses they are transacting with. As a small business owner, this step is absolutely vital.
In this episode, I discuss the importance of verifying the business that you’re building a relationship with. I talk about what this means and why it is critical for small businesses. I discuss verifying individuals, larger organisations and companies, how these vary and why you need to do it properly from the outset.
I also discuss the legal implications of what might happen if trouble occurs and your verification hasn’t been done correctly.
As always, prevention is better than cure.
LINKS:
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