When a successful business owner talks about the importance of due diligence in any negotiation... it is worth listening.


First published in July 2019.


It’s time politicians stopped tiptoeing around this narrative of accepting or not accepting the referendum. People change their minds every day of the week every second of the day because new information comes to light.

Contracts have cooling off periods attached to them.

Take property. People drop property purchases for lots of reasons – the survey is crap or they get made redundant and can’t afford it. Due diligence makes us assess if we really want or need this before we hand the cash over.

Business investments are often not completed because the due diligence throws up a myriad of reasons why what seemed beneficial will be a disaster. Ask Dragons’ Den.

In fact, the Royal Bank of Scotland embroiled itself in a huge web of nearly existential problems by not doing proper due diligence and pressing on with a deal regardless.

Every important decision, and some not so important, is usually, if we are sensible, accompanied by due diligence in some form to make sure we are doing the right thing and very often we change our minds.

The 2016 EU referendum was an offer by the Leave architects. 52% of voters were persuaded by what ever meant to go. With that, but now having done the due diligence, having discovered the big holes in the Leave accounts and the non-existent assets and the flawed prospectus, the right thing for MPs to do is to point that out loudly and clearly to the public, and if necessary ask them, not again, but with a different question.

This is what Leave means, these are the flaws and the holes. Is this what you want, or do you want to change your mind and Remain in the European Union?

It is not about accepting or not accepting the referendum, it is about taking note of the due diligence, considering it carefully and thinking again. MPs of all persuasions should be looking at this before signing off the accounts because one day their voters whose lives will have been blighted by the broken promises of Leave will ask them why they didn’t have the guts to look them in the eye and tell them the truth before it was too late!

Get some backbone and tell us the truth.🔷



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[This piece was first published as a Twitter thread and turned into the above article on 22 July 2019, with the author’s consent, with the purpose of reaching a larger audience. It has been minorly edited and corrected. | The author of the tweets writes in a personal capacity.]

(Cover: Pixabay.)



     

THE AUTHOR

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Run a small business. Brexit is disastrous. Freedom of Movement is a good thing. Xenophobia is a bad thing and that’s that.

Chester and Paphos. Articles in PMP Magazine Website