Is Yelp hurting small businesses? "The challenge is, of course, for small businesses or medium sized businesses the Yelp process has come under a lot of scrutiny." Listen in to find out the hidden risk behind peer ranked sites. Show Notes Welcome to the In The Clear Podcast. I'm your host Justin Recla along with my gorgeous wife Tonya Dawn Recla. Hello everyone! So this week we're taking on a giant. This week we are looking at Yelp. Just call us David! Yelp and the hidden risk behind peer ranked sites. Maybe I'm going to explain my comment. So, you are talking about taking on a giant; which then my mind went to Goliath; which then that led me to David and then I envisioned the rock and a slingshot. So, that's where that one was going folks, but make no mistake about it you [...]
Due diligence process for mergers and acquisitions is crucial. Show Notes Welcome to the In The Clear broadcast I'm your host Justin Recla along with my business partner and wife Tonya Dawn Recla. Hello everyone! So this week we're talking about due diligence process for mergers and acquisitions. Such a great topic. We will get into this all the time with folks who really think that they're doing solid due diligence. Attorneys in particular for their clients and making sure that you know they've got all the business information and that the financials have been passed on to any CFOs or CPA is involved. Inevitably when I ask them “So who's looking at the people involved in the business?” they get kind of sheepish you know like, one guy here lately even said to me “You know if I'm totally honest we do a very cursory [...]
Listen in as we discuss the success steps for hiring business. Before you get involved with anyone, if it's going to cost you time or money, make sure your business is In The CLEAR.
We take a look at when companies do a background check. Listen in as we discuss the tools you can use to save your company time and money.
This week we explore the reason why small businesses are hiring other businesses. For small business owners, hiring an employee can be a huge burden and risk. But is hiring another business to assist your business even more riskier? Listen to find out.
Small business owners and entrepreneurs alike always ask how they can do a company information search. This goes way beyond yelp and the yellow pages. If you truly want to mitigate your risk you have to go further. Listen in as we give you the tools you can use to mitigate your risk.
When we started off in this world, coming out of government, we saw that there really was no process for vetting businesses. What’s interesting is that all of us are trained to expect some sort of screening process or due diligence process when it comes to employment. That’s a given. You fill out the application, you know they will check references (or they should, of course). Maybe it’s not the best system. What we didn’t see was a system for how to look into businesses before hiring them. You go to a business’s website; if they have one, they must be a legitimate company. Maybe you pick up the phone to call somebody, and you’ll hire them for something you need. That doesn’t always work. It’s a throwback to the good old days. We had the Yellow Pages or the Mom and Pop shops. With the advent of the [...]
The idea of a business credit check is a confusing topic to most people. It’s not a well-known idea in all honesty. The quick answer is “it depends”. It depends on why you’re doing due diligence. Let’s say you’re doing it in the realm of business, obviously. But it depends on what the deal is. If you’re looking to bring on somebody to do a website for you and you’re just outsourcing the service, a business credit check is pretty insignificant in that decision-making process. You need to know if they can build the website that you need them to build. That doesn’t have anything to do with a credit check. So here are three points to help you make a decision if you should do a business credit check: 1. Identify the situation Let’s say you do have a situation where it is applicable, such as a merger acquisition. [...]
There are four big secrets background check companies don’t want you to know. 1. They are not magical. Background check companies pull from public records, and those public records depend on databases. If the database is not up to date because an individual hasn’t lived in an address for a certain period of time, that information is not going to show up. 2. Overemphasizing importance of Criminal Checks Criminal Check One of the things background checks look are criminal records. The problem with doing a background check solely for criminal records is that criminal records are only good if the person has been caught. More importantly, not every single state reports up to a national criminal database. Colorado, for example, is one of those states and does not report to the national database. Local agencies within certain states don’t even report up to the state level. As such you would [...]