Listen in as Clear Directory Founder Justin Recla tackles the very popular and misunderstood business question: What is Due Diligence? Welcome to the In the Clear podcast, I'm your host, Justin Recla and today I'm gonna tackle a question that we get quite often, and that is, "What is due diligence?" Now for most people to understand, due diligence in the business world means that your lawyers looked over the contract, your CPAs looked over the financials. But really, at the core of due diligence, it really applies across the board in everything that you do And it really just means to fully examine something, to make sure you really understand what's going on, regardless of the situation. Now in the business world, it used to be the just the contracts and the financials. But unfortunately, because of the advent of the Internet, anybody and everybody [...]
Due Diligence: Conspiracy Theory vs. Corporate Counterintelligence Let’s face it who doesn’t love a good conspiracy theory? There can be a ton of fun in speculating the who-done-it. However, conspiracy theory can quickly become an emotional roller coaster, especially when a theory assumes that some underlying force is out to get us (or a client). While conspiracy theory can be fun and entertaining, conspiracy theory really has no place in the business world. Conspiracy Theory This by definition is “a belief that some covert but influential organization or person is responsible for a circumstance or event.” So how does this even enter into the realm of due diligence and business? Simple, often times we come across people who feel they have some understanding of what corporate counterintelligence is and because of the movies, or some misguided understanding, they automatically equate anything “bad” that happens in any business setting as [...]
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 [...]
Peer review sites put your business at risk. Do you know how? Listen in as we discuss the pros and cons of peer review sites. Show Notes Welcome to the In The Clear podcast I'm your host Justin Recla, along with my crazy talented wife Tonya Dawn Recla. So this week we're talking about peer reviews put your business at risk. What does that mean to you don't you, Tonya? Well, this is a very touchy subject and I get that. The challenge is that we can glean a lot of information off a peer review. But the problem for small business or even mid and large sized businesses is that who monitors that? And who has a say in any of that? And so everything from you know corporate espionage and conspiracy stuff. You know your competitors coming in and Bam Basting your [...]
Minimum wage increased. What are the hidden risk to your business now that the minimum wage increase is taking affect in multiple states? Listen in as we discuss the hidden risk to your business and how you can mitigate your risk by hiring right the first time. Show Notes Welcome to the In The Clear Podcast I'm your host Justin Recla along with my amazingly talented wife Tonya Dawn Recla.Hello. Hello.Welcome to the show everybody today we are going to be talking about things that are in the news, especially here in Arizona. I know a lot of states with the given elections for talking about the minimum wage increases that we're seeing across the nation and the hidden risk to your business. It's been a big topic lately I know for a lot of small business owners that we're going to start feeling the crunch [...]
What does valor have to do with business? If you're Bruce Marshall -- everything. Bruce shares his amazing story with us and the importance of having the right team. Bruce is a recipient of the Purple Heart and the Bronze Star and when it comes to your financial future, he's got your back!
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.
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.
You have a security alarm installed to protect the valuables in your home, but what kind of protection do you have for your valuable business? Partners, investors, employees… All sorts of people come and go in your business. Maybe you’ve found out the hard way, but not everyone is who they say they are. Not everyone is on the up-and-up. And not everyone can be trusted. Wouldn’t it be great if you could tell ahead of time whether someone is worthy of your trust? Wouldn’t it be great if you knew before you let in the wrong people who “robbed you blind?” Getting involved with scamsters and frauds can be incredibly expensive , it could even cost you your entire business. Trusting people without doing proper due diligence is taking a gigantic – and totally unnecessary business risk. You deserve to know exactly who you’re dealing with and whether they’re [...]