Lock Stock and Due Diligence

July 29, 2003

One of my favorite movies, is the Guy Ritchie film “Lock Stock and 2 Smoking Barrels “. It has a great soundtrack and it’s such a cool movie. Yes, lots of guns and drinking….though not as much as Bad Boys II. Anyway, one of my favorite scenes is when…

Eddy (Nick Moran) has been known as a cardsharp since he was young. So he and his three friends Soap (Dexter Fletcher), Tom (‘Tom Flemyng’ ) and Bacon (Jason Statham) all decide to chip in �25,000 each to allow him to play in an illegal high-roller game run by one of the local villains, Hatchet Harry (P.H. Moriarty). However, Eddy didn’t realise the game was crooked and he ends up owing Harry �500,000 with dire threats about losing his fingers one at a time if he doesn’t pay within a week!

Summary written by Mark Smith {msmith@osi.co.uk}

Ok. It’s not exactly a date movie, but it’s a good example of how businesses works. You might know everything there is to know about your industry or a client’s industry, but if they know what you’re holding or not, then you might as well give up…

In other words : Due Diligence .

While I am far from being a good businessman, research is your best business tool. Either if it’s negotiating a fair contract or to find the true owners of a company, its something you can use. It’s that ace in your sleeve waiting for it’s chance to be played. Because what you know, will be to your benefit.