Trust but Verify, What Does That Really Mean?
Today, technology runs the world, our lives, and everything in between, exposing us to a multitude of fraud. When conducting business with anyone it’s good practice to do due diligence - investigating a business or person before entering into an agreement. We should have a level of trust with the people we work and do business with but we must also verify the information they give us just to make sure we do not have any problems later. Many times, people trust without verifying the information they are given, only to later be a victim of fraud. I once worked with an Entrepreneur who gave me access to his entire life, bank accounts, logins, everything. He spent two weeks investigating me, looked into everything about me from the day I finished high school until this very moment. Even after he was somewhat satisfied with what he had found, we spent another two hours on the phone reviewing and verbally verifying what he had found. After it all, I was mentally exhausted and I could tell he was too but I understood why he had to do it. He did his due diligence by checking everything about the person he will do business with and have access to his personal and business information. Don’t just take someone’s word for it, sometimes we have to see things for ourselves. Sometimes, people’s word isn’t their bond. The purpose of due diligence is to confirm the information you are given, uncover any missing information, and identify warning signs.