Conducting Effective Due Diligence with Roman Beylin - Due Dilio

In this episode of Private Market Insights, Josh Levine, the co-founder and CEO of Private Market Labs, announces a new partnership with Roman Beylin, the founder of DueDilio. DueDilio is a marketplace that helps people assemble deal teams for the small business M&A due diligence process. Through this partnership, Private Market Labs users will be able to request high-quality vetted due diligence support from DueDilio within the Private Market Labs platform. The conversation covers commonalities among successful buyers, the importance of communication in the due diligence process, the first steps buyers should take after submitting an LOI, and tips for managing a service provider team. Roman also shares advice for buyers on a budget and highlights the need for realistic expectations and a focus on quality in the due diligence process. The episode concludes with a discussion on the differences between ETA entrepreneurs and startup entrepreneurs, as well as predictions for the future of the small business M&A industry. (00:00) New Partnership Announcement: Private Market Labs and DueDilio (01:32) Closing Successful Deals: Insights from Experience (08:17) Understanding Due Diligence in Business Acquisition (15:24) Choosing the Right Attorney (18:26) Quality vs Cost: A New Perspective (22:06) Understanding Transaction Requirements and Cost Management (24:19) Common Mistakes in Business Buying (28:10) Self-Assessment of Entrepreneurial Skills (31:17) The Future of ETA and the Role of Technology (36:35) Cross-Cultural Business Ventures 🔗 Check out the Private Market Labs website: https://privatemarketlabs.com/ 💬 Follow us on Twitter: https://twitter.com/levinejm 🔗 Check out DueDilio: https://duedilio.com 💬 Follow Roman on Twitter: https://twitter.com/romansb1