Finding a business partner may be one of the most complicated tasks that any business person can face. The sole decision of whether or not business will do better with or without partnering up has to be deeply thought, every tiny detail must be considered in order to avoid investment fraud, especially when the deal involves someone from a high risk country for fraud, like Russia or the Ukraine.

But on the other hand, the truth is that collaboration is at the heart of every business success. Working with a business partner drastically changes the dynamics of running a business. A great business partner can add a lot of value to any company. In fact, long before any company starts selling its products or services, it engages with a range of partners, including manufacturers, logistic companies, import and export agents, lenders, investors and in some cases outsourcing companies. Indeed, just about every aspect of a business is in some way dependent on a business partnership.

The value of these relationships is well understood by corporate executives. However, not every company has a proper protocol in place for verifying potential business partners. Investigators in Moscow say that with the tension in the political relationships between the East and West and with the fall of the economy in Russia, many more organizations and individuals are starting to consider private investigation tools like background checks and comprehensive due diligence to reduce the risks. But conducting a background check on the most important representatives of a company or performing due diligence in Russia should not be done in just bad times.  A serious vetting process is key to long term success.

Savvy investors and business owners have learned that anticipating where a business may experience problems is key to risk mitigation, and in order to be able to anticipate they need relevant and timely information.  Private investigators in Moscow know that fraud and scam cases are prevalent through Russia and the Ukraine, and outside investigators are wise to verify.

Having the right information about a potential business partner helps an organization or investor seize opportunities and protect their assets. In a first stage, it is important to verify the individuals involved in the deal, check how their own businesses are doing, verify if there are any past incidents that may affect the deal or that may hint that this is not the right person to start a business with.  Partnerships are not only based on trust, they are based also on thorough investigations that can provide the evidence needed to make a wise decision.  Having good information means good decisions.

Companies who run into issues with a partner, more often than not, had warning signs which provided clues to these developing problems.  It was a red flag in the beginning, but it was ignored.  Or, more often than not, no professional verification was done.  According to due diligence experts from the Russia PI team, many of the problems encountered between partners were foreseeable before committing to the partnership, but the lack of due diligence kept the parties from finding it out on time. Once the deal is done, legal issues may arise, and the most likely is that there will be some financial loss, as well as all the time and efforts that have already been invested in partnering up.

Getting informed beforehand and paying attention to these clues will provide any investor with a competitive business advantage, it will help them learn about the business more deeply and it will ultimately provide distinctive value to clients and prospects because it will help the business grow.

Choose your perfect business partner wisely!  If you’re considering hiring or investing in Russia or the Ukraine, contact us today to get the evidence and facts.  International investigators can verify the company or employee or investment you’re considering, so you can make an informed decision and not learn the hard way.  Don’t be a victim of fraud, get a free and confidential quote.

C. Wright
© 2015 Russia PI™

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