Whether you’re shopping online, investing in a business or starting your own new venture, it’s never pleasant to get scammed. Luckily, you have significant resources at your fingertips to ensure you choose reliable partners. By doing a Companies House webcheck on Duedil, for example, you can stay one step ahead of the competition.
When granting loans, banks often check the most obvious symbol of legitimacy: a bricks and mortar address on the electoral register. You can do the same by checking up on a company’s property listings via their website or by emailing customer service and making an enquiry. An even easier way to do this is to simply sign up to a companies database like Duedil where information is aggregated for ease of use.
Another way to ensure you select the right business partners is to check their financial accounts. Regardless of whether or not a company is still trading and depending on its size, it’s possible to view balance sheets, corporate structures and intellectual property records online.
Sometimes the best way to get to know someone is to make casual contact. Social media like Twitter, LinkedIn, Facebook and Google+ make it really easy to connect with a company and learn about their corporate culture. These can be the best channels in which to reach out a make a connection, particularly if you’re recruiting employees.
Successful people get to where they are today partly by being courageous. Hunt down these people and cross-check their history, where they’ve worked before and whether there is outstanding litigation against them. See where they have worked in the past or if they have been disqualified from other companies. If your company is in its infancy this can be a great way to sniff out the competition.