Most people think that a business only needs a private investigator when something goes wrong. Some think that a private investigator is only hired for investigating personal matters such as infidelity or finding missing children. Private investigation services have evolved by quite a lot in the past decade. These days, more private investigators are working with businesses than investigating personal matters.
Nowadays, there is an increasing number of small businesses and entrepreneurs who hire private investigators for a variety of private investigation services such as tracking business partners, doing background checks, and more. Below are the ways that a business may benefit from hiring a private investigator.
Referrals to Attorneys
Private investigators work with lawyers from a lot of fields. They know who overcharges clients, who has a less than desirable track record, and who’s the best. If you want to know which lawyer you should hire for your business, you should consult your private investigator.
Due Diligence Report for People in Key Positions
It isn’t easy to pick someone who will take care of your business the way you would. You certainly can’t afford to hire the wrong CFO. An unprofessional Chief Financial Officer with a history of money problems can leave your business vulnerable to theft from within. A few hundred dollars spent on a private eye’s services can save you thousands or millions down the road.
Smoother Business Acquisitions
It would be a disaster to acquire a business that you know nothing about; hence, a background check is a necessary first step to make sure that you’re not wasting your investment. The information gathered from a background check can also be used as a trump card in negotiations.
A private investigator can provide you with the following data:
- Property information
- Corporate assets
- Parent companies
- Current and past employees
- Risk assessments
- Officers and directors
Look Up Investment Opportunities
Investing in other companies or businesses can be risky. A private investigator check a company and find out if a potential partnership with them will be truly beneficial for you. You can’t beat accurate information to support business decisions especially when dealing with possible issues, bad employees, existing issues in the company, and pending lawsuits, if any exists.
Not only is it smart to background check potential partners, investments, and acquisitions, it is even smarter to make sure that new hires for your business have undergone a background check. One rotten tomato in your staff can spoil the rest. A private investigator can look up risks, uncover patterns of illegal or irresponsible actions, verify educational backgrounds, and check job history to make sure that you have honest and qualified employees. In the event that you suspect a member of your team has been up to no good, a private investigator can put that person in surveillance to verify your suspicions. Imagine the peace of mind you’ll get when you can get clear answers whether an employee has been disloyal or not.
Are you thinking of availing of private investigation services for your business? Contact us at Haywood Hunt for your obligation-free initial assessment. Talk to us about how you want us to help your business grow stronger.