Searchers, want to know if your deal is financially legit? Get a Quality of

professional profile

December 11, 2024

by a professional from The University of Texas at Austin - Red McCombs School of Business in Austin, TX, USA

Not doing a QoE is like buying a home without a formal inspection.

Because the ETA ecosystem is still young, the necessary checks are still new to people. A QoE is one of them. When people don’t know much about something, they value it less.

The problem is that it hurts you.

Not the bank. Not the seller. Not the broker. You.

The QoE is meant to help one person in the deal - YOU.

The QoE helps you to:

  1. Know the P&Ls are likely to be legit

  2. Reduce the risk of fraud

  3. Have money to run the business in the first (hard as hell) 3 to 6 months

  4. Make sure the numbers in the P&LS are backed up by cash in the bank

  5. Have they key ratios and KPIs that are specific to the industry

You buy a fraction of a full QoE if you get a QoE light.

Analysis has been cut out to make things cheaper. You’re gambling on whether that information would have shown you the business is unfit.

0
1
28
Replies
1
commentor profile
Reply by a professional
from The University of Texas at Austin in Austin, TX, USA
Follow for more!
Join the discussion