BizNexus Roundup
Quick & dirty interviews, war stories & tips from the trenches of business acquisition, growth & sale. We aim for value, efficiency & fun, so you'll walk away with something useful to take with you along the journey of buying, growing & selling a business.
BizNexus Roundup
Due Diligence 101 - Virtual Data Room Overview, Tips and Tactics with Estelle Black
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BizNexus
In this episode we chat with Estelle Black from MedWorld Advisors and her vast experience managing the virtual data room (VDR) in her crucial role acting as an Intermediary in the company. We break down how VDRs work on behalf of clients not only as a data collection and management tool but also as a marketing tool.
In this Roundup we get into the nitty-gritty breakdown of:
- What is a virtual data room (VDR)
- What are the key items that should go in a VDR
- Why the level of security of a VDR is so far above tools like Dropbox for data protection, security and confidentiality
- How VDRs controls who enters the room
- When is a good time to enter a VDR
- What role intermediaries play between the buyer and seller
- What can kill the M&A process and how you can save time
- How VDR can be used to assess buyer interest on an ongoing level
- The different levels of a VDR and how it affects different user’s access to information
- How the VDR can be used as a marketing tool
- Why it’s essential to have an intermediary that specializes in your niche
- How you can boost your user profile in BizNexus
Don’t miss out on this information packed Roundup to learn how you can use VDR more effectively in your business.
Related episodes:
What should a buyer look for in an intermediary? Vice Versa?
Links:
BizNexus Links
- BizNexus Marketplace
- BizNexus Concierge
- BizNexus Community
- ExitPrep TM
- Get prequalified for an acquisition loan
- Due diligence services
Keywords:
Virtual data room, data protection, security, marketing tool