Richard Wilson: asking to see the operation and its product
A manufacturing-floor video and product samples appeared side by side in Richard's list of possible diligence requests.
Two concrete requests
Richard offered these examples while discussing a list of areas an investor could examine. A video could show the manufacturing floor. A sample could let the reviewer inspect something the company makes. Both requests move beyond a written description of the business.
The evidence has a defined subject
The walkthrough concerns the operation; the sample concerns its output. Neither request by itself establishes sales or profitability. Their role in Richard's discussion was to give a reviewer more specific questions when the initial conversation had run out of them.
In Richard C. Wilson's words
"do you have a video walk through of your manufacturing floor can you send me samples of your product" (Richard C. Wilson, Due Diligence mini-series)
How to use this
- Identify which part of a business description could be examined through a sample or walkthrough.
- Record what that evidence shows and what remains outside it.
Questions and answers
What did Richard suggest requesting?
A video walkthrough of the manufacturing floor and samples of the product.
Were these a complete review procedure?
No. They were examples within a larger list of possible diligence questions.