Do your due diligence

The speaker recounts their experience of taking over a bankrupt company, initially unaware of its dire financial state. They describe the initial struggles, including sleepless nights and preparing a speech for potential failure. A crucial client payment provided temporary relief, allowing for necessary redundancies and eventual recovery. By the end of the first year, the company turned a profit. The speaker reflects on the importance of due diligence and the pitfalls of youthful optimism.

What lesson did the speaker learn regarding due diligence?

How did the speaker's perception of the company change after digging deeper into its issues?