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?

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

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