A well renowned advocate on matters related to business, Finance and investment has adviced both prominent and small scale traders to contemplate hiring an advocate who will enhance efficiency, explain how to avoid pitfalls and mistakes in their general business.
Speaking in Nairobi today during the African Summit on Investments, Lawyer Thomas Ngoe urged participants not to risks their business by engaging in deals and business partnership blindly without involving the advocates.
He said that, it was important that when business plans are put in place and carried out , the owner needs to ensure he or she performs due diligence before making his decision.
” This could mean filing for a loan, filling out applications with official, drafting contracts and learning different aspects about a venture. Often many processes are needed when merging or acquiring a new company. Due diligence is analyzing factors, learning who each employee is and what elements are in place with the business that could lead to complications. All this process needs an advocate,” he said.
Ngoe who is a celebrated advocate in matters related to business, investments and partnership believes that strong legal foundation is key for a successful business in the entire world.
” In order for a business to became successful, it generally must start on sound and steady footing before it has a chance to catch up in the markets of the electonic age . This means understanding all matters researching and advertising to the right audience and consumer appropriately,” he said.
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