According to the Wikipedia Encyclopedia, due diligence is the investigation or exercise of care that a reasonable business or person is normally expected to take before entering into an agreement or contract with another party.
Many mistakes and oversights that individuals do in business or in personal dealings with others often stem from the lack of due diligence. For example, our opening text today details the shocking discovery made by Joshua and the children of Israel who had just made a covenant with the Gibeonites under the pretext that they were a people from a faraway land, without properly vetting their claims. It would turn out that the Israelites had been tricked, and they fell for it, because they did not do due diligence or seek counsel like they would usually do (Josh. 9:14).
The lack of due diligence can crash a thriving business overnight, or put an individual into regrettable and compromising positions. Some people fall victim to fraudulent schemes and make ruinous decisions because they overlooked important red flags in their business or personal dealings with others.
Therefore, before making a major purchase, do your research about the product or service, read reviews, and compare prices. If you are getting into a contractual agreement, check the credentials and verify the documents.
Also, when considering an investment opportunity, do due diligence to consider the risks and rewards, and seek the advice of a financial expert if necessary. Do not append your signature to documents you have not fully read and understood. Consider seeking the advice of a legal professional where necessary.
In all, do not get hurried by the lure of profitability, but take necessary steps to ensure that things are exactly as they were portrayed to be. This is how you can minimize risks, protect your interests, and make informed choices about your life, career and business.
💎 Thank you for reading today’s devotional. There are prayers that follow which can help you immensely.
Please do support us by leaving a comment, replying to comments from other readers, reacting to today’s devotional, or sharing on social media platforms.
You can also message us directly to let us know how you are enjoying the devotional. God bless you.
🙏 DAILY PRAYER GUIDE
Dear Father, help me to be disciplined in doing due diligence about every area of my life, in Jesus Name.
🏞️ PRAYER FOR A NATION – NETHERLANDS ANTILLES
20% of its population is unreached with the Gospel. Evangelical witness progresses slowly but steadily. A vital growing Church on every island is a target for prayer.
1. Prayer for the nation: Father in the name of Jesus, we pray for the unreached people in this nation that they will encounter the Lord and surrender to His lordship in their lives, in Jesus Name.
2. Prayer for the leaders: Father in the name of Jesus, we pray that the spirit of wisdom and revelation will rest upon the leaders in the land, that their hearts be flooded with the light of the Word, in Jesus Name.
🕍PRAYER FOR ISRAEL – (Ps 122:6)
Father in the name of Jesus, show your mercy and favor in this set time to Israel. Let your mercy not depart from Israel, in Jesus Name
💒 PRAYER FOR UNITY IN THE CHURCH
Dear Father, we pray that the church will grow into the fullness of the stature of Christ, in Jesus name.
☄️ PRAYER FOR SOULS / REVIVAL
Dear Father, we pray that through all our channels of outreaches, many will be liberated and delivered from the power of Satan, in Jesus name.
📚DAILY BIBLE STUDY
EXODUS 35 & 36,
Call our 24-hour Call Centre lines for prayers: +234 908 899 9194
God bless you.