Entrepreneurship must be the most rewarding and riskiest of all money-making activities. Sure, you can have stability with a job, but are you making the same amount of money as Bill Gates? However, you should know that companies require you to take a certain amount of risk before you can reap the rewards. This is why most entrepreneurs conduct business background checks to assess the viability of an investment. What are the elements of a good business background check?Say no to plagiarism. Get a tailor-made essay on “Why Violent Video Games Should Not Be Banned”? Get an original essayStrengths – What are the inherent strengths of a business opportunity? Is the company original? Does the owner have the knowledge or skills necessary for the business to succeed? These are just some of the questions answered by this part of the employment background check. More and more people today are choosing to franchise certain businesses rather than starting their own from scratch. If this is the case, you should check the reputation of the franchise. The popularity of the franchise in the market could indicate its strengths. This part of the company background check will help you evaluate how the company will be able to overcome obstacles often encountered in the market. Weaknesses – Of course, where there are strengths, there are also weaknesses. Weaknesses are factors inherent to the business that could hinder your success. Including weaknesses in your company's background check will help ensure that you will be able to develop a balanced action and decision plan. Knowing a company's weaknesses will help protect it from falling. By knowing a company's weaknesses, you will be able to discover areas you should strengthen. This is an essential part of a company's background check, but it can be the most difficult to honestly review. Opportunities – Opportunities are factors that are useful to the business and lie outside the business itself. This means that you will not be able to control these factors, but only benefit from them. By including opportunities in your company's background check, you will be able to ensure that you know how to best utilize the company's assets to get the most out of them. The key to successfully completing this part of the employment background check is to spot opportunities where others don't. By doing so, you will be able to get ahead of others in the market. Threats – Threats are factors that you cannot control and yet can prove detrimental to your business. The impact of these threats may not be reduced, but their effects on your business can be reduced. Every business faces threats. By factoring threats into your employment background check, you will be able to ensure that you will withstand any threat and survive to fight another day. You may not be able to control threats, but you can certainly control how you respond to them. Keep in mind: this is just a sample. Get a personalized article from our expert writers now. Get a Custom Essay These are the four most essential parts of an employment background check. By examining your strengths, weaknesses, opportunities and threats, you can arrive at a..