According to a recent survey, almost 66% of all business owners do not know how to quantify or calculate the value of their own businesses. BizEquity makes this knowledge readily accessible, drawing on our database of more than 11 million businesses to create an estimated business valuation for your own venture during the key phases of its life cycle: from raising capital to succession planning. The result is a better understanding of your business and how it stacks up to competitors down the street or across the country.
Business owners can also use BizEquity to create a free, customized business valuation that allows comparison against industry benchmarks in an easy-to-understand format. A custom valuation also helps keep relevant information handy when communicating with industry experts and peers via their BizEquity blog.
This is certainly a handy tool, but if you are a pre-revenue company you won’t find it valuable because it won’t work. It’s great for traditional businesses, assets, revenues etc. Hopefully, all of us social media companies will be in that league soon.