Small Business Commando News

Independent Street : New Web Site Lets Businesses Estimate Their Market Value

New Web Site Lets Businesses Estimate Their Market Value

The fine folks at Advanta today launched a new web site that allows business owners to instantly see what their business is worth.

Taking a clue from Zillow and Trulia, who estimate home values, BizEquity.com makes it a snap to get a ballpark valuation of a business.

While this service does not pretend to replace the valuation process, it does offer a glimpse into comparable business sales.

Obviously, this will be most relevant to businesses that are easily classified, but the real juice is that it will (eventually) become a portal where businesses may be bought and sold.

Bravo to Advanta for thinking outside of the box.

Their first foray into social entrepreunerism was IdeaBlob.com, a site where people could post their ideas and receive feedback (and a chance to win $10,000 per month) from Advanta.

I participated as a guest advisor on IdeaBlob.com and was very impressed with the interaction and engagement.

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This entry was posted on Monday, September 8th, 2008 at 3:01 pm and is filed under Entrepreneur, Local Online Marketing. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.