Michael M. Carter is the Founder, President, and CEO of BizEquity. Their new online service was created to help usher in the new Data Democracy needed by the Small Business owner and their advisor, through powering the first and leading online valuation system and service of its kind. You can try it at www.BizEquity.com.
The global business data market is dominated by large data firms that have made their fortunes and built their architectures and infrastructures based upon data “about” an individual or a business and not “for” them. This data was first sourced, packaged, and sold to legions of financial services firms looking to extend consumer credit. This data was structured and one-dimensional.
Today, there is little argument that small businesses and entrepreneurialism are the engines that will drive the economy. There are nearly 200 million global small businesses that represent nearly 50% of the world’s GDP. Small businesses and their owners and entrepreneurs behind them represent a critical market segment for financial services firms of all kinds.
