THE MODEL: A startup which helps users sell their small businesses quickly and at lower costs.
STARTUP: MyBizDaq (British startup)
WHAT I LIKE
Core Idea – A platform for selling small businesses.
Value Additions for Users – Users can upload their business free of cost and use their dashboard to talk to buyers, arrange meetings and negotiate offers. Also a basic business valuation tool is provided for sellers.
Competition – The startup faces competition from offline players such as business consultants, banks etc.
Revenue Potential – Since the business charges no commission on an already small market, the potential revenue scalability is a concern.