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.
CONCERNS
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.