Issue 3 2019

Acquisition International - Issue 3 2019 49 1808AI49 • 78% of business owners expect to fund their retirement by 80-100% through the sale of their business • 40% of business owners don’t have life insurance because they don’t think their business is valuable • 68% of all businesses are underfunded • 100% of business owners will exit their businesses one day Democratising business valuation knowledge is what BizEquity, the world’s first and only patented provider of business valuations, does best. We speak to CEO Mike Carter in the wake of him being awarded the CEO of the Year 2018 in the Business Valuation sector. izEquity has created the first patented online service to help more than 200 million global businesses around the world know what they are worth. President and CEO, Mike Carter, says: “At Biz Equity, it’s our mission to help every business owner in the world know what they are worth. “What’s your Business Worth?” is the most important question they can ever answer. Before BizEquity, only 2% of businesses knew their value.” Business valuation knowledge drives every major financial decision a business owner can make. BizEquity is the world’s only patented and the largest provider of business valuations, having valued 33,387,962 private businesses globally. BizEquity was born from the learnings of a multi- billion dollar financial institution and consisted of a passionate founding team to help democratise the most important financial knowledge in the world - business value. In helping to finance two entrepreneurs outside Buffalo, New York, it became apparent to BizEquity founder, Michael M. Carter, that private business owners did not have access to readily available business valuation data and insight. Mike made it his mission to expose this knowledge to help businesses make better decisions to protect their businesses, their families, and their dreams. “Our team literally wrote the book on business valuation - it’s called “The Business Valuation Book”!” he states. “BizEquity was created by the leading voice in business valuation; the former leader of the largest accounting association in the world that certifies business valuations; a legend in the venture capital industry that helped create 5 different billion dollar companies; and a well-known software entrepreneur. Together we have invented and patented a new way to help small businesses and their advisors understand business value better, faster, and more cheaply.” Mike is both President and CEO of BizEquity. After years working for legendary tech investor, Pete Musser, Mike founded BizEquity. With more than 15 years in enterprise software and technology services, Mike has founded three software companies. He was also CMO of a publicly-traded billion dollar Internet company and has been called one of the top 100 people globally in Fintech. What’s your Business Worth? B