Quick Business Appraisal
By Terence M McDonald
Open iTunes to buy and download apps.
This business appraisal / business valuation APP for iPad, iPhone & iPod enables the user to arrive at indicative enterprise values for small to medium size sole trader and company businesses in less than 10 minutes.
The APP uses an Artificial Intelligence (Ai) algorithm that encapsulates the experience and knowledge of a number of very experienced business appraisal professionals within its software.
The software program conducts a 'virtual' business appraisal interview with the user and then, based on the responses to the interview questions, calls upon its embedded artificial intelligence to evaluate a composite risk discount rate based on 32 economic, business and industry risk factors applying to the particular business.
This risk rate is then combined with the actual financial performance of the business and two business values are calculated:
1. The value of the business to an arm's length investor (an Accountant's Valuation) and;
2. The value of the business to an owner-operator purchaser (a Business Broker’s Valuation).
What's New in Version 2.0
- Interface of multiple screens updated
- Newer and smarter calculation algorithm
- Dropbox Storage
- Updated output format
- Export to PDF
- iPad version!