One of the most important things to do is to know how much your startup is worth. Business valuation is not merely putting an arbitrary price; it is an objective process of estimating the economic value of the business based on several factors such as income, assets, and market potential, among others.
But the question is why? Why should you valuate your business?
To have a benchmark for growth
When you’re planning to grow your business, knowing it’s value provides you with a calculated number to measure against. Having a detailed valuation of your business gives you a roadmap for the development and improvement of your business, as well as a basis to strategically address opportunities for growth.
You know how much ownership to give investors
If you’re a startup that is seeking funding, it is best to know the value of your business. Consider it your startup’s resume, where potential investors could have a snapshot of the health of your business. Having an updated valuation of your business allows you to capitalise on investment opportunities and create a solid plan for bringing in investors.
We’re sure there are a lot more reasons for various purposes that you should valuate your business. Next week, learn more about the whys and the hows of business valuation.
Get insights into valuation as RSM and Acorn bring you What’s My Business Worth? a free seminar about all things valuation for SMEs seeking funding.
Make your way to the RSM office at 8 Wilkie Road, #03-08 Wilkie Edge, Singapore on May 25 for an afternoon seminar led by RSM Valuation Advisory Partner Terence Ang and Acorn Marketing and Research Consultants Founder & CEO Kwan Chong Wah.
For a more in-depth discussion and application of valuation, i-Deals Network brings you Masterclass on Business Valuation by Aswath Damoradan, a two-day seminar and workshop on valuation for businesses of all sizes and stages.
The masterclass happens on May 25-26, at Four Seasons, Orchard Boulevard, Singapore
Also, here are other tech and startup events happening next week:
May 22, Monday
1. Telkom Indonesia Socio Digi Leader 2017 Roadshow
Location: Melbourne, Australia
A global competition of youth creatives with the theme of Empowering the Community through Information and Digital technology.
2. World Heart Congress
Location: Osaka, Japan
A three-day annual cardiology meeting for postgraduate education and scientific work that includes seminars, exhibitions, and workshops focussed on heart health.
3. Transport Infrastructure Outlook – Vietnam 2017
Location: Ho Chi Minh, Vietnam
A two-day conference on current and proposed transport developments happening in the region, including funding requirements, regulatory affairs, as well as the current rail project.
May 23, Tuesday
4. CommunicAsia 2017 – Trending Technologies, Intelligent Business Solutions
A three-day conference to focus on cutting edge technology solutions for businesses such as IoT, Enterprise mobility, virtual reality, and others, as well as the possible security challenges in return.
May 24, Wednesday
5. Exabytes eCommerce Conference
Location: Selangor, Malaysia
The 7th conference organised by exabytes that provides opportunity to participants who want to be a success in eCommerce.
May 25, Thursday
6. Seedstars Singapore 2017
The global seed-stage startup competition for emerging markets and fast-growing startup scenes where, in addition to seeing the top startups pitch, attendees can look forward to an event filled with disruptive tech, inspirational discussion, and exciting networking sessions.
7. Webinar: Moving out from legacy systems and onto the cloud
An infowebinar on the tools Google has created to help organisations move from legacy systems to digital and cloud platforms.
8. Startups & Angels #1
A meetup, networking event, and pitching event rolled into one. Six speakers from the startup community will be here to share their experience, project, and history, while AB Tasty, Chubb, Coopita, Shwe Property & JobNet Myanmar will be pitching among others.
May 26, Friday
9. ACE Microsoft Tech Talks – Building your first machine learning application
An exclusive hands-on workshop on building a machine learning application as led by James Lee, Microsoft’s technical evangelist and community leader with an extensive experience in building and deploying A.I. solutions.
10. Future Food Asia Award
A platform for identifying and promoting innovative new technologies and startups in the food and agritech areas in Asia-Pacific.Gathering all finalists from across the region, industry and media partners, experts as well as financial and impact investors, the event will provide a comprehensive perspective on this nascent and promising sector, addressing one of the most pressing challenges of our time.
Looking to join an event in the later parts of the month? Browse the e27 events channel.
Featured image: unkreatives / 123RF Stock Photo