Recent content by henryd
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
That’s reassuring to hear, this is exactly the direction we’re thinking. Beyond the quick valuation, we’re building more in-depth flows that help owners understand how sellable their business actually is, and what they need to improve to increase that over time. Some of those flows already...- henryd
- Post #33
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
100% agree, as we build I’m sure we’ll run into plenty of scaling challenges that will seem obvious in hindsight. Right now the focus is simply on building genuinely useful tools for buyers and sellers, and then converting that into real transactions. On your earlier point around signup...- henryd
- Post #30
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
I think that’s fair if you’ve had relatively smooth deals, but from what we’ve seen that’s not the norm. The market today is opaque and fragmented. You’ve got listings spread across different sites, brokers all running their own processes, and very little transparency. For most owners, it’s...- henryd
- Post #28
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
If a buyer and seller have matched on Handover, I think they’ll both be pretty happy to use it to complete the deal, otherwise it simply won’t go through. You’re right on the solicitors though. From speaking to a lot of business owners over the past few months, the professional services side of...- henryd
- Post #26
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
this is actually very close to where we think things could go longer term. The valuation is more the starting point, but the messy part is everything that happens after that, and today it’s pretty fragmented across email, docs, solicitors etc. A single place to manage the whole process...- henryd
- Post #24
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
firstly very much appreciate you taking the time to look at it, means a lot. the feedback is very useful and think there are things we can implement right away (surfer dude convo style for example) and some wider points about long term usefulness we need to think on (I agree its an issue btw)...- henryd
- Post #21
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
Where we’re trying to be different is less about the number itself, and more about making it actually useful to an owner: Transparency over black-box outputs — we show exactly how the valuation is built up (multiples, adjustments, risks), so it’s not just “here’s your number” Clear drivers of...- henryd
- Post #19
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
agreed its not going to be perfect the model uses a mix of: industry multiples for different types of businesses (based on real data + input from a couple of accountants that do this day to day) business assets owner dependency so in some cases it can actually highlight why a business might...- henryd
- Post #16
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
yer valid, we might move it back then if its causing ppl to not use the tool. the tool (in my opinion) is very nicely put together and I've been designing and building software for 15 years so be a shame to kill conversion bc of it.- henryd
- Post #13
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
you’ve hit on a few real issues here a lot of brokers give pretty inflated valuations upfront to win the business, which feels great as an owner, but then they spend the next few months trying to bring expectations back down and no one’s that happy what we’re trying to do with handover is give...- henryd
- Post #11
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
respectfully disagree. Like owning a home, people dont just care about the house valuation the moment they sell it, they want to improve and increase it constantly, and we've seen the same behavior with our first few 100 business owner users.- henryd
- Post #9
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
the idea isnt just a one off valuation, it’s something that updates as the business changes so if you improve things over time (reduce owner dependency, improve margins, diversify customers etc) the valuation moves with it we’re also starting to layer in things like suggested actions and being...- henryd
- Post #7
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
ah yeah that’s fair, appreciate you trying it the account step is mainly so we can save the results and let people come back to it, but i can see how that’s a bit of a blocker upfront we did originally have it later in the flow, perhaps we need to revisit that- henryd
- Post #5
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
we’ve actually spent quite a bit of time working through a lot of those variables and trying to bring some structure to it "Calculating a value of a business is very near impossible" is kind of the core problem we’re trying to address. from what i’ve seen both buyers and sellers often find the...- henryd
- Post #4
- Forum: Start Up Space
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What’s my business worth? Built a tool for UK SMEs — looking for feedback
Hi everyone, I’ve just launched an early version of Handover, a tool that calculates the value of UK small and medium businesses, and I’m looking for a few business owners to try it and give early feedback. I can’t post links yet, but it’s on my profile, or just reply here and I’ll send it...- henryd
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- Replies: 32
- Forum: Start Up Space