RMIT academics have partnered with ValueMyBusiness to strengthen its quarterly Index of Business Value Multiples.
For 11 years, the ValueMyBusiness Index of Business Value Multiples has been the only source of data available about the market value of small-to-medium enterprises.
The new partnership sees the newly re-branded VMB-RMIT Index of Business Value Multiples improved by applying the highest level of academic rigour to the data collection and analysis.
ValueMyBusiness Director Dominic Pellegrino said: “The information we deliver via the Index is crucial to understanding what a business is worth.
“Too often buyers, sellers, investors and those seeking capital have unrealistic expectations of business values, which makes it difficult to make strategic decisions, particularly when looking to sell.
“Now, by partnering with RMIT we’re introducing academic standards to a comprehensive business resource, making it even stronger – that should give all our users the utmost confidence in the legitimacy of the data.”
Professor Kosmas Smyrnios, from RMIT’s School of Management, said partnering with ValueMyBusiness provided RMIT with an opportunity to expand its research capacity into new territory.
“Working with industry is deep in RMIT’s DNA – it’s good for our industry partners and our students,” Smyrnios said.
“Collaborating with ValueMyBusiness allows us to tackle real-world problems, which feeds back into our research and teaching.
“We’re proud to bring our intellectual rigour to bear, to ensure that the index is thorough, reliable and offers value to its users.”
Pellegrino said feedback from subscribers played an important part in the decision to overhaul the Index and seek the RMIT partnership.
“Making it more accessible, easier to digest, and to provide more commentary were common themes, and so we endeavored to do that.
“RMIT’s expertise was again important in really breaking down the findings and telling a story that would be valuable to subscribers.”
The VMB-RMIT Index quarterly report provides an in-depth trend analysis of business valuations across 19 industries and businesses of different sizes.
Story: David Glanz