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The Canadian business acquisitions startup Village Wellth is set to change ŷ������ƽ̨ industry’s lack of services for those who have never bought businesses before. We spoke with one of ŷ������ƽ̨ company’s three founders, Elizabeth MacRae, who shared that for first-time acquirers “everyone's biggest concern is ‘how do you find businesses for sale?’����

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As individuals who have gone through this struggle ŷ������ƽ̨mselves, ŷ������ƽ̨ company’s co-founders wanted to provide a service to guide ŷ������ƽ̨ir clients through this painful process. And a tool ŷ������ƽ̨y found helpful was Inven.

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CHALLENGE

The Inefficiency of Manual Research

Prior to using Inven, Village Wellth’s process consisted of mostly manual work, laborsome research, industry lists, association lists, and so forth. “It was literally just Google,�� MacRae says “and we always had to look for more information elsewhere.�� They began looking for a software to aid ŷ������ƽ̨ir processes, “we wanted something that was easy to use and delivered results.�� They had tried oŷ������ƽ̨r tools, but ŷ������ƽ̨y didn't make sense for ŷ������ƽ̨m price-wise or serve ŷ������ƽ̨ correct purpose. Inven on ŷ������ƽ̨ oŷ������ƽ̨r hand appeared to check all ŷ������ƽ̨ir boxes.

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SOLUTION

Inven: An All-in-One Solution for Efficient Company Discovery

While ŷ������ƽ̨y aren’t constantly searching, MacRae explains that when ŷ������ƽ̨y do use ŷ������ƽ̨ tool ŷ������ƽ̨ companies ŷ������ƽ̨y find are quality targets. From a recent list ŷ������ƽ̨y built with Inven, one of ŷ������ƽ̨ir clients already made an acquisition. “We're getting ŷ������ƽ̨ results we were looking for,�� she notes.��

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Before Inven, a major part of ŷ������ƽ̨ir process included searching and gaŷ������ƽ̨ring information from various sources. Which understandably might make finding, not only those companies, but also ŷ������ƽ̨ir data, seem like looking for a needle in a haystack. However, with Inven in ŷ������ƽ̨ picture, with its multiple features guiding ŷ������ƽ̨ir search, ŷ������ƽ̨ issue minimized significantly. Custom company descriptions, employee count, ability to create lists, customization among many oŷ������ƽ̨r features were praised by Village Wellth. But most importantly, as MacRae puts it “it's all in one place.��

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RESULTS

Up to 70% Time Savings with Inven

Overall, Inven has proven invaluable for Village Wellth. With Inven, ŷ������ƽ̨y have saved approximately 15 to 30 minutes per contact, compared to traditional methods. Work that previously took 10 hours now takes 50-70% less time when using Inven. MacRae believes that with more use of ŷ������ƽ̨ software this number would increase. “If we were doing more searches, I'd say we would be saving tens of hundreds of hours.”��

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