Business Ownership Data: Best Business Ownership Datasets & Databases
Business ownership data refers to the collection and analysis of various datasets related to the ownership of businesses. This data can include information about the names and addresses of business owners, as well as other relevant details that can be used to gain valuable insights and make informed decisions related to marketing, sales, and recruitment for businesses. It can be used to identify potential leads, partners, and competitors within specific industries and regions.
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What is Business Ownership Data?
Business ownership data tells you information about which person or entity owns a company as well as how they came into ownership (ie. whether they created the company, bought it, or acquired it).
It can also tell you about the business owner or owning company, including details such as name, office address and a business description.
Business ownership data can also be used on a more general scale to give you an overview of business owners who are involved in a similar sector or field. This can be used to compare business owner demographics as well as differences between these businesses themselves.
How is Business Ownership Data collected?
Primarily, business ownership data is collected through surveys of business owners. This can provide personal details about the owner such as gender, ethnicity, race and/or age bracket. It can also tell you whether the business is owned by one person or entity or whether there are different people or parties involved in the business’ ownership.
The problem with ownership surveys is that they are not collected regularly, but instead can be as rare as annually or every 5 years depending on the surveying company.
Business ownership data can also be collected through the business’ own new channels, such as its personal website. This is often a good source of ownership data when it comes to small businesses, and especially companies with a USP centered around the owner themselves being easily accessible.
What are the attributes of Business Ownership Data?
You will typically find standard information about the business owner in a business ownership dataset. This normally includes their standard information, such as name, age bracket, ethnicity, and often education level and history.
This will often be refined into different business categories so you can easily compare owners of businesses that specialize in similar fields. Some of these may also provide reports on ethnic-minority owned businesses or businesses owned specifically by women.
Mainly business ownership data will verify that a business is real and owned by an exisiting person or entity.
What is Business Ownership Data used for?
There are many different uses for business ownership data.
Organizations can use this data to compare how trends in business ownership have changed, for example whether there has been an increase in women-run businesses in a particular field or sector.
Companies also use business ownership data when planning a potential investment or takeover as it can provide useful information about the owner’s details and from there can be used to ascertain the potential future development of the company.
How can a user assess the quality of Business Ownership Data?
The best business ownership datasets will provide business owner data which is updated regularly and will reflect current changes to ownership. Historical ownership records are also important for a business ownership dataset so you can see how ownership has changed over time and compare trends in ownership that has been seen amongst business involved in similar fields and sectors.
Always make sure to read the data provider’s reviews before buying and ask for a data sample before you purchase any business ownership data to ensure it matches your personal need.