FAQs

The North American Industry Classification System (NAICS) is the standard used by Federal statistical agencies in classifying business establishments for the purpose of collecting, analyzing, and publishing statistical data related to the U.S. business economy.

NAICS was developed under the auspices of the Office of Management and Budget (OMB), and adopted in 1997 to replace the Standard Industrial Classification (SIC) system. It was developed jointly by the U.S. Economic Classification Policy Committee (ECPC), Statistics Canada, and Mexico's Instituto Nacional de Estadistica y Geografia, to allow for a high level of comparability in business statistics among the North American countries.

This official U.S. Government Web site provides the latest information on plans for NAICS revisions, as well as access to various NAICS reference files and tools.

For more information, go to https://www.census.gov/naics/

Ntry™ Estimates are a starting point estimate of a company’s enterprise value using Nterprisers’ proprietary methodology and automated insights on key inputs and rating metrics derived from publicly available information which may not always be comprehensive or complete. They are are low confidence estimates.

Ntry™ Estimates ARE NOT APPRAISALS and DO NOT follow business appraisal standards.

Ntry™ Estimates ARE NOT indicative of the final sales price of a company, and DO NOT mean that a company has enterprise value that can be realized in a business sales transaction. Ntry™ Estimates DO NOT include the value of any real estate owned by the company.

NAICS codes are the primary identifier of each manufacturer’s sub-industry within the Manufacturing category.   NAICS codes are usually self-assigned by business owners or those registering businesses with governmental entities. Accordingly, NAICS codes are frequently incorrect or missing. Nterprisers attempts to validate, correct or determine the most appropriate code for each manufacturer’s primary sub-industry category.

NAICS codes do not address where manufacturing operations are being performed. For example, a manufacturer in another State, may be registered as a manufacturer in the target State, e.g. Rhode island, but may only operate a sales office. Nterprisers takes the additional step to determine if manufacturing operations are being performed in the target state for each registered manufacturer,

At this time, all privately-owned manufacturing businesses that are registered to do business in the state of Rhode Island and have at least one manufacturing location in the state of Rhode Island will be profiled on Nterprisers.

We do our best to identify all private businesses that manufacture in Rhode Island. We update our records periodically. Some of the common reasons for why your may business may not be on Nterprisers are:

• Your business may not have an active registration with the Rhode Island Secretary of State as of our last update
• You may have registered your business with the state with a NAICS code that is not a manufacturing NAICS code, and we missed you.
• You do not actually manufacture in the state of Rhode Island. Your manufacturing facilities are out-of-state or overseas.
• You are not independently owned but are a private subsidiary, branch of a large private or publicly owned company
• You are not a manufacturer as defined by the NAICS and US Census Bureau. They define manufacturing businesses as those that comprise establishments engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products. You may work in the manufacturing industry offering services to manufacturers but may not manufacture yourself.

Yes, you can join Nterprisers at any time.

You have a few choices for how to join depending on what you do and your interest in the manufacturing industry in Rhode Island or in Rhode Island manufacturing businesses.

• If you work for a private Rhode Island manufacturer that is already on Nterprisers but you are not an owner, you may request the owner of the business to claim their profile first and speak to them about access.
• You may register as a Customer-
  • If you work for a large or public manufacturer in Rhode Island and are interested in procuring from private Rhode Island manufacturers
  • If you manufacture outside of Rhode Island and are interested in buying from, selling to or investing in private Rhode Island manufacturers
  • If you are a distributor or wholesaler and represent manufacturers in Rhode Island
  • If you are a customer or end-user who is interested in discovering and buying directly from local Rhode Island manufactures.
• You may register as a Collaborator –
  • If you support, do business with or wish to discover and connect with private Rhode Island manufacturers
    • e.g. suppliers, vendors, professional services, manufacturing operations and support, trade associations, industry groups
  • You may register as an investor
    • If you wish to buy or invest in private Rhode Island manufacturing businesses
    • If you wish to lend to private Rhode Island manufacturing businesses

Yes, you can join Nterprisers. You may register as a Customer at this time.

We will be launching a beta version in other states. Let us know if you wish to be included in our early access promotion for your state and we will be in touch as soon as your profile is up, and we commence early promotion.

Ntry™ Estimates may be periodically revised to reflect updated information and insights from owner engagement without compromising their privacy.

Ntry™ Estimates may be unavailable. Some common reasons include:

• Publicly available data on the company is insufficient, insufficient or unreliable
• Business structure complexities – e.g. the company's operations are difficult to separately assess from that of its parent company
• Significant direct retail sales component, for example a food or beverage manufacturer
• Early stage / pre-revenue companies

Nterprisers is continually working towards creating comprehensive profiles of all local manufacturers including NtryTM for every business to the extent reasonably possible and subject to information availability. In such cases, Ntry TM will be marked as In Process.

An owner may request a review of the Ntry estimates displayed on their company profile at any time after they have unlocked their NrtryTM estimate. Once a review request is made, their Ntry TN estimate will no longer be displayed on their company profile and will be marked as Under Review. Nterprisers may request additional evidence from the owners and may revise the estimates if key inputs are materially different. Nterprisers reserves the right to keep the Ntry estimate unchanged. All Ntry estimates are considered low confidence estimates.

Ntry TM will be locked if:

• You are an Owner who has registered on Nterprisers but have not unlocked your company’s NtryTM estimate by completing your own valuation
• You are an Owner and are viewing the company profile for a company other than your own and you do not have the Owner-Investor/Owner-Premium level access.
• You are a Customer or Collaborator and have subscribed to the Navigator plan that does not provide access to Ntry TM estimates.

Customer, Collaborator and Investor users with Investor level access can view Ntry TM if they are available.

Nterprisers’ proprietary Value Estimation Tool enables users to estimate enterprise value with their own key inputs and rating metrics. Nterprisers’ proprietary methodology uses comparable business sales transaction data: sales price, industry, and other attributes of companies sold from credible data sources on private companies sold.

This Value Estimation tool is available to the following users:

• All owners on the platform can estimate the value of their business privately in accordance with our Owner-First Commitment.
• Users with Investor access may estimate the value of any business on Nterprisers. These key inputs and rating metrics are NOT SHARED with other platform users.

The estimate derived from the Value Estimation Tool may vary from Ntry TM, estimates. Ntry™ Estimates are a starting point low-confidence estimate of a company’s enterprise value using Nterprisers’ proprietary methodology and automated insights on key inputs and rating metrics derived from publicly available information which may not always be comprehensive or complete.

You may claim your company profile if you are an owner of a private manufacturing business registered in Rhode Island with at least one manufacturing location in the state.

The owner to first claim the business can add other owners and users to Nterprisers and provide access.

If you are unregistered or are registered and waiting to be verified, you may search by Company Name.

• Search Tips for Search by Name
  • If the name has special characters like “&” or “.”, be sure to enter as is with spaces as needed or search by the exact legal name if you know it
• Advanced Search has the following options – Keywords and Filters
  • Access to filters varies based on subscription levels.

Search Tips

• Search by Keywords:
  • To search for profiles that contain the words machine OR tool, in the keyword search bar, separate them by comma as machine, tool
    
    
  • To search for profiles that contain the words machine and tool in the exact order, in the keyword search bar, enter it as “machine tool” in quotes
    
    
  • To search for profiles that have the words both machine AND tool, but not necessarily in that order, in the keyword search bar, enter it as machine AND Tool or machine+tool
    
    
  • To search for profiles that have the words machine but not tool, in the keyword search bar, enter machine–tool (minus sign), to reverse for profiles that have the word tool but not machine, enter tool-machine
• Search by Filters:
  • Select from the filters to the left and hit Go to activate your chosen filter
    • NAICS code: You may enter word(s) or a valid 3- or 6-digit NAICS number that starts with 31, 32 or 33. Or choose from the list in the drop-down menu
      
      
    • Location (County>Town) You may enter the name of a Rhode Island town, Rhode Island county or choose from the list in the drop-down menu

The Owner must first register and claim their profile before they can edit their profile. The owner will be directed to a dashboard where they can then proceed to validate and enhance the information on their company profile.

Certain Information on the profile from public records cannot be edited by the owner. However, the owner may request corrections or changes by submitting a change request when attempting to edit. Nterprisers may request additional information and supporting evidence before making the requested change. Nterprisers reserves the right to leave the information from government or town records unchanged if the owner provided information conflicts with these records and cannot be reconciled after reasonable efforts.

Once you have the required number of user licenses, you may add users directly from your dashboard on Nterprisers