BUSINESS SALES BOOM
Sales of small businesses soared nearly 62 percent in the second quarter, a reflection of an improving economy and financing that's easier to get.
That's the finding of a report by BizBuySell.com, an Internet site where businesses are bought and sold. The big jump from the second quarter of 2012 followed a 55.7 percent increase in sales in the first quarter. Sales rose 43.4 percent in the fourth quarter of last year, and 2.8 percent in the third quarter.
The latest increase was the largest since the middle of 2008, when sales hit bottom during the recession.
Baby boomers who want to sell their companies so they can retire remain one of the big drivers behind the increase in sales, BizBuySell.com said. The company also sees an improvement in small businesses' finances, which makes it easier for owners to sell and to get the prices they want for their firms. Buyers are finding it easier to get financing, the company said.
"With the economy improving, small business performance rising and acquisition funding becoming more available, the stars are aligning for these buyers and sellers," said Curtis Kroeker, a general manager at BizBuySell.com.
HEALTH CARE WEBSITE
Small businesses can get information about the changes in the health care law and the market for health insurance in a new website, http://healthcoverageguide.org
The website, created by the advocacy group Small Business Majority, has sections designed to help small business owners understand the Affordable Care Act and the options available to them. It also contains a reference guide explaining different types of insurance and health care benefits. It also has tools including checklists to help owners as they go through the process of obtaining coverage for their companies.
The Small Business Administration's website also has a section devoted to the health care law. It also has information about the ACA and small business options, and will direct business owners to health insurance programs and exchanges in their states. You can visit it at www.sba.gov/healthcare
You can learn about using social media like YouTube and Facebook to promote your small business at a two-part online seminar being presented by SCORE, the organization that offers free advice to small businesses. The seminar will also discuss blogging. The first part of the seminar will be held Wednesday, July 17 at 1 p.m. Eastern time. You can register at http://tinyurl.com/lm8b279
The second part will be held Thursday, July 18 at 1 p.m. Eastern time. Register at http://tinyurl.com/mole5j7