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Bad news just in from BizExchange: it seems that private company values are on the fritz, According to the BizExchange Index, fiscal reporting for the second-quarter of 2012 shows an increased number of failed businesses, while the number of businesses put up for sale dipped slightly over the first-quarter. In short, it looks like gloom and doom are in the forecast.
According to the latest BizExchange Index, the volume of businesses for sale is expected to increase in the future as many business owners seek retirement. However, younger generations seem unable to come to the party, already heavily in debt and are unable to access their superannuation.
Despite a lower number of businesses offered for sale, private business values were relatively stable in the final quarter of 2010, according to the latest BizExchange Index.
Although market confidence jumped towards the end of 2010, the September quarter revealed business values holding steady, according to the latest survey from the BizExchange Index, which measures private business value. The group expects the Australian economy to stay relatively flat for the next 6-12 months, continuing its general forecast.
The value of Australia's private businesses are stuck in neutral as the global economy continue to grind its gears, according to a quarterly study.
Online business trading site BizExchange recently published its 2009 fourth quarter findings Index for Australian Private Business Values. Overall market sentiment surged for the second quarter running – in contrast to the lows experienced nine months previously – and has reached its highest levels since the Index survey began in 2006.