Get started ‘On’ June 13: Romney outlines health care alternative, FTC levies first penalty for selling social media data

Our daily blend of the latest news, trends and tips for the small business community.

What’s going ‘on’:

Romney outlines his health care alternative: Ahead of the Supreme Court’s call on Obamacare, Mitt Romney on Tuesday fleshed out a plan to apply free-enterprise principles to the health-care system, with the idea that competition will drive down prices and increase quality. He also promised his plan would still cover people with preexisting conditions, one of the more popular components of Obamacare.

FTC assesses first online data fine: The Federal Trade Commission fined California-based data collector Spokeo $800,000 on Tuesday for compiling and selling individuals’ personal information for employers vetting job candidates. The deal marks the first time the FTC has addressed the sale of Internet and social-media data for employment-screening purposes.

Study: Entrepreneurs make better VCs:Not entirely surprisingly, entrepreneurs who have founded their own companies make for much more effective venture capitalists later in life than those without that experience, according to new research. The study found that the fraction of entrepreneur venture capitalists within a firm is positively related to the firm’s IPO market share and IPO exit rate.

Keep an eye ‘on’:

Small business optimism remains low:The National Federation of Independent Business’s small business optimism index held nearly steady at a dismal 94.4 last month, down a tenth of a point from the reading in April. Even an increase in hiring plans was overshadowed by reported struggles finding qualified applicants.

Hawaii legislation threatens small businesses:Hawaiian small firms could face serious staffing troubles should the governor sign a pending measure requiring employee-staffing firms to pay new hefty registration fees and obtain $500,000 bonds, according to new report. The companies often provide payroll and employee support for small businesses.

Helpful advice ‘on’:

How to check the SEO health of your Web site (OSB)

How to raise money through crowdfunding (Mashable)

How to choose your entrepreneurial type (Mail Tribune)

How to bring innovative ideas to life (Open Forum)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.

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