NEW YORK (MainStreet) -- What's happening in small business today?
1.Daily deals sites need a reboot. Daily deals promotions have become the norm for consumers to see in their inboxes and Facebook pages, but many small businesses say the deals are not worth the effort -- most lose money from them. A new batch of daily deal sites are looking to change that, including one called LevelUp.
2. Entrepreneurial lessons from Guitar Hero. Mashable has a Q&A with Charles and Kai Huang, founders of RedOctane, the publisher of Guitar Hero. Lessons from their experience in going into business for themselves: Make sure you control the whole product and don't need to rely on outsourcing certain components; keep careful watch over cash flow; don't overproduce; and finally, have some very close -- and rich -- friends.