) -- What's happening in small business today?

1. Get $50,000 for being a start-up in Providence, R.I.

Start-up accelerator Betaspring is offering $50,000 for

tech start-ups

that establish themselves in

Providence, R.I.

Of course, there is a catch. According to TechCrunch, businesses must go through Betaspring's 12-week startup accelerator program to be eligible.

2. Is your business ready for Cyber Monday?

Getting past Black Friday might be one thing, but is your business ready for the onslaught of potential customers on

Cyber Monday


Small Business Trends

suggests four ways to

win customers

Nov. 28.

3. Small-business owners don't use direct deposit for payroll.

Approximately two-thirds of small-business owners recently surveyed by electronic payments association




, a coalition of businesses, banks and payment processors, do not use direct deposit for their payroll.

Nacha -- as well it might, considering its role in the industry -- says this is a mistake. Direct deposit can save businesses thousands of dollars each year, increase employee satisfaction and reduce a business' environmental impact, the association says.

Small businesses pay an average of 96 vendors by check each month, it says, and the cost of cutting a check can be up to $2 for businesses vs. 35 cents or less for direct deposit. Using that math, business with 25 employees would save at least $2,000 a year, while a business with 100 employees would save at least $7,000.

-- Written by Laurie Kulikowski in New York.

To follow Laurie Kulikowski on Twitter, go to:!/LKulikowski

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