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.

3. Five tips for raising money through crowdfunding.

Crowdfunding

is an online source for obtaining small investments through several investors. The strategy is ideal for businesses that have limited financial goals or is a niche project. The National Federation of Independent Business offers five tips to get financed through crowdfunding.

-- Written by Laurie Kulikowski in New York.

To follow Laurie Kulikowski on Twitter, go to:

http://twitter.com/#!/LKulikowski

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