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December 17, 2012
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Stories from the Street 
  • For N.H. rug shop, it's all in the family
    Sy Mahfuz, who worked at the family rug business in Nashua, N.H., while he was still in school, took over at age 25 after his father died. Although he would have liked to have gone to college, higher education isn't necessary for success, he said. "I think what you have to do is have passion, commitment and an innate understanding of business." A few years ago, when Mahfuz was thinking of selling, his children got involved with the business as well. The Union Leader (Manchester, N.H.) (12/15) LinkedInFacebookTwitterGoogle+Email this Story
Caring for Customers 
  • Why social media is essential for small-business recommendations
    Small businesses need to get serious about promoting themselves via social channels to generate customer buzz and recommendations, writes Madison Jacobs. Coming up with sharable content and engaging customers in meaningful conversations is a great way for SMBs to get a jump on their larger competitors, Jacobs writes. "Simply put: customers are going online to discover, qualify and purchase products so small businesses need to be there too," she adds. (12/12) LinkedInFacebookTwitterGoogle+Email this Story
Keeping Shop 
  • How business owners can prepare the next generation of employees
    Children today are getting an early introduction to the issues of the world, so it's important to show them the positive side of capitalism, writes Martha Finney. "You can start preparing those kids now with not only the skills and attitudes they need to be happy, successful individuals, but also the basic philosophical foundations that will create cheerleaders of free enterprise," she writes. Think about working with local schools and teachers, she recommends. SmartBrief/SmartBlog on Leadership (12/7) LinkedInFacebookTwitterGoogle+Email this Story
  • Why the best leaders avoid the spotlight
    Self promotion isn't hard, but it's not necessarily effective either, Jeff Haden writes. Instead of boasting about your own accomplishments, it's a better idea to highlight the contributions of those around you, he writes. It's a good idea to write blog posts about your customers and to let your employees take the lead in certain meetings, he writes. "Everyone already knows you're in charge; the fact that your employees get things done reflects well on you." Inc. online (free registration)/Owners' Manual blog (12/13) LinkedInFacebookTwitterGoogle+Email this Story
Managing the Money 
  • How to take a vehicle deduction
    It's important to supply the necessary documentation if you want to take a vehicle deduction, Bonnie Lee writes. The best approach is to record your vehicle's odometer reading at the beginning and end of the year, she writes. "Remember, if you work from a home office, your business mileage begins in your driveway. Trips to the office supply store, to visit clients or to attend business meetings are all deductible," she writes. Fox Business Small Business Center (12/14) LinkedInFacebookTwitterGoogle+Email this Story
  • Do you need insurance to guard against online attacks?
    Small businesses such as law firms or accounting agencies are vulnerable to hackers, Ryan Hanley writes. Some companies are offering cyberliability insurance policies to mitigate the risk posed by online attacks, but it's important to do your homework before buying coverage, he writes. "Talk with your insurance professional in depth to make sure you understand what you are purchasing." Small Business Trends (12/13) LinkedInFacebookTwitterGoogle+Email this Story
Tips & Tools 
News You Can Use 
  • Crowdfunding rules continue to await finalization
    The U.S. Securities and Exchange Commission is still working on rules to allow business owners to raise money through equity crowdfunding, and it isn't expected to make a January deadline. Questions remain about how investors will be informed about the risks of crowdfunding and how oversight agencies may be involved. The Wall Street Journal (12/12) LinkedInFacebookTwitterGoogle+Email this Story
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Top five news stories selected by SmartBrief on Main Street readers in the past week.

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Being part of the community is absolutely vital to any successful organization."
--Sy Mahfuz, owner of Persian Rug Gallery in Nashua, N.H., as quoted by The Union Leader
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