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

What’s going ‘on’:

Sequestration already weighing on contractors: The federal government terminated 13,579 contracts in the fiscal year ending in September, more than double the number it cancelled in fiscal 2006, suggesting looming spending cuts may already be hurting government services firms.

New stop-gaps could help small contractors: Government officials are working on a number of agency-specific internal controls to ensure small businesses have a fair shot at landing contracts, hoping to reverse a years-long trend of failed benchmarks.

Keep an eye ‘on’:

Investors abandoning the new technology wave: Groupon has lost three-quarters of its market value since going public nine months ago, and the company’s primary early investors are pulling out, according to The Wall Street Journal. Coupled with the similar woes of fellow tech darlings Facebook and Zynga, the developments cast doubt over what was supposed to be the next big wave of American technology firms.

Helpful advice ‘on’:

How to reach out for funding (Open Forum)

How to land a celebrity customer (Entrepreneur)

How to avoid the pitfalls of hiring (Houston Chronicle)

How a nap room could improve your office (Mashable)