Looking for a smarter way to participate in—and profit from—the group coupon craze? Check out what Portland, OR, restaurant owner Adam Milne has done. He’s put up ZapHour.com, an operator-friendly coupon deal site that gives restaurant owners greater control of the process. You can bet his much-larger competitors—Groupon and LivingSocial—are paying close attention. Milne says he thought about trying a Groupon deal for his two Old Town Pizza restaurants, but ...

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