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We have found the below 5 steps targeting business owners to boost their social media literacy - and boost their business!

1. Understand that relationships with customers, staff, suppliers, distributors and other business contacts extend beyond the four walls of your office. Whether you agree with the idea of social media or not, millions of people around the world use social networks every day and if you own a business, social media literacy is a must.

The Social Engagement reports allow you to see how people share content on your site via social actions. Examples of social actions on your site that can be tracked include Google +1 button clicks, Facebook 'Like' and 'Send' interactions, and Del.icio.us bookmarks.

Three reports help you analyze the sharing and social activity on your site.

See more at Google Social Engagement Analytics

Reports from the US say that Facebook is likely to go public in the first quarter of 2012, with an estimated IPO valuation of more than $100 billion. It is the most closely watched private companies in the world. Even a valuation at $100 billion is 50 times it's estimated revenue last year.