Myspace does not like to be used for small business networking, and I've heard stories of how people have been booted from there because someone detected a hint of business tendency on their page.
MySiteProfile is probably the best alternative that I can recommend. They encourage small business owners, though their interests are primarily graphic designers and web designers, and if you have a small business you are welcome to develop your own profile page. So far it is still very small, last time I checked it was about 175 good members. In such a case, it is very easy to be seen in the group, develop some new friends, and create an easily found profile.
It is free to join, and there are no ways to earn money by recommending your friends, but the pages are very easy to set up (mine turned out beautifully in just a short while) and it will give you additional external links to drive traffic and improve your google rankings.
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