Do EU’s small businesses lag behind their US counterparts?

Forty-three percent of small business owners consider business conditions to be positive, according to the latest Citibank small business survey released today. This is a significant increase since August 2010, when 24% of small business owners surveyed reported overall positive business conditions. A majority of respondents (53%) say they have reinvented their business “to stay afloat or competitive.” This strategy is reinforced in the current competitive climate that 38% of respondents describe as “extremely intense.” Comments anyone?

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