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

What’s going ‘on’:

Small business spirits are improving: One third of small firms are in better shape than they were a year ago, and four out of 10 report positive business conditions, according to a new report by Citibank. Adaptation has proven critical, as more than half of owners said they have reinvented their business in order to stay afloat.

House takes up Startup Act 2.0: House Democrats and Republicans have teamed up to introduce the Senate’s Startup Act 2.0, which would ease immigration restrictions to help American firms find the talent they need. The bill would also create a new category of visa for immigrants who start companies and hire workers in the United States.

Napster founders reunite on Airtime: Napster founders Sean Parker and Shawn Fanning are teaming up once again on a new social video-sharing platform called Airtime. The product is a real-time video chat network that integrates with Facebook, for which Parker was an early investor and the first company president.

Keep an eye ‘on’:

Fed reports modest hiring growth:The economy grew at a steady though moderate pace this spring, according to a Federal Reserve survey released Wednesday. Economists say the largely positive survey will makes it less likely the central bank will take further action to lift the economy in the coming months.

Women-owned businesses showing signs of recovery: Compared with their lowest points during the recession, nearly half of women business owners report that they are currently increasing their number of employees, according to a new study from the NFIB, Chase Card Services and the Center for Women’s Business Research.

Helpful advice ‘on’:

How to network more effectively (OSB)

How to ensure a great company culture (Inc.)

How to manage all your remote employees (Time)

How to avoid wasting time in business (Open Forum)

How to know when to replace computers (Entrepreneur)