Small Business Labs

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Led by Retail, The Surge in New Business Applications Continues

Small Business Labs

Back in 2003-2007 80% of new retail trade business applications came from firms planning on hiring traditional employees.  In addition to the surge, both charts also illustrates the longer-term shift away from shift employer business applications (high propensity applications, in yellow) and towards applications from solopreneurs.

2003 175
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The Post Millennial Generation

Small Business Labs

  They also point out the "always-on" nature of technology that more or less started with the release of the iPhone in 2007. Key quote: "The iPhone launched in 2007, when the oldest post-Millennials were 10. ." These include the 9/11 terrorist attack, the Middle Eastern wars and the Great Recession. 

2007 174
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Coworking is Disruptive Innovation

Small Business Labs

When we first started tracking coworking back in 2007 we thought it had the potential to disrupt the commercial office space industry. Repeating a quote from our post yesterda y: Everything that we know about landlords and how workplaces are designed, built, managed and staffed is being disrupted. It's now clear it's doing so.

2015 231
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Number of Minority Owned U.S. Small Businesses Growing Rapidly

Small Business Labs

As their chart below shows, between 2007 and 2017 the number minority owned SMBs have grown by 79% reaching 11.1 According to research from The Business Journals SMB Insights group the number of minority owned small businesses in the U.S. is growing much faster than overall small business growth rate. overall growth rate for U.S.

2017 165
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Non-Profit Sector Big and Growing Faster Than Overall Employment

Small Business Labs

  As the report chart below shows, from 2007 to 2016 (the most recently available data) employment in the non-profit sector grew nearly four times faster than the for-profit sector.  .   As the study chart below shows, this makes the non-profit sector as big in terms of employment as the U.S. manufacturing sector.

2016 162
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Kauffman Foundation Indicators Show U.S. Entrepreneurship Near 20 Year High

Small Business Labs

We first reported on the old Kauffman Index back in 2007 and have followed it every since. The indicators cover the time frame from 1996 to 2017 and will be updated annually. They replace the Kauffman Index, which was also on entrepreneurial activity but not as data intense. We will, of course, continue to follow the new indicators.

2017 170
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The Rise of Small "Speed Factories"

Small Business Labs

One of the first articles we wrote on Small Business Labs back in 2007 covered this trend.  Markets are moving more quickly than in the past, making time to market an increasing important competitive metric. Local markets are increasingly different and need customized products. None of these trends are new.

2007 145