Small Business Labs

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Led by Retail, The Surge in New Business Applications Continues

Small Business Labs

The industry with the highest number of applications in April was retail trade, with 96,000 applications.  Back in 2003-2007 80% of new retail trade business applications came from firms planning on hiring traditional employees.    In April, only 33% did.  

2003 175
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Coworking is Disruptive Innovation

Small Business Labs

is formed in a niche market that may appear unattractive or inconsequential to industry incumbents, but eventually the new product or idea completely redefines the industry. When we first started tracking coworking back in 2007 we thought it had the potential to disrupt the commercial office space industry.

2015 231
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The Amazing Growth of the Pet Industry

Small Business Labs

  First, the pet industry missed the Great Recession.    I can't think of many industries that had close to 20% revenue growth from 2007 to 2010.  .  The chart below shows the amazing growth of in the amount we spend on our pets. 

2007 100
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Dog Walking Company Wag Raises $300 Million

Small Business Labs

We've been writing about it's growing value since 2007.  Somewhat related, Franchise Direct released their 2017 Pet Franchise Industry Report last December.    It's full of interesting pet industry data including the chart below, which shows how the $70 billion pet industry revenue (2017) breaks down.

2017 155
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How Coworking is Changing Commercial Real Estate

Small Business Labs

Coworking has reached the size and scale where it's starting to have second order impacts on the broader real estate industry.  The retail real estate industry is also being impacted by coworking.    That potential is being realized and leading to broader changes in the real estate industry

2023 154
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U.S. Non-Profit Sector: Big, Growing and Mostly Comprised of Small Non-Profits

Small Business Labs

It employs about 10% of America's private workforce, making it the 3rd largest industry sector in America. Between 2007 and 2016, nonprofit employment grew by nearly 17% while for-profit employment grew by less than 5%. .  The quick summary is: The non-profit sector is big. The non-profit sector is growing.

2016 144
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Academic Studies Show Gig Economy Larger Than Government Data Suggests

Small Business Labs

This, of course, is not new news to those who have been following industry research on the gig economy.    For example, we reported in 2014 on our research that showed the questions asked in government surveys led to an underreporting of gig work. We

2017 206