Small Business Labs

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America's Growing Diversity

Small Business Labs

According to the 2020 census, between 2010 and 2020 the white population in America declined  by 5.1   The article point out that white population declines were geographically widespread.    The article point out that white population declines were geographically widespread.  In 2020, 33.8

2020 250
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Number of U.S. Nonemployer Businesses Continued to Grow in 2018

Small Business Labs

   From 2010 to 2018 the number of nonemployer businesses has grown at an average annual rate of 2.53%. between 2010 and 2018 and reached 3.1   The Forbes article Growth Of Million-Dollar, One-Person Businesses Accelerates goes into detail on an even higher earning segment - those reporting revenue of $1 million plus. 

2018 278
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1 in 8 Consumers Forecasted to Cut or Eliminate Cable TV in 2010

Small Business Labs

Defining Small Business Innovation 2010 Top 10 Small Business Trends Intuit Future of Small Business Resources The Changing Face of Entrepreneurs The Connected World of Entrepreneurs Disclosure Policy Emergent Research works with corporate, government and non-profit clients.   The main driver for this shift is price. 

2010 100
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The Explosion in Seed Round Funding

Small Business Labs

Crunchbase's How Seed Funding Has Exploded In The Past 10 Years reports that: Fewer than 3,200 companies received seed funding in the period between 2006 and 2010. The article points to the launch of Amazon Web Services in the mid-2000s, which made it cheaper and easier to start a software company, as a driver.  

2006 143
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Kauffman Foundation Indicators Show U.S. Entrepreneurship Near 20 Year High

Small Business Labs

But after peaking in 2010, it declined until 2013 and then started to increase again.  34 in the peak years of 2009 and 2010. We'll explain why in a future article.  The most interesting finding from the new indicators is that early stage entrepreneurship was near a 20 year high in 2017. 

2017 170
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The Growing Silicon Prairie

Small Business Labs

The article stresses how much lower the cost of doing business - and living - is in the Midwest. But as the article chart below points out, the Midwest is also an economic powerhouse that has traditionally been undervalued by the tech industry. While we very much liked The Hustle's article, we have one quibble.

2010 134
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Our Updated Small Business Closure Forecast is More Optimistic, But Still Grim

Small Business Labs

  And in 2010, the peak of the last recession, 10% closed.     For more on the forecast scenarios and methodology, see our April 7th forecast article.   .  Under the optimistic case, about 700,000 employer small business businesses would close in 2020.    

2020 193