Small Business Labs

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The Long Term Shift in Business Applications to Solopreneurs

Small Business Labs

But as the chart below shows (click to enlarge), by 2015, 57% of new applications were from solopreneurs (orange in the chart).    See this article for details on the business formation statistics and the 2020 surge in new business applications.   The data comes from the U.S. .    

2020 281
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Braintrust - a Coop Online Freelance Talent Marketplace

Small Business Labs

  In 2014- 2015 the concept of "platform cooperatisim" was widely discussed in sharing economy circles.   And, like Braintrust, the article argued that coops would provide workers with more income and control.     Establishing a coop online talent marketplace is not a new idea. 

2016 205
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Ride Sharing Continues Rapid Grow

Small Business Labs

By comparison, just 15% of Americans said they had used these services in late 2015, and one-third had never heard of ride-hailing before."   But as the article chart below shows, ride sharing use is common across most age, income and educational cohorts. Key quote: " a mere 4% of the U.S.

2015 164
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Small Business Closure Scenarios

Small Business Labs

   By way of comparison, the SBA chart below shows small business closure and startup rates between 1990-2015.      On average about 8% of small businesses closed each year between 1990 and 2015 and 10% closed at the height of the Great Recession in 2009. Business closures are tracked by U.S.

2015 190
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After a Decade of Strong Growth, Craft Brewing Industry Shows Signs of Slowing

Small Business Labs

Volume sales growth slowed from 13% in 2015 to 6% and sales growth declined from 16% in 2015 to about 10% in 2016. million barrels of beer in 2015. This was about 5% of the entire craft beer production in 2015.  .  More impressively, craft and micro brewers 2016 sales totaled $23.5 billion, which was 21.9%

2016 180
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The Number of STEM and Accounting Grads Rapidly Increasing.

Small Business Labs

Emsi's article  STEM Majors Are Accelerating in Every State, Just as Humanities Degrees Are Declining covers the rapid increase in the number of college student graduating with STEM (science, technology, engineering and math) majors. The article also points out the number of humanities graduates has slightly declined.

2015 134
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Coworking is Disruptive Innovation

Small Business Labs

  But as Christensen points out in his 2015 HBR article What is Disruptive Innovation : as incumbents focus on improving their products and services for their most demanding (and usually most profitable) customers, they exceed the needs of some segments and ignore the needs of others.

2015 231