Small Business Labs

JANUARY 17, 2017

Tomorrow Becky McCray  is hosting a webinar of 2017 rural and small town trends.    Becky is the founder and publisher of the rural small business site Small Biz Survival. It's our"go to" site for information on rural and small town businesses and we highly recommend it.

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Small Business Labs

MAY 27, 2020

Census,  the number of   nonemployer small businesses increased to 26,485,532 in 2018, up 3% from 2017.  million in revenue in 2018 rose to 41,666 in 2018, according to just-released Census  data , up from 39,494 in 2017 and up from 26,744 in 2011—a nearly 48% increase.  According to the  U.S.

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Small Business Labs

JANUARY 23, 2017

The RideShare Guy released their  2017 Survey Results: Driver Earnings, Satisfaction and Demographics.    It has lots of interesting data on those who drive for services like Uber and Lyft.    One of the most interesting findings is Lyft drivers are much more satisfied than Uber drivers. More

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Small Business Labs

MAY 25, 2021

billion in 2017 and just $34.4 Data from the IRS shows that sole proprietor small businesses spent $69.2 billion on contract labor in 2018 (the most recent data available).    Contract labor refers to nonemployee labor, such as freelancers, gig workers, etc. This is up from $64.8 billion in 2010. billion in 2010 to $97.9

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Small Business Labs

OCTOBER 29, 2018

The Word We Love to Hate is Gaining Popularity Across the Globe : according to new SAP Concur travel and expense data gathered between January 2017 and December 2017. bleisure” trips increased by 20% from 2016 to 2017. And during this time, more than 2.2 " These locations are not surprising.

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Small Business Labs

SEPTEMBER 28, 2020

But as we pointed out in our 2017 article 3D Printing Moving Past Prototyping to Large Batch Manufacturing , even in 2017 3D printing had become an important vertical market manufacturing technology.  Soon, they were to be nearly as commonplace as smartphones. Needless to say, that futuristic vision  didn’t pan out.

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Small Business Labs

JUNE 17, 2021

But as we said in our 2017 article Flying Cars May Finally Happen , non-nuclear flying cars may finally take off over the next decade. .  Our favorite example is Smithsonian Magazine's 1955 article predicting nuclear powered flying cars would be common by 2000.  But there's still a ways to go.

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Small Business Labs

APRIL 10, 2018

Liquidspace's Q4, 2017 U.S.   JLL also has a very cool video illustrating the growth of flexible workspaces from 2010 to 2017.  Flexible Office Report covers the continued growth of coworking and other forms of flexible offices. So JLL could easily be right. 

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Small Business Labs

MARCH 5, 2019

The indicators cover the time frame from 1996 to 2017 and will be updated annually. The most interesting finding from the new indicators is that early stage entrepreneurship was near a 20 year high in 2017.    In 2017 this worked out to be.33%   In 2017 this worked out to be.33% This is just shy of the.34

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Small Business Labs

FEBRUARY 14, 2017

They are forecasting this will grow to $57 billion in 2017.  In terms of the potential on-demand consumer market, BIA/Kelsey estimates the 2017 U.S This means they believe on-demand companies targeting consumers and households will serve about 7% of their potential market in 2017.  households.

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Small Business Labs

NOVEMBER 1, 2018

Census Bureau released the Supplemental Poverty Measure: 2017. of Americans lived in poverty in 2017, which is statistically the same as in 2016. The chart below shows how the both the official and supplemental poverty rates from 2009 to 2017. In September the U.s. It reports that 13.9%

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Small Business Labs

MAY 18, 2020

Another important study finding is between 2017 and 2019, the proportion of independent professionals who said they have a lot of choice in picking their clients jumped from 48 percent to 58 percent.    The study was done before COVID-19, which has obviously changed things.

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Small Business Labs

JULY 8, 2019

Census, the number of   nonemployer businesses in 2017 increased to 25,701,671, up 3.6% According to the  U.S.   Nonemployers are businesses that have an owner, but don't have paid traditional full or part-time employees (W2 employees). The data comes from tax records.

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Small Business Labs

JULY 12, 2018

million in 2017.  million Americans in 2017 to 14.9 million in 2017. The study's top line finding is despite low unemployment and a strong traditional job market, the number of independent workers increased to 41.8 million, up from 40.9 The number of Occasional Independents increased from 12.9 million in 2018.

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Small Business Labs

MAY 29, 2018

The Board of Governors of the Federal Reserve System (The Fed) recently released their 2017 Report on the Economic Well-Being of U.S.   We'll have more from the 2017 Report on the Economic Well-Being of U.S. Households. This report "examines the economic well-being and financial lives of Americans and their families."

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Small Business Labs

DECEMBER 18, 2017

.  As the chart below (click to enlarge) shows, we’re forecasting that the number of global coworking spaces will grow from 14,411 in 2017 to just over 30,000 in 2022. million in 2017 to 5.1 For those with a statistical bent, this is an average annual growth rate of 16.1%. million in 2022.

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Small Business Labs

JANUARY 7, 2019

The Federal Reserve itself, in their 2017 Report on the Economic Well-Being of U.S. The BLS 2017 Alternative Employment Arrangement Survey results even showed the share of U.S. ."  The chart below (click to enlarge), taken from the study presentation , shows the types of gig work performed and the importance of gig income.

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Small Business Labs

SEPTEMBER 26, 2018

It generated a lot of media attention, most of which focused on the data showing the average rideshare driver's earnings per month declined 53% between 2013 and 2017 (click on the chart to enlarge). Yes, the study did find that the monthly earnings for the average gig worker driving people or goods decline by 53% between 2013 and 2017.

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Small Business Labs

DECEMBER 9, 2019

safety report that provides details on the number of sexual assaults, murders and fatal crashes that occurred through its platform in 2017 and 2018. Key quote from the Safety Report: "The Uber-related motor vehicle fatality rate for 2017 was 0.59 But that's starting to change.    Last week Uber released a U.S.

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Small Business Labs

FEBRUARY 1, 2018

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.   

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Small Business Labs

JUNE 13, 2017

MBO Partners released their 2017 State of Independence report today. In 2017, the total number of independent workers (self-employed, freelancers, independent contractors, etc.) million in 2017.   In 2017 the share of full-time reluctants declined to its lowest level of 24%, down from 26% in 2016 and 34% in 2012. 

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Small Business Labs

JULY 25, 2017

This data comes from Accenture's Digital Health Vision 2017. This report is based in part on Accenture's broader Technology Vision 2017 study. This study contained one of the most aggressive forecasts we've seen on the gig economy.

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Small Business Labs

AUGUST 29, 2019

The CFPB's 2017 study also had similar findings.  The chart below (click to enlarge) is from the study's research brief, The Financial Well-Being of Independent Workers. It shows that, on average, independent workers and those with traditional jobs report similar levels of financial well-being.

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Small Business Labs

APRIL 4, 2019

percent market share and 7 percent growth over 2017.  craft breweries increased from 6,490 in 2017 to 7.346 in 2018. Key quote: In 2018, small and independent brewers collectively produced 25.9 million barrels and realized 4 percent total growth, increasing craft’s overall beer market share by volume to 13.2 The number of U.S.

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Small Business Labs

MAY 8, 2018

  This is shown in the data on reluctants from the 2017 MBO Partners State of Independence study.  The share of reluctant independents fell to 24% in 2017, down from 26% in 2016 and 34% in 2012. So clearly reluctants are taking advantage of the strong job market to return to traditional employment.

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Small Business Labs

JULY 13, 2017

million people—will use a sharing economy service at least once in 2017.           Equally impressive are their 2017 numbers for Uber and Airbnb.            Equally impressive are their 2017 numbers for Uber and Airbnb.  " This is up from 44.8

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Small Business Labs

JULY 13, 2020

Census data, the number of white Americans fell by close to 100,000 in 2016 and continued falling in 2017 and 2018.   According to U.S.    As the Brookings' chart on this data below (click to enlarge) shows, the white population change in the U.S. has been declining for several decades. 

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Small Business Labs

DECEMBER 18, 2017

.  As the chart below (click to enlarge) shows, we’re forecasting that the number of global coworking spaces will grow from 14,411 in 2017 to just over 30,000 in 2022. million in 2017 to 5.1 For those with a statistical bent, this is an average annual growth rate of 16.1%. million in 2022.

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Small Business Labs

OCTOBER 24, 2017

Also, serviced office provider Regus lost one third of their market value after announcing that their operating profit for 2017 would be “materially below market expectations”.    But it also mentions WeWork's revenue was $436 million last year and they are exiting 2017 with an annual revenue run rate of over $1 billion.

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Small Business Labs

JULY 22, 2020

   In our Top 10 Small Business Trends of 2017 we wrote: Platforms have become so important that small businesses need a platform strategy. But small businesses in the FBA program now have to contend with both Amazon and Thrasio - as well as potentially a number of Thrasio imitators.  

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Small Business Labs

FEBRUARY 2, 2021

  Key quote: On Patreon, only 2% of creators made the federal minimum wage of $1,160 per month in 2017. This article points out one of the issues facing the creator economy is while a few creators make lots of money, most make very little.  On Sportify. the top 43,000 artists — roughly 1.4%

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Small Business Labs

JUNE 26, 2017

As the chart below (click to enlarge) from the Axios article Venture Capital Investment in AI skyrockets shows, VCs have continued to pour money into AI in 2017. VC investments in artificial intelligence (AI) and machine learning more than doubled in 2016, according to the National Venture Capital Association.

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Small Business Labs

JUNE 20, 2017

By 2017 this grew to 20%. This has increased from just 4% in 2012 to 25% in 2017. As the blue bars in the chart below show (click to enlarge), only 3% of independent workers reported using online talent marketplaces to find work in 2012.  This indicates that 2018 will again see an increase in the usage rate.

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Small Business Labs

JANUARY 9, 2018

spaces over the forecast period (2017 to 2022) is, by coworking's standards, a relatively modest 9%.  coworking forecast projects continued growth for the U.S. coworking industry over the next 5 years.    Our forecast average annual growth rate for U.S. over this time frame.

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Small Business Labs

JANUARY 14, 2020

Key quote from the Johns Hopkins report: " the Federal Tax Cut and Jobs Act passed in December 2017 included several items that could have a negative effect on nonprofits’ ability to generate private donations. .  One issue may detract from the continued growth of non-profits is changes in tax laws.

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Small Business Labs

APRIL 2, 2018

  From 2009 to 2017 the number of U.S. But as NPR's  Why The Number Of Independent Bookstores Increased During The 'Retail Apocalypse'  reports, despite Amazon and other challenges independent bookstores are having a bit of a renaissance.  independent bookstores increased roughly 40%. 

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Small Business Labs

OCTOBER 3, 2017

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.

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