Small Business Labs

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Professional Services Business Applications from Freelancers Continued their 2020 Surge in January.

Small Business Labs

In 2020 professional services applications from independent workers (freelancers, independent contractors, etc.) Most of the 2020 increase came in the second half of the year and continued into 2021, with professional services applications from independents increasing in January by a stunning 51% over January of 2020.

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Coworking Forecast - 26,000 Spaces and 3.8 Million Members by 2020

Small Business Labs

.  As the chart below shows, we expect the number of global coworking spaces will grow from a bit over 11,000 this year to just over 26,000 in 2020. million in 2020.  The number of spaces are forecast to grow 18% in 2020, down from a 41% growth rate in 2016. office market in 2020.  In the U.S.

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Small Business Closure Scenarios

Small Business Labs

Based on an industry by industry analysis (1), our base case estimate is 21% of U.S. employer small businesses will close in 2020 (2) (3).     Notes: (1) Our analysis looked at industry level historical closure rates (see the U.S.   This is about 1.2 million small businesses.  

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Gartner's Top Trends for 2017

Small Business Labs

These include: By 2020, 100 million consumers will shop in augmented reality. By 2020, 30% of web browsing sessions will be done without a screen, mostly due to voice interactivity. Gartner also released a 2017 Top 10 Strategic Predictions list.  It's quite interesting and the projections are also quite bold.

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Intuit Future of Small Business Report

Small Business Labs

Technological advances such as machine learning are taking the complexity out of data analysis, providing small businesses with the ability to make faster, better decisions. 

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Big Data Not Always So Big

Small Business Labs

  Also, the experts' usage of Big Data made it clear they include data analysis when they use the term. For more on Big Data and what it means for small businesses, see the Intuit 2020 report The New Data Democracy. Obviously datasets that can be analyzed using Excel are not too big for traditional IT tools.

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Disruption and the Analyst Industry

Small Business Labs

Reports and Resources Intuit 2020 Research Report Todays Hobbyists are Tomorrows Hobbypreneurs Homepreneurs: A Vital Economic Force Research Brief - Small Business Credit Outlook The Economic Stimulus Package: Whats in it for Growing Businesses? Carolyn is leading the coworking study and Steve is a member of the project team.

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