Small Business Labs

JULY 26, 2021

The New York Times article More phone calls, less shopping: how the pandemic changed American lives, down to the minute examines data from the American Time Use survey to show the changes in how Americans spent their time last year.   This is up from 8 hours in 2019.

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Small Business Labs

OCTOBER 26, 2020

One of the more interesting findings of the MBO Partners 2020 Digital Nomad study is the large number of Americans who aren't currently digital nomads who say they want to be. As the article points out, we call these wannabes "armchair digital nomads" because most will not follow through and become digital nomads.  

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Small Business Labs

JULY 7, 2020

In early April, we released a 2020 small business closure forecast. employer small businesses will close in 2020.    Under the optimistic case, about 700,000 employer small business businesses would close in 2020.    As a point of comparison, in an average year about 8% of employer small businesses close. 

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Small Business Labs

AUGUST 17, 2021

The Rolling Stone article The Rosy ‘Creator Economy’ Is Music’s Biggest Lie discusses the dramatic lack of revenue for many artists involved in the creator economy.    Regarding the streaming platform Spotify, a key finding from the article states: “Spotify's site informs us that just 13,400 artists (0.2

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Small Business Labs

DECEMBER 8, 2010

Several good articles on the growing role women are playing in the economy this week.    Huffington Post's The Decade of the Women is Upon Us covers the She-conomy trend from the Intuit 2020 Report  and adds the very important point that women doing better does not mean men have to do worse. 

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Small Business Labs

JANUARY 6, 2021

Both the New York Times and the BBC have recent articles claiming that flying cars, in the form of flying taxis, will soon be common.    The picture below is from a 1917 newspaper article and shows the Curtis prototype, which, of course, never went into production.   And it could be true this time.

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Small Business Labs

APRIL 27, 2021

These results are similar but more negative than the 2020 MBO Partners State of Independence study results, which found 61% of independent workers said that COVID-19 set them back financially. The article also cited other problems that fashion freelancers face. The Vogue chart (click to enlarge) below shows the impact by issue.

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Small Business Labs

MAY 18, 2020

MBO Partners recently released its 2020 Client of Choice study results, which found that 7.6 And as we pointed out in last week's article Staffing to the Valley's, Not The Peaks , the demand for independent workers - and especially those with specialized skills - will likely grow even faster post-pandemic.

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Small Business Labs

NOVEMBER 25, 2019

"  Key article quote on the technologies: One day soon an emerging technology highlighted in this report will allow you to virtually teleport to a distant site and actually feel the handshakes and hugs of fellow cyber travelers.   Back in 2014, there were lots of forecasts that AI-based driverless cars would be common by 2020.

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Small Business Labs

NOVEMBER 2, 2021

million in 2020. 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.   A decade later, that had ballooned to more than 23,000 startups. Crunchbase data also shows that the average seed investment has grown from $1.7

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Small Business Labs

APRIL 6, 2021

  A quick summary of the article is if you're working remotely, it can be pretty complicated and potentially expensive from a tax perspective. Our work with MBO Partners has found that the number of digital nomads substantially grew in 2020 as more workers found themselves untethered from the office due to the pandemic.

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Small Business Labs

JANUARY 19, 2021

   In the Barron's article Poshmark CEO Sees Huge Market for Used Goods. 3%) to 10% in 2020.   Poshmark is a social e-commerce platform where people buy and sell secondhand goods, mostly used clothes.    It went public last week and closed its first trading day worth $3 billion.  

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Small Business Labs

FEBRUARY 13, 2020

.  The new funding will be used for expansion and the firm hopes to be in over 30 cities by the end of 2020. Landing is attempting to tap into the growing trend toward mobility and digital nomadism. 

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Small Business Labs

APRIL 16, 2020

On April 2nd we released a set of scenarios with estimates of how high the unemployment rate may go in 2020 due to the pandemic induced recession.    As we pointed out in our article on our forecast scenarios , the official unemployment rate may not reflect the actual unemployment rate during the pandemic. 

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Small Business Labs

DECEMBER 4, 2018

  For example, JLL is forecasting that there will be 13 million people working in coworking spaces in India alone in 2020. This is more members than we were projecting the entire world would have in 2020 just a couple of years ago.    As we said at the top of this article, we will continue our research on coworking.

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Small Business Labs

SEPTEMBER 28, 2017

Key quote from their article How to Position Your Company in the 3D Value Chain : In 2015, the entire 3D-printing market—which includes products made from plastics, ceramics, and metals—totaled $5 billion. BCG expects this market to triple by 2020. and reach $350 billion by 2035.

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Small Business Labs

OCTOBER 15, 2019

  This forecast assumes the economy continues to slow (2020 GDP in the 1.5%   We'll have our recession outlook in another article in the near future. .  We also expect the number of exits to continue to decline and drop below 1 million per year by 2021. 

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Small Business Labs

APRIL 7, 2020

employer small businesses will close in 2020 (2) (3).    (4) The scenarios are too long to fully cover in this article. Based on an industry by industry analysis (1), our base case estimate is 21% of U.S.   This is about 1.2 million small businesses.   Business closures are tracked by U.S.

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Small Business Labs

SEPTEMBER 16, 2013

Good article from JWT Intelligence on smart objects. A good example from the article is the smart beer bottle from Heineken. Cisco is forecasting that by 2020 there will be 50 billion "things" attached to the Internet. These are objects that have been enhanced by the addition of computers of some kind. Local Web/Tech'

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Small Business Labs

JULY 6, 2017

As the World Economic Forum article  The numbers that make China the world’s largest sharing economy  points out, China's sharing economy is large and growing rapidly. The Mastercard report is a little hazy about what they are including and not including in their sharing economy definition. industry is healthcare.

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Small Business Labs

NOVEMBER 12, 2013

The chart below, from the article, shows this data by various hours worked. Back in 2010 we forecast that women would reach earnings parity with men around 2020. In general women's earning continue to increase faster than men's and the male/female earnings gap continues to close.

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Small Business Labs

FEBRUARY 14, 2012

 A  recent Bloomberg article  suggests the U.S. will be the world's largest energy producer by 2020. The chart below, from a recent Wall Street Journal article on the growing natural gas glut , illustrated how quickly the U.S. .  Natural gas production is also booming and prices are falling.

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Small Business Labs

OCTOBER 19, 2015

  The article focuses on  Prime Produce , a New York city coworking collective. Again from the article: Prime Produce is exploring a model in which many members will be co-owners of a cooperative firm, which will manage the proceeds of their dues and pay rent to the sympathetic investors who own the buildings. 

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Small Business Labs

APRIL 13, 2012

Recent articles on this topic from the corporate point of view include: 1.  Also from Staffing Industry Analysts is an article on their new certification program for contingent workforce professionals. workforce will be contingent (we say independent) in 2020. .  Both studies focused on larger companies.

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Small Business Labs

MAY 24, 2011

.  According to the article: "The world will, for the first time in history, move from being mostly poor to mostly middle-class by 2022, the Organization for Economic Cooperation and Development projects."   The forecasts presented in this article are even more aggressive.    . 

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Small Business Labs

APRIL 7, 2014

   The article and report focus on 3 major drivers of the new manufacturing economy: 1.  This is expected to result in 50 billion objects being connected to the Internet by 2020. The meshing of the physical and digital worlds : This is due to the rise of the Internet of Things, which GE calls the Industrial Internet.

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Small Business Labs

JANUARY 8, 2013

The BLS recently released their Industry Employment and Output Projections to 2020. percent in 2020 from 6.3%   For more on this topic, see our 2009 article Self-Employment Not Falling. At first this seems somewhat counter intuitive.

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Small Business Labs

MAY 15, 2017

They asked this in response to a number of recent negative press articles on the gig economy.   What these articles miss is the trends driving this growth are powerful and, if anything, getting stronger.  It found that by 2020 about 1-5 workers at mid to large sized corporations will be contingent , up from 1 in 7 in 2016. 

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Small Business Labs

OCTOBER 25, 2016

  A growing pool of on-demand talent: Driven by the growth of contingent workers, projected to represent 43 percent of the workforce by 2020, small businesses have access to the right people at the right time in a flexible way, without the responsibility of hiring traditional employees.  This is a growth rate of 3.3%

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Small Business Labs

APRIL 2, 2012

The Contingent Workforce and Public Decision Making is an article in the Spring issue of Public Sector Digest. As Dana Shaw, a Senior Vice President for Staffing Industry Analysts, sees it, “Currently,the average mix of contingents in the Fortune 100 is 20-30 percent of the workforce, but it will evolve to 50 percent” by 2020."

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Small Business Labs

AUGUST 16, 2012

A recent Bloomberg article covers the likely positive impact abundant and cheap natural gas will have on the U.S.  According to the article, a recent study by Citicorp found that cheap natural gas will likely lead to a "reindustrialization" of America and "could add as many as 3.6 economy in the coming years.

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Small Business Labs

OCTOBER 15, 2013

The well known technology advisory firm Gartner has come out with a forecast saying smart machines will replace enough humans to cause high unemployment, social unrest and general societal tumult by 2020. It seems like every day a new article, forecast, book or opinion piece is released saying we're doomed because of automation.

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Small Business Labs

JULY 21, 2014

The New York Times article A Push to Give Steadier Shifts to Part-Timers covers the growing opposition to the practice of rrequiring workers to be “on call” at short notice or scheduling them for shifts and then sending them home if business looks light.    Labormetrics also allows firms to shift business risk to employees. This

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Small Business Labs

DECEMBER 3, 2013

The Forbes article Why Everyone Needs a Business Plan covers what we feel is a very, very important topic - that most Americans, at some point, will be self-employed.   Also, as the article points out, our research shows that by 2020 about half of all Americans will have spent time as an independent worker.

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Small Business Labs

DECEMBER 17, 2012

  For more on the report, see these articles: ZDNet: Intuit Aims to Give Small Business Spin to Big Data. This report is part of a broader Intuit 2020 research and forecasting series looking at the trends and shifts likely to impact small businesses and consumers over the next 5-10 years.

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2020 100

Small Business Labs

OCTOBER 29, 2012

The New York Time's article A Part-Time Life, as Hours Shrink and Shift covers employment changes in the part-time intensive retail industry.    The article touches on the growing use of scheduling software to optimize the number of employees on site based on anticipated retail traffic.

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Small Business Labs

JANUARY 10, 2011

  The first article, 7 Billion , covers the history of population growth and the major concepts of demography.    I highly recommend the article and I'm looking forward to the entire series.    We cover our view of what this will mean in more detail in the Intuit 2020 Report. 

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