Small Business Labs

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U.S. Census Pulse Survey Shows Small Businesses Still Struggling

Small Business Labs

Census Small Business Pulse Survey for the week of June 14th to June 20th shows small businesses continue to struggle.      43% of the small businesses surveyed reported a decrease in revenue from the prior week while only 21% reported an increase. And the outlook for the future remains cloudy. 

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The Census Bureau's Small Business Pulse Survey is Back and Shows the Pandemic is Still Taking A Toll on SMBs

Small Business Labs

Census started a COVID-19 impact survey back in April to measure how the pandemic was impacting small businesses.    The weekly surveys ran until the end of June.   But after skipping 6 weeks, they're back  with what they are calling phase 2 of the surveys. The pulse survey is well worth following. 

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Using Satellite Imagery for Investment Analysis

Small Business Labs

But they've expanded their product line to include investment analysis.    According to their analysis traffic fell in both August and September, so October showed a positive turn around (and yes, the pun was intentional if not good).  and found that traffic to the stores increased modestly in October. 

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Using Digital Data For Economic Analysis

Small Business Labs

In our work we've seen a clear shift to using digital data and away from our traditional sources - surveys and government produced data. But we think in a few years our use of digital data will dwarf our use of surveys and government data. Yes, we still use traditional data sources more than digital data.

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Work is Going Hybrid and it Will Have Major Economic and Societal Impacts

Small Business Labs

According to a survey by the HR consulting firm Mercer , 73% of the firms surveyed plan to implement a hybrid work environment that includes both in-office and remote work. And a Gartner study found that 82% of executives surveyed plan on allowing employees to work remotely at least some of the time. 

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Do Uber Drivers Only Make $3.37 Per Hour? (The Quick Answer is No)

Small Business Labs

The only problem was their analysis was flawed, something they conceded this week.  It's a technical flaw, so we won't bother covering it here.   But our data - like the data used in the MIT study - was based on survey questions asking rideshare drivers what they estimate their hourly gross earnings to be.

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Using Big Data and Machine Learning to Improve Small Business Lending

Small Business Labs

According to the Federal Reserve of New York 2016 Credit Survey: Report on Startup Firms , 70% of young businesses say they need funding to grow. According to an analysis by Intuit of its early borrowers: 46 percent of QuickBooks Capital customers had never applied for a loan before.

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