Small Business Labs

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COVID-19's Huge Financial Impact on Cities

Small Business Labs

cities are required by charter to run a balanced budget. This   Examples include advertising agencies and marketing firms, professional services providers and cities, which rely in part on sales tax and consumer use fees for much of their budgets. So the budget cuts have already started. Also, about 1.5

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It's Time to Upgrade U.S. Economic and Labor Statistics

Small Business Labs

Before we go into them, it's important to note both sources state the biggest problem is we've been cutting the budgets of our statistical agencies for years.  Years of budget constraints have left U.S.   This has hamstrung their efforts to develop new and better approaches to collecting and disseminating data.

Agencies 200
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CNBC's Ultimate Side Hustle Guide for 2021

Small Business Labs

Figure out when and where you will run your side-hustle  How to develop a budget and financial plan. .  The guide's topics include:   Which side-hustle you should launch? How much will a side gig cost you? Getting a side hustle started. Don’t forget tax planning. Create a simple record-keeping system.

2021 266
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Poverty in America

Small Business Labs

The reason is the "official" poverty measure was designed in 1963 and defined as three times the "subsistence food budget" for a family of any given size. Because of data limitations, the "subsistence food budget" was based on 1955 data on food consumption. 

2017 133
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Digital Marketing Success Remains Elusive for Most Small Businesses

Small Business Labs

But at least Wanamaker (assuming he said it) felt half his advertising budget was worth it. .  A century ago department store pioneer  John Wanamaker famously may or may not have said "half the money I spend on advertising is wasted; the trouble is, I don’t know which half.”.

2018 183
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More Americans Facing a Rent Burden

Small Business Labs

These households have little to no financial slack in their budgets, which means even minor financial shocks have a major impact. In 2015 7 million of renter households were severely burdened, which is defined as spending more than half of their income on rent.

2001 169
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Study: Many Corporations Converting Traditional Jobs into Freelance Roles

Small Business Labs

About half of the respondents said they've increased budgets for their training and reskiling programs. .  In response, corporations are looking far and wide for needed talent. 74% of those surveyed believe the right person for the job may be an employee, contractor or contingent worker from anywhere in the world.

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