Small Business Labs

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Bankrate's Side Hustle Survey

Small Business Labs

Interesting survey resluts from Bankrate on side hustles.    According to their findings: nearly half of working Americans (45 percent) surveyed reported having a side gig in addition to their primary job.    48% of millennials, 39% of Gen Xers and 28% of Baby Boomers reported having side gigs.

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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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Accountants Save Small Businesses Time, Money and Stress at Tax Time

Small Business Labs

According to a recent Intuit survey , about 60% of small businesses with fewer than 20 employees use outside accountants to help them with their taxes.    The study chart below shows the answers given by the survey respondents.   The study chart below shows the answers given by the survey respondents.

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

Small Business Labs

  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. It's well known that people often misstate their earnings (intentionally and unintentionally) on surveys, which makes this data imprecise at best. 

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SCORE's Small Business Jobs Report and the Gig Economy

Small Business Labs

of businesses surveyed reported replacing employees (of any type) with contractors over the past six months. Most people we talk to think cost is the main reason people use gig workers.  47% of non-employer/solopreneur firms reported hiring part-time workers and/or contractors to help run the business, for an average of 3.2

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COVID-19's Huge Financial Impact on Cities

Small Business Labs

 This means revenue shortfalls have to be met with cost-cutting. The NLC survey shows that 74% of cities have started to cut their budgets, with 20% reporting across-the-board reductions.    Unlike the federal government, most U.S. cities are required by charter to run a balanced budget. This Also, about 1.5

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The K-Shaped Recovery

Small Business Labs

Chamber of Commerce article The K-Shaped Recovery and the Cost of Inaction.  According to an NPR survey and covered in their article Nearly Half Of U.S. The K-shape is driven, in part, because industries that employ high percentages of low and moderate wage jobs are not recovering as quickly as other industries.

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