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Your Business Failed, What’s Next?

Success

Analyzing what went wrong with your failed business idea and why your efforts weren’t successful is the most productive and fruitful part of a failure. For example, Elance-oDesk VP Matt Cooper learned from his first failed venture that he had a tendency to move too quickly with business ideas. These habits could hold you back.

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Businesses Hiring More Freelancers

Small Business Labs

No doubt not by coincidence, the company that sponsored this research - Elance  - recently announced a tool to help mid-sized companies do just that.  Elance's announcement came shortly after MBO Partners (an Emergent Research client) and Work Market announced a similar offering called The Managed Contractor Cloud.

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The What, Who and How of Outsourcing… So You Can Let Go

Success

“We want to work with people who are up to date in the areas that we’re iterating toward, so we outsource software development but keep design, engineers and product management within the company,” she says. You can advertise for freelance help on sites such as Guru.com or Elance-oDesk.com. Who you gonna call?

Suppliers 290
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2.7 Million Independents Work in the On-Demand Economy

Small Business Labs

The study defined the on-demand economy as including: online product marketplaces provided by firms such as EBay, Amazon and Etsy and others (Craigslist was excluded). Online talent marketplaces such as Freelancer.com, Elance - oDesk, and others. The online product platforms were most popular, with about 2.2 million U.S.

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The Growing Independent Worker Ecosystem

Small Business Labs

This ecosystem includes a wide range of firm types, including: Talent marketplaces : firms like Elance , Odesk and Freelancer.com that connect independent workers with those interested in hiring them. The growth of the independent workforce (freelancers, temps, self-employed, etc.)

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The Rise of Micro Multinationals

Small Business Labs

Thanks to the Internet and a growing array of products that make remote work easier, much of this work is done virtually.    The main internet tool creating micro multinationals is, of course, online product and talent marketplaces. trillion by 2025.    If these sites even come close to creating $2.7

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Coworks - A Social Online Talent Marketplace

Small Business Labs

Instead of offering talent buyers a large number of potential hires like an Elance or oDesk does, it connects buyer and sellers of talent  based on personal connections and recommendations.  At the broad level, it's another example of how social is being added to many types of products and services.

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