Small Business Labs

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More Small Businesses Turning to Online Lenders for Financing

Small Business Labs

The Federal Reserve recently released its 2019 Small Business Credit Survey.  Small businesses seeking financing were approved at higher rates by online lenders than traditional lenders.   A key finding is the use of online lending sources by small businesses is rapidly expanding.  This is up from just 19% in 2016.

Finance 216
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7.1 Million Americans Work in the Creator Economy

Small Business Labs

  Already, older creators are using platforms like TikTok to produce content of interest to older audiences in subjects like finance, lifestyles, health and wellness and others.   Creators were identified through a series of survey questions about their independent work, digital content creation and monetization activities.

Lifestyle 204
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The Most Common Professions of Skilled Freelancers Working for Businesses

Small Business Labs

  Professions with relatively fewer independent workers include finance and accounting and admin services. Another reason is many working in finance identify as consultants. But now things like web design and managing IT intensive projects are no longer viewed as IT work by many who do these kinds of jobs. 

Skills 193
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According to T. Rowe Price, Gig Economy Workers Pay More Attention To Their Money

Small Business Labs

Rowe Price study  Financial Attitudes & Behaviors Toward the Gig Economy found that "participation in the gig economy makes workers more financially accountable"   As the study chart below shows (click to enlarge), 78% of the surveyed gig workers said they are more involved in their finances due to gig work.

Finance 174
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According to LinkedIn, Most SMBs Use Freelancers

Small Business Labs

A recent survey by LinkedIn found that 70% of U.S.      Most surveys show somewhere between 20% to 30% of independent workers use contract labor. The likely reason the LinkedIn results are higher is the industries they targeted in their survey.

Finance 154
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Please Take "The Organizational Use of Video Storytelling" Survey

Small Business Labs

   As part of this research, SNCR is doing a survey on this topic. If you are involved in the strategy or tactics related to the use of online video for your organization, please help out by taking a short survey.    Click Here to Take the Survey.   Click Here to Take the Survey.

2010 100
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Small Businesses Turn to Their Accountants & Each Other for Advice

Small Business Labs

According to one of their recent surveys, small business owners turn to a number of sources for advice and as the chart below shows, accountants are their first choice. We were somewhat fascinated that the survey asked about Google. Surveys have traditionally asked about turning to the Internet for advice. Finance trends'

Finance 100