Small Business Labs

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Intuit Future of Small Business Report

Small Business Labs

Last week Intuit released the Slideshare presentation  The Future of Small Business. These trends - and others that will be explored in future reports - are resulting in growing numbers of successful small businesses. The report chart below highlights the forecast that the number of U.S.

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Encouraging U.S. Commerce Report on "Digital Matching Firms"

Small Business Labs

Commerce's department report  Digital Matching Firms: A New Definition in the “Sharing Economy” Space  is, in our opinion, a pretty balanced view of sharing/digital matching firms and their growing economic role. The report attempts to accomplish two goals. 

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What is Good Information Hygiene?

Small Business Labs

But we were particularly struck by Edelman's concept of "information hygiene" in this year's report.     It's stunning how often we're presented with information and data that are obviously wrong -  and easily proven wrong with minimal fact checking.  

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Academic Studies Show Gig Work Increases Entrepreneurship an Acts as a Safety Net

Small Business Labs

MIT Management's How the gig economy can reduce unemployment and debt reports on a study showing how the gig economy can act as a safety net.  And if these entrepreneurs start a business and it fails, gig work gives them something to fall back on.     The gig economy gets a lot of criticism. 

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Academic Studies Show Gig Economy Larger Than Government Data Suggests

Small Business Labs

Several papers related to the gig economy presented last week at the American Economic Association annual meeting caught our eye.  "  The chart below (click to enlarge), taken from the study presentation , shows the types of gig work performed and the importance of gig income. These finding are not surprising.

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

Small Business Labs

Gig workers generally face unpredictable incomes streams and report high levels of income volatility. Even most of those who reported working in the gig economy out of necessity instead of choice (about 32% of gig workers) are positive about gig work. See their slideshare presentation for more details. But it doesn't.

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The Reports of the 1099 Economy's Death Have Been Greatly Exaggerated

Small Business Labs

But I decided it would be easier to reference the articles already out there that present a balanced view of this decision. .  But, of course, it's not. My first thought was to write a long article listing the reasons.

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