article thumbnail

The Long Term Shift to Contract Labor by Small Businesses

Small Business Labs

This is up from $64.8 billion in 2010. Over the period from 2010 to 2018, contract labor spend by sole proprietors increased by an annual growth rate of 9.1%. billion in 2010 to $97.9 billion in 2010 to $97.9 the spending on traditional employee salaries and wages from 2010 to 2018.

2018 214
article thumbnail

Use of Contract Labor by Small Businesses Continues to Grow

Small Business Labs

in 2016, up from $34.4 billion in 2010.   This is an increase of 65% between 2010 and 2016.    Way back in 2003, contract labor was only about 20% of the labor costs of sole proprietors. .    Way back in 2003, contract labor was only about 20% of the labor costs of sole proprietors.

2003 183
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Once Upon a Time in Marketing: The Power of Storytelling

Success

According to Duarte, the classic three-part story structure is: Set up the hero—a likable, but flawed, individual—and the challenge they must face. In 2003, with just $350, Perry invented Sinus Buster, which he says was the first hot-pepper nasal spray intended as a headache reliever. The hero emerges, transformed.

2003 279
article thumbnail

Use of Contract Labor by Sole Proprietors Surging

Small Business Labs

.  As the chart below shows, sole proprietor contract labor expenses increased 38% between 2010 and 2013.  In 2013 contract labor was 36% of total labor costs, up from 31% in 2010 and just 20% in 2003.    Over the same period salary and wage expense increased only 10.7%.

2003 100
article thumbnail

$1 Million Ain't What it Used to Be - You Need More Than $5 Million to be a 1%er

Small Business Labs

Trust, 77% of these millionaires came from middle class or lower backgrounds, including 19% who grew up poor.   Although the numbers fell quite a bit during the recession, they've recovered nicely and have more than doubled since 2003. So the American dream is still alive, at least for some. 

2003 100
article thumbnail

Lessons from a Failed Forecast

Small Business Labs

Workforce Week's (tiered subscription) Fast Forward: 25 Trends That Will Change the Way You do Business appears to have been written in 2003.    I'm most intrigued with their 2003 jobs forecast for 2010.    They forecast there wouldn't be enough people to fill the jobs available in 2010

2003 100
article thumbnail

Pauline Roussel CEO at Coworkies and Co-author of “Around The World in 250 Coworking Spaces” | Driving Collaboration: How Coworking Spaces Foster Connections in Work Communities

Allwork

And I think a lot of the people have misconception through the big brands that it started around 2010. And then there was another initiative in Vienna that started back in 2003. And I think the second to third year cities were not catching up. They were called shared spaces, collaborative workspaces.