Small Business Labs

Non-Profit Sector Big and Growing Faster Than Overall Employment

Small Business Labs

The Johns Hopkins Non-Profit Economic Data Project recently released its 2019 Non-Profit Employment Report.    There are two key findings.    The first is the U.S non-profit sector is big, employing 12.3 million paid workers.  

2020 141

Freelancers and Solopreneurs are Increasingly Exporters

Small Business Labs

Despite trade wars, tariffs, and the erection of other barriers to cross-border commerce, independent workers, freelancers and solopreneurs are increasingly finding customers outside U.S. borders.

2019 268

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California's New Gig Law, AB5, Ignores the Growing Role of Remote Work

Small Business Labs

Business Insider's California is attempting a massive labor experiment that could grow into a disaster for millions of workers outlines some of the many problems with California's new AB5 worker classification law.

2019 200

Freelancers and Financial Well-Being

Small Business Labs

One of the ongoing questions around independent/gig work is its impact on the financial well-being of independent workers (freelancers, gig workers, self-employed, etc.). 

2019 233

Quibi Bets Big on Mobile Movies

Small Business Labs

Quibi is a startup entertainment company that has raised $1.4 billion in venture funding to build a new content streaming service designed exclusively for mobile devices. 

2020 130

23% of Traditional Full-Time Job Holders Plan to Switch to Gig Work

Small Business Labs

According to MetLife's 2019 U.S. Employee Benefits Study, 23% of Americans with full-time traditional jobs intend to switch to gig work over the next 5 years. Another 14% say they are considering it. 

2019 274

53 Million Americans are part of the Low Wage Workforce

Small Business Labs

Brookings' Meet the Low Wage Workforce reports that 53 million Americans, or about 44% of all workers aged 18-64, have low-wage jobs. According to Brookings, the national average for a low-wage job is one that pays $16.03 per hour or less. 

2019 188

What Freelancers Want From Their Clients

Small Business Labs

As we pointed out earlier this week , firms of all sizes and types are increasing their use of freelancers and other forms of non-employee labor. 

2019 266

More Freelancers Feeling Secure

Small Business Labs

MBO Partners released their 2019 State of Independence study this week. This is the 9th year of this ongoing study, which provides an in-depth look at American's independent workers (freelancers, independent contractors, self-employed, etc.).

2019 236

The Growing Backlash Against AB5, California's New Gig Economy Law

Small Business Labs

California's new labor law, AB5, was meant to help Uber and Lyft drivers - and others - get hired as traditional employees with the hope this would increase their pay and financial security. 

2020 130

GCUC 2019 - Coworking's Surge Continues

Small Business Labs

The 2019 U.S. version of the Global Coworking Unconference Conference Series (GCUC) happened last week in Denver. Over 500 attendees showed up to discuss the state of the coworking industry and learn from one another.

2019 246

The Rise of Career Nomadism

Small Business Labs

Korn Ferry is a large, global organizational consulting and recruiting firm. Their research institute recently released their Top 10 Talent Trends for the New Year.    All the trends are interesting. But the one that jumped out at us is the rise of career nomadism.

2020 130

What WeWork's Troubles Mean for the Coworking industry

Small Business Labs

WeWork's troubles seem to be going from bad to worse. They lowered their target IPO valuation from their last private funding round value of $47 billion to under $20 billion - and maybe as low as $10 billion.

2019 196

The Positive Mental Health Effects of Self-Employment

Small Business Labs

A recent academic study found that self-employed gig workers in the UK score higher across a range of psychological well-being measures than workers in the mainstream economy.

2019 208

More Small Businesses Turning to Online Lenders for Financing

Small Business Labs

The Federal Reserve recently released its 2019 Small Business Credit Survey.    A key finding is the use of online lending sources by small businesses is rapidly expanding. 

The Great Risk Shift - and Economic Insecurity - Continues

Small Business Labs

"Risk shift" is the trend towards economic and other risks - and the responsibility for risk management - being shifted from institutions to individuals. 

2019 230

Each Year a Lot of Americans Start and Stop Being Freelancers

Small Business Labs

One of the more interesting findings from the 9 years of data from the MBO Partners State of Independence study series is how many Americans enter and exit independent work.

2019 182

What Control Means to the Self-Employed

Small Business Labs

Our article yesterday covered a study showing how work autonomy and control resulted in mental health benefits for the self-employed.    As a follow-up, the chart below (click to enlarge) is from the Freshbooks 2019 Self-Employment in America Report.

2019 203

The Rise of Independent Worker Teams: Fiverr's Studios and Upwork's Agency Experience

Small Business Labs

Fiverr this week announced a new service offering called "Studios" This service gives freelancers the ability to easily join forces to sell and tackle larger and more complex client assignments than a freelancer could do on their own.

Community Lenders Creating Community Spaces - Credit Unions are Opening Coworking Spaces

Small Business Labs

CreditUnions.com's article 3 Ways to Connect Through Coworking Spaces provides an excellent example of how coworking is spreading across industry verticals and niche markets. The article highlights 3 credit unions that have opened coworking spaces.

2019 242

The Pros and Cons of Working Remotely

Small Business Labs

Recode's How remote work is quietly remaking our lives provides a deep dive on the growing impacts of the shift towards working remotely. Key quote: "The changes remote work has introduced have happened so gradually you may not have noticed.

2019 181

Purpose and a Paycheck and the New Retirement

Small Business Labs

Purpose and a Paycheck is a new book from Chris Farrell, a leading expert on retirement and workforce issues facing people over the age of 50. 

BCG on the New Freelancers

Small Business Labs

Last week the Big 3 strategy consulting firm BCG released THE NEW FREELANCERS: TAPPING TALENT IN THE GIG ECONOMY , a study on "those who find temporary work through digital labor-sharing platforms."

2019 252

From Man’s Best Friend to Family’s Favorite Child

Small Business Labs

Regular readers know we like Pet Trends here at Small Business Labs. So we had to cover the U.S. Chamber of Commerce's article The Pet Economy Kicks Into Overdrive. The article covers the growth of the pet economy.

2019 208

Working Remotely the Norm for independent Workers

Small Business Labs

According to data from the 2019 MBO Partners State of Independence study , 83% of full-time independent workers report working remotely at least some of the time, and 31% report working remotely full-time.

2019 195

The Economic Impact of Craft Brewing

Small Business Labs

The Brewers Association recently released their small and craft brewing economic impact report for 2018.    The study found that the craft brewing industry contributed $79.1 Billion to the U.S. Economy in 2018 and provided directly and indirectly about 550,000 jobs. 

2019 182

Remote and Distributed Work Driving Growth Outside of Major Cities

Small Business Labs

Citylab's Talent May Be Shifting Away From Superstar Cities covers research showing that the fast-growing "superstar cities" - New York, San Francisco, Seattle, Los Angeles, Washington, DC - may be slowing down. 

2019 151

Upwork Study: Freelancing Providing Opportunities to Those Unable to Work in Traditional Jobs

Small Business Labs

Upwork released their 2019 Freelancing in America study. It's the 6th year Upwork has conducted this study.    The study found about 57 million Americans are freelancing. This equates to 35% of the workforce. 

2019 176

Renewable Energy to Pass Coal for U.S. Electricity Generation in 2021

Small Business Labs

According to the Institute for Energy Economics and Financial Analysis (IEEFA) , renewable energy sources will pass coal in terms of U.S. electricity generation in 2021. As their chart below shows, each of the sources will produce around 800 billion kilowatts of electricity in 2021.

2021 151

Scientific American's Top Emerging Technologies of 2019

Small Business Labs

Scientific American's describes their Top 10 Emerging Technologies Of 2019 as "World-changing technologies that are poised to rattle the status quo." 

2019 151

Modern Homesteading and the Trend Towards Greater Independence

Small Business Labs

The trend towards desiring greater levels independence - and the autonomy, control and flexibility that comes with it - takes many forms. 

2019 238

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. 

2019 241

Why Independent Work and Coworking Increase Mental and Physical Well-Being

Small Business Labs

McKinsey's  The overlooked essentials of employee well-being focuses on how companies can improve the well-being of their employees.

2018 257

Podcasting Entering the Mainstream

Small Business Labs

In case you hadn't heard, podcasting is booming.    According to The Infinite Dial 2019 , an annual survey conducted by Edison Research and Triton Digital, more than half of all adult Americans have listened to one.

2019 220

Coworking is Disruptive Innovation

Small Business Labs

The term disruptive innovation was coined by Harvard professor Clayton Christensen and popularized by his classic 1997 book  The Innovator’s Dilemma.

2018 249

7.3 million Americans Describe Themselves as Digital Nomads

Small Business Labs

MBO Partners this week released Digital Nomads: Leading the Shift to Remote and Distributed Work. The key finding of this study is 7.3 million Americans identify as digital nomads. 

2019 173

Uber Enters the Staffing Business

Small Business Labs

Last week Uber announced Uber Works , a platform that connects workers with businesses that need to fill available shifts in hourly jobs such as cooks, warehouse workers, commercial cleaners and events staffing. 

2019 169

Connecting Artisan Makers With Retailers and Customers a Rapidly Growing Industry

Small Business Labs

Two companies that connect artisan makers with retailers and customers announced large funding rounds last week. The wholesale marketplace Faire raised $100 million while the wholesale and licensing business Minted said they raised $208 million.

2018 244

Happy Holidays!

Small Business Labs

We'll be back in 2020

The Rise of "Wealth Work"

Small Business Labs

Quartz's Life coaches are the new personal trainer highlights a trend we've been tracking since 2008 , the growth of personal services.    These are what noted labor economist David Autor calls "wealth work"   A good example is the growth are personal trainers.

2019 225

40% of Americans Say They Struggle to Pay Bills

Small Business Labs

The Washington Post's ‘This doesn’t look like the best economy ever’: 40% of Americans say they still struggle to pay bills covers the fact that despite a strong job market and a 10 year long economic recovery, a lot of Americans still struggle financially.

2019 194

Gig Economy an Important Income Source for Military Service Members

Small Business Labs

According to a survey from the National Foundation for Credit Counseling , military service members and their spouses are turning turn to the gig economy to supplement their income. 

2019 179

A Look at Non-Employer Businesses from the SBA

Small Business Labs

The U.S. Small Business Administration's (SBA) Office of Advocacy recently released A Look at Non-Employer Businesses , a one-page summary of key data on non-employers businesses. "Non-employer"

2018 247