Small Business Labs

"Everything, it seems, is a shared office these days"

Small Business Labs

The title of this post is a quote from the NY Times article  Sorry, Power-Lunchers. This Restaurant Is a Co-Working Space Now. The article covers Spacious , a startup that transforms unused space - especially restaurants outside of meal times - into shared workspaces.

2018 204

The Number of Nonemployer Businesses Continued to Grow in 2016

Small Business Labs

The U.S. Census recently released the 2016 nonemployer business statistics. Key quote from their press release : nonemployer establishments increased 2.0 percent from 24,331,403 in 2015 to 24,813,048 in 2016. Receipts increased 1.5 percent from $1.15 trillion in 2015 to $1.17 trillion in 2016.

2016 216

1 in 5 Independent Workers Have Customers Outside of the U.S.

Small Business Labs

One of the interesting findings from the MBO Partners State of Independence study series is a growing number of independent workers (freelancers, solopreneurs, gig workers, etc.) have customers outside of the U.S. There are several reasons for this: 1.

2018 147

Survey: Almost 4 in 10 Americans Have a Side Hustle

Small Business Labs

Bankrate recently released a survey showing that 37% of Americans have some sort of side job.    The survey was of adult Americans , of which there are about 250 million. This means the survey found about 92 million Americans have side hustles. 

2018 177

Expert Network Industry Big and Getting Bigger

Small Business Labs

The report The Rise of the Expert Economy is a interesting look at what it calls a "little-known, high-growth sector, made up of networks that connect experts with companies that need them." 

2018 178

Food Delivery Forecast to Grow Rapidly

Small Business Labs

A new research report by financial giant UBS suggests that millennials are ditching the kitchen and instead opting for food delivery in a report titled “Is the Kitchen Dead.”. The report is not available to the public and we haven't seen it.

2018 176

Duluth's Booming Artisan Economy

Small Business Labs

Duluth's Lincoln Park neighborhood was until recently a rundown section of this lake front city in Minnesota, with many empty storefronts and buildings. But now Lincoln Park is the center of a new artisan business boom.

2018 229

Most Millennials Think Starting a Business is Risky

Small Business Labs

According to a report from the global financial giant UBS , 72% of Millennials say starting a business appeals to them. But at the same time, most say it's too risky to do.

2018 223

Study: Corporations Rely on Their Non-Employee Workforce

Small Business Labs

SAP Fieldglass's External Workforce Insights 2018 study, 44% of workforce spend at large corporation is on external, non-employee talent. 

2018 205

Social Security Data Shows Self-Employment Has Been Increasing

Small Business Labs

The Economic Policy Institute (EPI) dug through social security data and found the number of self-employed grew between 2000 and 2015 (the most recent data available).    Their chart below shows the increase in share of earners reporting self-employment earnings.

2018 161

Reviewing the BLS 2017 Contingent and Alternative Employment Arrangements Survey

Small Business Labs

The U.S. Bureau of Labor Statistics (BLS) caused quite a stir yesterday with the release of their 2017 Contingent and Alternative Employment Arrangement (CWS) survey results.    Specifically, the report shows that the share of U.S. gig/contract workers in the U.S.

2018 181

The Continuing Merging of Coworking, Social Clubs and Gyms

Small Business Labs

Several interesting recent stories illustrate how coworking, social clubs and gyms are merging. CNBC's Companies are making gyms their headquarters - here's why covers gyms that also have coworking spaces.

2018 173

The Top 15 Cities for Specialized Freelancers

Small Business Labs

Fiverr's Understanding the Impact of the Freelance Economy study focuses on what they call "specialized freelancers" These are independent workers who provide professional, technical, or creative services.    As the report chart below shows, there are about 2.5

2018 194

Study: Despite Uncertainty, Self-Employed Happier at Work Than Traditional Employees

Small Business Labs

A new academic study reports that the self-employed are happier and more engaged at work than traditional employees are. The reason, according to the study, is they have greater levels of autonomy than traditional employees. 

2018 218

Uber and Lyft Help Drivers Weather Financial Shocks

Small Business Labs

A recent academic study found that many ridesharing drivers do so to help them work through financial shocks and smooth income volatility. The study only looked at rideshare drivers. But it points out that these benefits should extend to any highly flexible part-time employment.

2018 209

The Rise of Occupational Licensing

Small Business Labs

In the 1950's about 5% of full time U.S. workers had a professional, occupation license. Today about 23% do.    This data comes the interesting HBR article  More and More Jobs Today Require a License. That’s Good for Some Workers, but Not Always for Consumers.

2018 194

Book Review: Gigged - The End of the Job and the Future of Work

Small Business Labs

We're behind on our reading, but did manage to get to Gigged - The End of the Job and The Future of Work. It's written by journalist Sarah Kessler, who's been covering the gig economy since 2011. 

2018 148

Global Coworking Forecast: 30,000 Spaces and 5.1 Million Members by 2022

Small Business Labs

We recently released our new coworking forecast for 2018-2022.    We are projecting continued rapid growth over the next 5 years, although slower than the industry's recent dizzying pace. The forecast was done this year with help from our friends at GCUC.

2022 246

The Return of Independent Bookstores

Small Business Labs

In 1936 George Orwell pointed out that one of the main difficulties of owning an independent bookstore is turning a profit. This, of course, was long before Amazon.

2018 207

Cigna's Loneliness Index and Coworking

Small Business Labs

The large, global health services company Cigna recently released their U.S. Loneliness Index , which found loneliness in the U.S. is at "epidemic levels" The key findings include: Nearly half  of Americans report sometimes or always feeling alone (46 percent) or left out (47 percent).

2018 187

Amazon's High Tech, Checkout Free Grocery Store Opens Today

Small Business Labs

Amazon opened their brick and mortar, cashier-less store of the future today in Seattle. Called Amazon Go , it looks like a very high-tech version of a 7-11 convenience store. It has a selection of salads, sandwiches and beverages (including beer and wine), ready-to-eat meals, produce and meats. 

2018 233

Study Finds U.S. Has 27 Million Square Feet of Coworking Space

Small Business Labs

Yardi Matrix , a provider of real estate industry data and research, has released an interesting coworking study.    They've also written an article - Shared Space: Coworking's Rising Star - summarizing their results. 

2018 226

The California Creative Economy

Small Business Labs

The Otis Report on the Creative Economy comes from the LA based Otis College of Art and Design.    The report covers the creative economy in California. And as their chart below shows, it's big. The study does a good job capturing self-employed creatives.

2018 170

Pet Industry Continues to Attract Venture Capital

Small Business Labs

Crunchbase's  Investors Unleash Millions Into Pet-Tech Startups covers the surge in pet industry venture funding over the past 5 years. Key quote: Funding in pet startups surged by 334 percent to $291.8 million compared to $67.2 million in 2012, according to Crunchbase research.

2018 142

The Growing Silicon Prairie

Small Business Labs

The Hustle's Life in the Silicon Prairie: Tech’s great migration to the Midwest covers the continued growth of the Midwest's tech sector. Key quote: Investors are flocking to Middle American cities like Omaha and Des Moines.

2018 163

Co-Living Startups Continue to Attract Funding

Small Business Labs

According to Crunchbase , an "analysis of residential-focused real estate startups uncovered a raft of companies with a shared and temporary housing focus that have raised funding in the past year or so."

2018 175

Uber Unveils Flying Taxi Prototype

Small Business Labs

Uber unveiled a flying taxi eVTOL (electric vertical take-off and landing) prototype at its recent  Elevate conference. The prototype (below) is a cross between a really big drone and a small airplane.

2018 173

Social Isolation - Not Just Loneliness - a Health Risk Reduced by Coworking

Small Business Labs

Social isolation and loneliness are related, but not the same thing.    Social isolation refers to having relatively few relationships and/or infrequent contact with others.  Loneliness

2018 219

Coworking's Unstoppable Market Growth

Small Business Labs

Liquidspace's Q4, 2017 U.S. Flexible Office Report covers the continued growth of coworking and other forms of flexible offices.

2018 194

More Americans Facing a Rent Burden

Small Business Labs

Nearly 43 million U.S. households rented their homes in 2016, which is about 9.3 million more than in 2004. 

2018 187

Most Small Business Owners Positive About Automation Technology (Including its Impact on Employment)

Small Business Labs

Despite all the noise about an automation and A.I. driven jobless future, small business owners are mostly positive about automation technology. They're even positive about how automation technology will impact their firm's staffing levels.

2018 187

The Strong Job Market's Impact on Self-Employment

Small Business Labs

The U.S. unemployment rate fell under 4% for the first time since 2000, continuing a steady decline that started in 2010. Despite the strong traditional job market, according to the BLS self-employment has increased slightly over the prior year and is also up from 2010. 

2018 178

Is America "The World's First Poor Rich Country"?

Small Business Labs

Umair Haque's essay Why America is the World's First Rich Poor Country suggests that America has created a new kind of poverty.    He argues that despite relatively high incomes, growing numbers of Americans can't afford a middle class lifestyle.

2018 164

Startup Raises $20 Million to Build an Electronics Manufacturing Plant in San Francisco

Small Business Labs

San Francisco is not a cheap place to locate a business, especially a manufacturing business. It's one of the world's most expensive real estate markets and has some of the highest labor costs in the U.S. 

2018 183

Euromonitor's Top 10 Global Consumer Trends for 2018

Small Business Labs

Euromonitor International recently released their 2018 Top 10 Global Consumer Trends list,  which are listed in the chart below.

2018 216

Happy Holidays and See You Next Year

Small Business Labs

We're on vacation for the rest of the year.    Happy Holidays and see you in 2018

2017 225

Federal Reserve Study Finds 31% of Adult Americans Do Gig Work

Small Business Labs

The Board of Governors of the Federal Reserve System (The Fed) recently released their 2017 Report on the Economic Well-Being of U.S. Households. This report "examines the economic well-being and financial lives of Americans and their families."

2018 163

The Importance of the Social Side of Coworking

Small Business Labs

Our recent Harvard Business Review article, Coworking Is not About Workspace - It's About Feeling Less Lonely , covers research we conducted on the social side of coworking.

2018 216

Flying eVTOL Taxis Getting Closer

Small Business Labs

The Barron's Penta article  The Next Wave in Flight: Flying Vehicles You Can Summon With Your Phone covers eVTOLs, which are electric vertical take-off and landing vehicles. 

2018 196

Pew's Demographic Trends That Are Shaping the World

Small Business Labs

Not everyone agrees that demographics are destiny. But demographic trends are key drivers of change and also one of the few things we can project into the future with decent accuracy. Pew Research's  7 demographic trends shaping the U.S.

2018 174