Small Business Labs

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 166

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 164

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 261

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 225

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 190

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 160

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 268

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 152

The Number of Nonemployer Businesses Continues to Grow

Small Business Labs

According to the  U.S. Census, the number of   nonemployer businesses in 2017 increased to 25,701,671, up 3.6% from 2016.    Nonemployers are businesses that have an owner, but don't have paid traditional full or part-time employees (W2 employees).

2019 224

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 226

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 189

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 192

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.

2019 201

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 192

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 253

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 156

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. 

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 230

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 216

MetLife Study: 45 Million U.S. Gig Workers and 85% of them interested in Continuing as Gig Workers

Small Business Labs

MetLife recently released The Gig Economy: Opportunities, Challenges, and Employer Strategies.

2019 143

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 191

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 230

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. 

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 163

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 243

Liza On-Demand, a Gig Economy Comedy

Small Business Labs

Liza On-Demand is a TV show that, according to its description:  follows the chaotic misadventures of Liza, a young woman in Los Angeles who is trying to make a career out of juggling various gig economy jobs — for lack of a better idea of what to do with her life.

2019 152

Is AB5 the End of the Gig Economy? The Quick Answer: No

Small Business Labs

California recently passed AB5 , a law that changes how workers are classified. AB5 establishes an “ABC” test to decide whether or not a worker is an employee or a contractor. The law starts with the assumption that everyone is an employee.

2019 139

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 230

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 254

"The Venture Capitalizaton of Belonging"

Small Business Labs

Fast Company's Social clubs died out in America. Now, venture capital is bringing them back provides an interesting look at the changing landscape of American social clubs. The article starts by pointing out the long decline in the membership of traditional clubs. Key quote: "Over the last few decades, sociologists and political scientists have found that American clubs of all stripes–from youth service clubs to bowling leagues–have experienced steep declines in their memberships.

2019 193

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 244

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 177

Small Businesses Worried About Corporate Concentration - and Especially Amazon

Small Business Labs

The Institute for Local Self-Reliance recently released its 2019 Independent Business Survey. The key finding is small independent businesses see large corporations - and especially Amazon - as their main competitive threat.    They also feel government policies have not helped.

2019 164

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 243

Deloitte on the Future of Work

Small Business Labs

Deloitte has become, in our opinion, one of the key go-to sources of information and analysis on the future of work. Their recent article Redefining work, workforces, and workplaces is a good example. In a relatively short article, it nicely synthesizes and explains "multiple converging trends and how they are already fundamentally changing all aspects of work."

2019 196

The Most Common Professions of Skilled Freelancers Working for Businesses

Small Business Labs

We're often asked what the most popular professions are for freelancers and independent workers. This is not as easy a question to answer as it seems. Independent workers serve all industries, work with both businesses and consumers and participate in pretty much every job type and profession.

2019 212

Coworking Doesn't Need a New Name, But the Office Space Industry Does

Small Business Labs

There's a mini controversy going on around whether or not coworking needs a new name.    The recent Allwork article Why Coworking Needs a New Definition covers the new name side.

2018 239

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 203

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 232

Most Small Businesses Still Have Less Than $400,000 in Annual Revenue.

Small Business Labs

According to data from the U.S, Census 2016 Annual Survey of Entrepreneurs (the most recent data available), the median U.S. employer small business (those with paid traditional employees) generated less than $400k in revenue in 2016.

2019 181

The Recent Flurry of Gig Economy Studies

Small Business Labs

It's been a busy couple of weeks for gig economy studies. Below is a list of 4 of the recently released studies.

2019 175

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 224

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 208