Small Business Labs

Using Digital Data For Economic Analysis

Small Business Labs

One of the biggest shifts going on in economics is the growing use of digital data for research. The Internet and cloud computing platforms are generating large amounts  of digital data on pretty much all areas of business and economics. In fact, the amount data is growing much faster than our ability to analyze and use it. In our work we've seen a clear shift to using digital data and away from our traditional sources - surveys and government produced data.

2015 100

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 148

Most Millennials Think Starting a Business is Risky

Small Business Labs

  We're in the data analysis phase of a new study looking in more detail at how Americans view the risk associated with starting a business.  According to a report from the global financial giant UBS , 72% of Millennials say starting a business appeals to them.

2018 213

The Top 15 Cities for Specialized Freelancers

Small Business Labs

Census non-employer business dataset for this analysis.  So it was a good choice for the analysis done in this study.

2018 177

Study: Uber Drivers on Average Earn $11.77 Per Hour

Small Business Labs

  The study -  Uber and the Labor Market  - is based on a detailed analysis of driver income and expenses.  Our analysis showed average earnings after expenses of $12-$14 dollars per hour. 

2018 153

Quantum Computing Getting Closer

Small Business Labs

The good news is quantum computing would greatly improve many things, including weather forecasting, financial analysis, logistical planning, drug discovery and curing disease.  Intel recently announced they've developed a quantum computer chip.

2018 177

After a Decade of Strong Growth, Craft Brewing Industry Shows Signs of Slowing

Small Business Labs

Their analysis shows an estimated 75% of the US drinking age population resides within 10 miles of a brewery. In 2016, a new craft or micro brewery opened in the US on average every 11 hours. Pretty amazing. Also, the roughly 5,300 U.S. craft and micro breweries produced 24.6

2017 197

Do Uber Drivers Only Make $3.37 Per Hour? (The Quick Answer is No)

Small Business Labs

The only problem was their analysis was flawed, something they conceded this week.  A study on ridesharing drivers -  The Economics of Ride-Hailing: Driver Revenue, Expenses and Taxes - was released last week by the MIT Center for Energy and Environmental Policy Research. Their finding that the ridesharing drivers working for firms like Uber and Lyft have median earnings $3.37 per hour was widely covered in the press.

2018 128

Intuit Future of Small Business Report

Small Business Labs

Technological advances such as machine learning are taking the complexity out of data analysis, providing small businesses with the ability to make faster, better decisions.  Last week Intuit released the Slideshare presentation  The Future of Small Business.

2016 214

The Rise of Smart Farms

Small Business Labs

Plant Data/Analysis : systems that help farmers understand plant composition (microbial makeup, genetic expression, etc.) Tech startups are increasingly targeting agriculture.

2017 174

Using Big Data and Machine Learning to Improve Small Business Lending

Small Business Labs

According to an analysis by Intuit of its early borrowers: 46 percent of QuickBooks Capital customers had never applied for a loan before.

2017 152

What are Smombies?

Small Business Labs

roads spiking; cellphones eyed : Pedestrian deaths are climbing faster than motorist fatalities, reaching nearly 6,000 last year - the highest total in more than two decades, according to an analysis of preliminary state data released Thursday.

2017 176

Few Small Businesses and Freelancers Will Benefit from the Pass-Through Provision of the Tax Plan

Small Business Labs

  Finally, see the Tax Policy Center's analysis of the bill. 

2017 155

Gartner's Top Trends for 2017

Small Business Labs

Key quote on what this means: Employees, already familiar with behavior influencing through contextual algorithms on consumer sites such as Amazon, will be influenced by an emerging set of “persuasive technologies” that leverage big data from myriad sources, mobile, IoT devices and deep analysis.

2017 205

The Drivers of Contingent Workforce Use by Enterprises

Small Business Labs

Spend Matters analyst Andrew Karpie's article Upwork Launches Talent Services Division to Enable Enterprise Use of Online Freelance Workforce provides an excellent analysis of this new effort. We attended Upwork's Work Without Limits Executive Summit last week.

2017 157

Graham-Cassidy Healthcare Bill Likely Bad for the Independent Workerforce

Small Business Labs

The quick summary of our analysis of the Graham-Cassidy healthcare bill on independent workers is: Low and moderate income independent workers would likely be worse off due to the reductions in medicaid and elimination of subsidies provided by the ACA (Obamacare). Normally the Congressional Budget Office (CBO) does an analysis of the impact of new bills.   The Kaiser Family Foundation's analysis shows the impacts of the bill on a state by state basis.

2017 126

Coworking Forecast - 26,000 Spaces and 3.8 Million Members by 2020

Small Business Labs

How coworking is defined is an important attribute of any coworking industry analysis. Coworking is booming. The industry is growing and hybridizing so fast , we're having a hard time keeping up with it. 

2020 208

Psychographic Profiles and Working Yourself to Death in the Gig Economy

Small Business Labs

  It pushes against bureaucratic overthinking, analysis-paralysis, and excessive whiteboarding.  A recent ad campaign by Fiverr  attracted a lot of attention, most of which was negative.

2017 141

Key Smart Manufacturing Technologies

Small Business Labs

Computer-Aided Design (CAD) : Refers to the use of computer systems to aid in the creation, modification, analysis, or optimization of designs of parts, final products, and even entire production systems or factory environments.

2016 145

Global Interest in Coworking Booming

Small Business Labs

According to analysis by Deskmag, global interest in coworking is booming and at all time highs. The annual Global Coworking Unconference Conference  (GCUC) is this week in Berkeley, California. And it's good times for this industry.

2015 165

Strong Job Market Pulling Independent Workers Back to Traditional Jobs

Small Business Labs

The MBO Partners 2016 State of Independence in America report was released this week. This  This is the 6th annual edition of this study (Emergent Research works with MBO Partners on this study).

2016 141

The Five Faces of the On-Demand Economy

Small Business Labs

These profiles were developed using cluster analysis to group ODE workers who share similar motivations and attitudes.  Last week Intuit released The Five Faces of the On-Demand Economy , which covers 5 common profiles of on-demand workers.

2016 133

Study: Gig Economy Growing Fast, Creating Mostly Part-Time Jobs

Small Business Labs

For another analysis of these studies, see Bloomberg View's Your Uber Driver Probably Has Another Job.

2016 130

Book Review: Raw Deal - How the Uber Economy is Screwing American Workers

Small Business Labs

Government Accountability Office (GAO) recently did an analysis of contingent work and found 85% of independent contractors are content being independent and would not want to be traditional employees.

2015 130

Foreign Born in the US Workforce

Small Business Labs

  In March, the BLS released their annual analysis of the number and characteristics of foreign born U.S. workers. 

2010 130

Coworking and the Blending of Work and Life

Small Business Labs

But it's clear from our preliminary analysis of the results that work/life blending is common among coworking members. We quit using the term "work/life balance" many years ago. It simply doesn't fit the world most of us live in.

2015 133

Disruption and the Analyst Industry

Small Business Labs

  It is a analyst service that provides research reports and analysis on emerging technology. 

2010 130

PwC's When Megatrends Collide

Small Business Labs

Strategy & Business , one of our favorite publications, has a good article on trend analysis. When Megatrends Collide is written by a trio of partners from the giant accounting and consulting firm PwC.    The article provides a primer on identifying and using megatrends.

2015 130

Bitcoin Gaining Funding, Market Momentum

Small Business Labs

Also released recently was Business Insider's analysis of the amount of venture capital flowing into the Bitcoin industry. CoinDesk, an online site that covers the Bitcoin industry, released their State of Bitcoin Q2 2014 report.

2014 130

Insight, Innovation and Finding Aha's

Small Business Labs

But we consider two to be of the greatest importance to us in our trend spotting and analysis work. The Harvard Business Review article Where to Find Insight provides a good primer on how to spot trends and create business insight that can drive innovation.

2014 130

Great Visualization of the Changing Part-Time Workforce

Small Business Labs

This analysis shows fewer part-timers for economic reasons and a decline in the overall percentage of people working part-time. We really like interesting data visualizations here at Small Business Labs.

2014 130

What is Computational Anthropology?

Small Business Labs

It's also leading to more timely and accurate analysis and deeper bahavior insights. MIT Technology Review's The Emerging Science of Computational Anthropology  covers how digital data is creating new opportunities to study human behavior.

2014 133

Gartner's Hype Cycle for Emerging Technologies

Small Business Labs

One of my favorite technology trend analysis and forecasting efforts is Gartner's annual Hype Cycle report.     The Gartner chart below summarizes the analysis for 2010. 

2010 165

DC Buzzing about Portable Benefits for Gig Workers

Small Business Labs

But even though they are excluded from their analysis, they would likely be included in any portable benefit laws. Busy week in DC related to the new economy: The Hamilton Project at Brookings hosted a gig economy event yesterday. The main topic was potential labor law changes. Brookings proposal is laid out in their paper Modernizing Labor Laws in the Online Gig Economy. It has multiple law change proposals, with the big one being creating portable benefits for gig workers.

2015 100

Financially Challenges Millennials Changing Society

Small Business Labs

About 875,000 more households are now made up of young adult renters than would have existed if the 2008-era trend had held steady, according to an analysis of census data by Jed Kolko, chief economist at Trulia, a real estate marketing website. According to several recent articles the financial problems of millennials is leading to changing behaviors and purchase patterns as well as broader societal shifts.

2014 114

The 2013 State of Independence Report Released

Small Business Labs

 This is the 3rd year we've worked with MBO Partners on this study and it's the most in-depth analysis of the independent workforce (freelancers, the self-employed, etc.) The 2013 MBO Partners State of Independence Report was released today.

2013 130

Major Shift in Thinking About Americans with Multiple Jobs

Small Business Labs

This is done by thorough data collection and rigorous analysis, both of which require a lot of time - often years in the case of the data.  Fusion's There are probably way more people in the 'gig economy' than we realize covers a major shift in thinking about how many people in the U.S.

2015 100

Is a War for Talent Starting in the On-Demand Economy?

Small Business Labs

Zen99's interesting analysis  of recruitment spend by on-demand economy companies, which we covered yesterday, shows the extent of the industry's recruiting efforts. It seems almost every day an on-demand economy company announces a big fund raise. For example, the delivery service Door Dash announced last week it raised an additional $40 million. 

2015 102

Disruption in the Industy Analyst Industry

Small Business Labs

 There are several worth noting: Industry Analyst/Journalism Hybrid : These are firms that are augmenting or replacing their traditional advertising based business models by adding industry analysis and/or research services. BI Intelligence : provides data and analysis on a wide range of digital topics. They do more in-depth analysis than the typical news site and claim they are filling a gap between traditional journalism and industry analysis.

2014 100

Independent Work - Tastes Great, Less Filling

Small Business Labs

  As part of the 2014 State of Independence research we conducted a cluster analysis looking at why people become and stay independent workers (self-employed, freelancers, etc.).   Interestingly, our cluster analysis shows most independent workers who report being satisfied or highly satisfied with independent work are almost evenly split between the fulfilling work cluster and the flexibility cluster as their main motivation for being an independent worker.

2014 100