Small Business Labs

Most Millennials Think Starting a Business is Risky

Small Business Labs

This is a theme we've covered in the past in our article Risk Profiles of Freelancers Versus Non-Freelancers. 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 213

Uber and Lyft Help Drivers Weather Financial Shocks

Small Business Labs

These study findings are discussed in more detail in the Aspen Institute's article  New Findings Reveal the On-Demand Economy Plays Key Role in Improving People’s Financial Stability.

2018 189

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 189

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

Small Business Labs

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

2018 221

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

Small Business Labs

  Our recent HBR article  Coworking Is Not About Workspace — It’s About Feeling Less Lonely  focused on the loneliness issues coworking helps with. Social isolation and loneliness are related, but not the same thing. 

2018 217

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 208

Coworking, Differentiation and Segmentation

Small Business Labs

The Laya Center is an interesting example of this trend, which is covered in several recent news articles. Kansas City's Laya Center  (pictured below) is the  the first coworking spa in the U.S.

2018 179

LinkedIn's Deep Dive on VanLifers and Digital Nomads

Small Business Labs

  Key quote from the article on the featured VanLife couple: The couple is among other digitally savvy nomads, who have customized Volkswagen Syncros and other vans to live and work on the road rent-free.

2018 176

Romancing the Gig Economy

Small Business Labs

The chart below, from her article  Shades of green: What gig economy workers can learn from the success of romance writers,  shows how romance writers have seen their income increase even as the income of other authors have declined.

2018 179

NPR on Anxiety in the Gig Economy

Small Business Labs

  Key quote on the positives of gig work from their article  What Makes Gig Worker Anxious : "Our survey finds that gig workers highly value setting their own schedule and being their own boss."

2018 153

Flying Cars May Finally Happen

Small Business Labs

The article also reports a number of large firms are also working on flying cars. Cassandra reports that flying cars could reach consumers as soon as 2019. 

2017 200

Dog Walking Company Wag Raises $300 Million

Small Business Labs

  According to a New York Times article on the funding round , a key reason Wag can raise this much money is the value of their data.

2018 167

Fiverr Buys And Co; ADP Buys Work Market; Expect More Gig Economy Acquisitions

Small Business Labs

See the Spend Matters article  ADP Acquires WorkMarket, Steps into Contingent Workforce and Total Talent Management Space  for more details. There were several interesting recent acquisitions in the gig economy space.

2018 172

Upwork's 2017 Freelancing in America Study

Small Business Labs

Justin Fox, in his Bloomberg View article  The Rise of the Not-Just-Freelancing Freelancer on the study, adds this non-Silicon Valley description of a diversified worker: someone who works part-time at Wal-Mart, babysits, and knits sweaters for sale. 

2017 202

U.S. Coworking Forecast: 2018 to 2022

Small Business Labs

  This is due to the increasing size of coworking spaces ( see our global forecast article for more details ) and results in the number of U.S. Our U.S. coworking forecast projects continued growth for the U.S. coworking industry over the next 5 years. 

2018 175

"As a Freelancer My Career is a Constant Classroom."

Small Business Labs

These findings are why the Information Age article Rise of the IT Freelancer jumped out at us. We used part of the key quote in our article title: "As a freelancer my career is a constant classroom – unlike university though, it’s one where I can earn money for attending."

2016 280

The Rise of Coworking Lifestyle Brands

Small Business Labs

Key quote on from the New York Times article The Wing, a Chic Women's Club, is Going Wide  on what it may evolve into: " a locus of a mediacentric feminist movement, like Ms. Coworking has always been about much more than just a place to work. 

3D Printing Moving Past Prototyping to Large Batch Manufacturing

Small Business Labs

Key quote from their article How to Position Your Company in the 3D Value Chain : In 2015, the entire 3D-printing market—which includes products made from plastics, ceramics, and metals—totaled $5 billion.

2017 205

The Gig Economy Pivots to the Enterprise

Small Business Labs

Over the past few months there's been almost a stampede of gig economy companies talking about the corporate market and/or announcing new services, products or initiatives aimed at serving large corporations.

2017 209

Coworking Industry Competition Heating Up

Small Business Labs

  The common factor across all these articles is the coworking giant WeWork, which was profiled last week in an extensive Wall Street Journal article. The WSJ article focuses on the various quirks of WeWork's CEO, and especially his penchant for tequila. 

2017 192

Are There More Gig Walkers Than Uber Drivers?

Small Business Labs

According to the NY Times article Plugging Into the Gig Economy, From Home With a Headset , there are more than 100,000 call center agents who work as independent contractors through on-demand call center platforms. When most people hear the term "gig economy, they think of Uber.

2017 186

Young Farmers: Educated, Female and Pursuing Sustainable Farming

Small Business Labs

The National Young Farmers Coalition's report Building a Future with Farmers covers the demographics, issues and needs of young farmers (those under the age of 40). The quick summary is young farmers are quite different than old farmers. 

2017 180

Are Makers the Future of Small Manufacturing?

Small Business Labs

The recent article  Economy of Scale: Can the Maker Movement Revive U.S.   The article chart below provide some interesting data on the growth of maker entrepreneurs. 

2017 174

The Cities With the Most Self-Employed

Small Business Labs

  See this article for more details.  A new report from the Stephen S. Fuller Institute at Virginia’s George Mason University shows that Miami has by far the most non-employer businesses per capita in the U.S. click on chart to enlarge).

2017 177

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

Small Business Labs

At the same time, the article points out that "shipment volumes declined for 16 of the top 36 craft-style U.S. 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 200

Job Growth Slowed in 2017; Implications for the Economy in 2018

Small Business Labs

job growth comes from the Yahoo Finance article Challenge for Trump: Job Growth is Slowing. Despite all the noise from DC about a booming economy and massive job growth, the U.S. economy created fewer jobs in 2017 than in 2016 and economic growth was moderate.    U.S.

2018 157

Consumer Goods Workers Increasingly Choosing Gig Work

Small Business Labs

" According to the article, the primary driver is skilled gig workers earn a lot more than traditional employees doing the same work. 

2018 149

Five Major Global Economic Challenges

Small Business Labs

The article is written by Kalin Anev Janse, secretary general of the European Stability Mechanism (the eurozone’s lender of last resort).   But this article focuses on the potential of these trends to create global strife. The article is well worth reading.

2017 165

Most Cities Embracing the Sharing Economy

Small Business Labs

  So naturally, Fast Company's article's headline on the report is 33% Of U.S. It's always interesting how the media covers the sharing economy. 

2017 171

The New Migrant Workers: "Workampers", "Vanlifers" and Digital Nomads

Small Business Labs

According to the article, many are doing this to shore up their retirement finances: millions of others are entering their golden years with alarmingly fragile finances. As the article chart below shows, many older Americans are reliant on social security for income.

2017 174

Drone Sales Taking Off

Small Business Labs

This data comes from The Consumer Technology Association via the Axios article Demand for Drones is Exploding. The chart below (click to enlarge) is from the article. Over 3 million drones are expected to be sold in the U.S. 2017, with 4.45 million forecast to be sold in 2018.

2017 184

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

Small Business Labs

For more this, see The Rideshare Guy's article on the study. 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. The only problem was their analysis was flawed, something they conceded this week. 

2018 129

Wireless Data Usage Continues to Explode

Small Business Labs

The chart below illustrating this is from the Axios article  America's insatiable wireless appetite. According to the article:  In 2016, there were 291 million unique wireless subscribers in North America, representing 80% of the region's population.

2017 176

The Rise of the Long Term, Off-Balance Sheet Worker

Small Business Labs

  They describe this in their recent article Forces of Change: The Future of Work. Off-balance sheet worker is the term Deloitte uses for contingent workers, such as freelancers, independent contractors and other non-employees. 

2017 161

Will Consultants be Replaced by AI?

Small Business Labs

The reason, according to the article, is that machines are much better and faster at processing information than humans. The Financial Times article  Self-driving cars prove to be labour-intensive for humans nicely covers this topic. Since we're consultants, we hope not.

2017 190

Why Coworking is Booming

Small Business Labs

Simply put, the article explains why coworking is working. According to the article, coworking "literally sits at the convergence of these trends.

2017 219

What the Paperless Office Has to do With Self-Driving Cars

Small Business Labs

By coincidence, the Wall Street Journal had  an article on the paperless office getting closer (registration required) a few days after the Lyft essay was released.

2016 246

Silicon Republic's Future of Work Series and Being Human

Small Business Labs

Silicon Republic's Future of Work Week has an interesting set of articles on this topic. It covers pretty much all the standard future of work topics like AI, digital transformation, the changing nature of careers, etc. 

2017 168

What President Trump Means for the Gig Economy

Small Business Labs

According to the Yahoo Finance article How the gig economy will fare under President Trump , the president-elect said he in favor of less regulation. President-elect Trump has not talked much about the gig economy.

2016 241

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

Small Business Labs

BTW, the best article describing the pass-trough provisions of this bill we've seen is Money Watch's  What's all the fuss about "pass-through income"? Also, the Journal of Accountancy has a good article covering most of the bill in detail. 

2017 161