Small Business Labs

Post Pandemic, the Hybrid In-Office, Remote Work Model is the Most Favored

Small Business Labs

The Washington Post's recent article T he hybrid office is here to stay. The Washington Post article's title mentions that this shift will be disruptive.    But the focus of the article is on it being disruptive for companies.

2021 65

Flurry of Articles on Micropreneurship

Small Business Labs

 Articles include: Why People Want to Be Micro-Entrepreneurs :  From Fast Company Co.Exist, this article covers a survey by micro-task site Fivvr on why people want to be micropreneurs. Why Micropreneurship May Be the Key to Job Creation :  A Huffington Post article that interviews the CEO of Task Rabbit, a micro-job site.

2012 147
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The Rising Net Worth of the Less Affluent

Small Business Labs

The article chart below shows the dramatic increase in the bottom 50%'s wealth since the Great Recession. While very good news, the article points out there is still long way to go. 

2021 65

LinkedIn's New Freelance Marketplace

Small Business Labs

According to the article: Marketplaces, which is supposed to launch in September, will focus on white-collar jobs in fields like design, marketing, and software development.

2021 88

Recode's 10 ways office work will never be the same

Small Business Labs

At around 4,000 words, Recode's 10 ways office work will never be the same is really more of a report than an article. The article is chocked full of data and links to interesting studies illustrating what offices will be like post-pandemic. 

2021 70

Side Gigs for Restaurants

Small Business Labs

The New York Times article You’ve Heard of Ghost Kitchens. Key quote from the NYT article on the burger franchise MrBeast Burger , which takes its name from the well-known celebrity YouTube star MrBeast : MrBeast Burger is not quite what most of us think of as a chain, or even a restaurant.

The Legal and Tax Complications Faced by Digital Nomads and Their Employers

Small Business Labs

  A quick summary of the article is if you're working remotely, it can be pretty complicated and potentially expensive from a tax perspective. Thanks to the pandemic, employers and employees have both embraced the advantages of remote work. 

2021 65

Spending on Pets and Investing in Pet Startups Continues to Grow

Small Business Labs

   And according to Crunchbase News bad pet pun infused article Pets Became Purrfect Pals During Pandemic While Startup Funding Didn’t Lay Down , 55 pet startups raised $281 million in venture funding in 2020 (chart below).

2021 67

The Long Term Shift in Business Applications to Solopreneurs

Small Business Labs

  See this article for details on the business formation statistics and the 2020 surge in new business applications.   In the early 2000s, about 60% of all new business applications were from businesses planning on having employees. 

2021 78

Uber Grants U.K. Drivers "Worker" - But Not Employee - Status

Small Business Labs

   But as we pointed out in our article  A Third Way to Classify Workers Gains Momentum , we've changed our minds.  After losing a U.K. Supreme Court case,  Uber this week announced it would be classifying its U.K. drivers as "workers."

2021 67

Yet Again, Flying Cars are Predicted to be Just Around the Corner

Small Business Labs

Both the New York Times and the BBC have recent articles claiming that flying cars, in the form of flying taxis, will soon be common.    The picture below is from a 1917 newspaper article and shows the Curtis prototype, which, of course, never went into production.

2021 84

American Express on The Rise of the Digital Nomad

Small Business Labs

  As we pointed out in our article The Wannabe Digital Nomads , most people saying they're interested in becoming a digital nomad won't do it.   American Express recently released its annual Global Travel Trends report.  

2021 67

The Texas Power Outage and the Rise of Microgrids

Small Business Labs

As the Bloomberg article title implies, going the full solar route is still a bit expensive. Both of the partners at Emergent Research started their careers as economists, specifically energy economists.

2021 70

Creative Boom on What They Never Tell You About Becoming a Freelance Creative

Small Business Labs

There's lots of articles these days covering how to become an full or part-time independent worker (freelancer, independent contractor, gig worker. See the article for the descriptions. 

2021 67

The Growing Role Small Businesses and Independent Workers Play in Corporate Ecosystems

Small Business Labs

The article chart below, which shows the 7 largest companies in the world by market capitalization, really jumped out at us.  McKinsey's Ecosystem 2.0: Climbing to the next level summarizes ecosystem 2.0 as: In the emerging world of Ecosystem 2.0,

2021 76

Nonprofit Sector Has Lost Close to Million Jobs During the Pandemic

Small Business Labs

  Key quote from the Axios article Nonprofits in crisis amid the pandemic : "When you lose a nonprofit job, you’re not only losing that job, but the community is losing a service," says Tim Delaney, president and CEO of the National Council of Nonprofits. "It’s

2021 67

Poshmark and the Rise of Social Selling

Small Business Labs

   In the Barron's article Poshmark CEO Sees Huge Market for Used Goods. Poshmark is a social e-commerce platform where people buy and sell secondhand goods, mostly used clothes.    It went public last week and closed its first trading day worth $3 billion.  

2021 67

Marie Claire and the Mainstreaming of Freelancing

Small Business Labs

  Marie Claire is currently featuring a multi-article Guide to Going Freelance as its top content offering right now.   The guide continues with three other articles, each of which covers a specific freelancer-related topic. 

2020 69

A Third Way to Classify Workers Gains Momentum

Small Business Labs

Supra's article  Reconciling the Gig Economy in California: Changes to Worker Classification Laws Since AB 5  nicely covers these. In the recent election, California voters overwhelmingly passed Proposition 22.

2020 72

The K-Shaped Recovery

Small Business Labs

Chamber of Commerce article The K-Shaped Recovery and the Cost of Inaction.  " The Chamber article illustrates this by pointing out that "the financial services sector, for example, has already recovered 94% of its pre-pandemic employment.

2020 78

The Wannabe Digital Nomads

Small Business Labs

" The chart below, also from the Bloomberg article, shows that 19 million Americans say they plan to become digital while another 45 million say they are considering it.

2020 72

Global Interest in Coworking Booming

Small Business Labs

Key quote on from their article on their study of Google Trends data related to the search term "coworking": The worldwide searches for the term “coworking” on Google have reached their current peak this March. The international information in this report - the article includes data and charts on regions and cities from around the world - is quite fascinating and illustrates the global phenomena coworking has become.

2015 200

What it Takes to Be a Successful Freelancer

Small Business Labs

Several good articles this week about what it takes to be a successful freelancer.   The article chart below lists the 7 questions. See the article for more details. The 8 skills listed in the article are: Communications.   The information and advice is all three articles is consistent with our research on independent workers.

2015 184

A Flurry of Articles on the She-conomy

Small Business Labs

Several good articles on the growing role women are playing in the economy this week.  The NY Times article is in their Europe section, which I like because we get a lot of questions asking if the She-conomy is only a U.S.   Huffington Post's The Decade of the Women is Upon Us covers the She-conomy trend from the Intuit 2020 Report  and adds the very important point that women doing better does not mean men have to do worse. 

2010 127

The Stunning Financial Success of Gig Economy Marketplaces

Small Business Labs

  As the Financial Times article Airbnb and DoorDash IPOs leave gig economy issues unresolved points out, most of these firms are still not profitable.  Last week Airbnb and DoorDash went public with breath taking valuations. 

2020 65

The Rapidly Growing Creator Economy

Small Business Labs

  But even more recently, Atelier switched to calling it the creator economy in their Harvard Business Review article The Creator Economy Needs a Middle Class. This article points out one of the issues facing the creator economy is while a few creators make lots of money, most make very little.  Axios' App rush: Talent over trash covers the growth of social media apps where the content is created by digital content creators who are getting paid. 

2021 57

Braintrust - a Coop Online Freelance Talent Marketplace

Small Business Labs

And, like Braintrust, the article argued that coops would provide workers with more income and control.  Braintrust is a new entrant in the online talent marketplace space, but with a twist. 

2020 75

The Rise of Synthetic Biology (and Synthetic Biology Platforms)

Small Business Labs

  But the TechCrunch article mentions several other examples, with our favorite being Pivot Bio.

2020 73

The Lean Years

Small Business Labs

Rarely do I read an article that captures and describes the impact of economic uncertainty on personal decision making as well as The Lean Years.    The article goes on to point out that most of the good things in life are free, so things really aren't that bad.   Written by Millennial and freelance writer Melina Coogan (Twitter handle @melinacoogan), The Lean Years describes the economic angst of many Millennials (and those older).

2014 206

Which Colleges Will Survive the Coronavirus

Small Business Labs

  His article This Chart Predicts Which Colleges Will Survive the Coronavirus has caused quite a stir in colleges and universities across the country.  Scott Galloway is a professor at NYU, tech entrepreneur, author, and popular podcaster. 

2020 76

Cats Drive 15% of All Internet Traffic

Small Business Labs

 The article picture below shows a mix of animal Internet stars. Regular readers know we like pet trends. But I admit our coverage has been slanted towards dogs, mostly because I like dogs.    But cats are more popular with online audiences. In fact, according to Bloomberg's The Magazine Trying to Bring the Web's Cat Obsession Offline , cats drive almost 15 percent of all Web traffic.

2015 197

Fast Food Declining; Food Trucks Increasing

Small Business Labs

The Forbes article Survey Says Americans are Losing Their Appetite for McDonald's, Taco Bell and Burger King covers a study showing that consumers - and especially Millennials - are choosing fast casual restaurants over fast food places. Key

2014 208

Coworking, Independent Work and Happiness

Small Business Labs

  Last fall in our article Why the Self-Employed Flourish  we pointed out the key reasons independent workers tend to be happy and satisfied with their work: Most independent workers have. Over the last year or so we've been digging deeper into why independent workers are consistently more happy at work than traditional employees. 

2015 186

The Growing Army of Freelancers Providing Services to Businesses

Small Business Labs

And as we pointed out in last week's article Staffing to the Valley's, Not The Peaks , the demand for independent workers - and especially those with specialized skills - will likely grow even faster post-pandemic.

2020 79

75 Must-Know Statistics About Race, Income, and Wealth

Small Business Labs

  Key article quote summarizing these statistics: "On average, people of color experience significantly lower levels of income, retirement savings, and rates of homeownership than white Americans.

2020 71

One Health Advantage of Work Autonomy and Control May be Less Risk of Dying

Small Business Labs

Key quotes from the Science Daily article Is your job killing you? Independent workers (freelancers, gig workers, independent contractors, etc.) consistently report a major benefit of being independent is the work flexibility, autonomy, and control it provides.

2020 75

Why the Self-Employed Flourish

Small Business Labs

  The Fast Company article Why Being Engaged at Work Isn't as Simple as "Being Happy"  covers the issue of low employee work engagement, pointing out that only 30% of U.S.   The article suggests that the reason so few are engaged is because few are given the opportunity to flourish. According to the article: "a job that matches well to their strengths, a boss who cares about their development, and a mission that gives them feelings of purpose."

2014 190

From 20th Century Jobs to 21st Century Work

Small Business Labs

The Forbes article Hack Work To Combine Peak Performance and Personal Purpose has a fascinating chart that compares 20th century jobs with 21st century work.   According to the article the key shift is towards self-management.   Developed by future of work expert Ayelit Baron , the chart (shown below) nicely summarizes many of the shifts and trends we follow.

2014 204

3D Printing 2.0

Small Business Labs

As the Crunchbase article 3D Printing Investment Going Vertical As Big Exit Looms points out, 3D printing has been around a long time and, so far, has not lived up to its hype.  Desktop Metal , a leader in 3D printing with printers than can build metal parts, is going public. 

2020 64

Competition to Hire On-Demand Economy Workers Heating Up

Small Business Labs

The article chart below shows the impact of these efforts on the prices of common Google adword search terms related to the on-demand economy. Really interesting atricle  by the folks at Zen99 on the amount of money being spent by on-demand economy companies like Uber, Lyft and Instacart are spending to recruit "providers" (contract workers).    The numbers are quite large.

2015 182

Digital Nomad Trend Taking Off

Small Business Labs

Tanya Mohn's New York Times article Coworking on Vacation: A Desk in Paradise  hit a cord with readers.   The article focuses on coworking facilities in exotic or tourist oriented locations that also provide accommodations. Based on the reaction to this article, we expect many will become digital nomads and/or take workations in the future. It lit up social media with thousands of tweets and Facebook posts. 

2015 181

Our Updated Small Business Closure Forecast is More Optimistic, But Still Grim

Small Business Labs

   For more on the forecast scenarios and methodology, see our April 7th forecast article In early April, we released a 2020 small business closure forecast.

2020 71

The Infrastructure Behind the Rise of Crafters, Makers and Hobbypreneurs

Small Business Labs

  As the Reuters article Do-it-yourselfers inspire hardware renaissance in Silicon Valley explains: "a proliferation of high-tech but affordable manufacturing tools and new sources of funding are empowering a generation of handy entrepreneurs and laying the foundation for a hardware renaissance." Back in 2009 we released Today's Hobbyists are Tomorrow's Hobbypreneurs , a report on the Maker Movement with our partner Intuit.

2014 206