Small Business Labs

Each Year a Lot of Americans Start and Stop Being Freelancers

Small Business Labs

  We'll have our recession outlook in another article in the near future. 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

" The pros and cons of remote work are well known, but the article chart below nicely summarizes them. Recode's How remote work is quietly remaking our lives provides a deep dive on the growing impacts of the shift towards working remotely.

2019 148

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 Positive Mental Health Effects of Self-Employment

Small Business Labs

  Key quote from The Mental Health Benefits of Self-Employment , an article written by the study's researchers:  Our preliminary conclusions point to the importance of autonomy in the workplace.

2019 192

From Man’s Best Friend to Family’s Favorite Child

Small Business Labs

Chamber of Commerce's article The Pet Economy Kicks Into Overdrive. The article covers the growth of the pet economy. According to the article, "the U.S. Our favorite from the article is Nashville's BarkPark (pictured below).

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

GCUC 2019 - Coworking's Surge Continues

Small Business Labs

Allwork's articles GCUC 2019: What Coworking Members Really Want and GCUC 2019: Is the Coworking Market Saturated? The 2019 U.S. version of the Global Coworking Unconference Conference Series (GCUC) happened last week in Denver.

2019 230

40% of Americans Say They Struggle to Pay Bills

Small Business Labs

The reason, according to the article, is this expansion has been weaker and its benefits distributed far more unevenly than in previous growth cycles, Key article quote: This is a “two-tier recovery,” said Matthew Mish, head of credit strategy at the investment bank UBS.

2019 177

Deloitte on the Future of Work

Small Business Labs

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." "   As the article chart above shows (click to enlarge), they focus on three main areas: work, workforce and workplace. With this article Deloitte has done an excellent job simplifying it. 

2019 196

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

Small Business Labs

First, AB5 has a long list of professions that are exempt from the law (see the end of the article for the list).  California recently passed AB5 , a law that changes how workers are classified.

2019 139

Why Independent Work and Coworking Increase Mental and Physical Well-Being

Small Business Labs

As the McKinsey article points out, a lack of social support is not good. As we said in our article  Coworking Is Not About Workspace — It’s About Feeling Less Lonely , coworking spaces provide social support. 

2018 254

"The Venture Capitalizaton of Belonging"

Small Business Labs

The article starts by pointing out the long decline in the membership of traditional clubs. " The broader point of the article is that the new wave of clubs need to charge high prices because they are ventured backed, have lots of amenities and high costs. 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.

2019 193

Small Businesses Worried About Corporate Concentration - and Especially Amazon

Small Business Labs

Key quote from their article on the study : Many public policy decisions in recent years have fueled market concentration and favored their big competitors. The Institute for Local Self-Reliance recently released its 2019 Independent Business Survey.

2019 164

Coworking is Disruptive Innovation

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  But as Christensen points out in his 2015 HBR article What is Disruptive Innovation : as incumbents focus on improving their products and services for their most demanding (and usually most profitable) customers, they exceed the needs of some segments and ignore the needs of others.

2018 244

FROGs, WFA and Remote Work

Small Business Labs

  Two recent articles also point this out and add several new buzzwords to our remote work vocabulary. The article goes on to cover examples of productivity gains associated with remote work. 

2019 148

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

Small Business Labs

  The recent Allwork article Why Coworking Needs a New Definition covers the new name side. Liz Elam, long time coworking space owner and founder of GCUC, responded to this with her article Coworking Does Not Need a New Definition.

2018 239

A Look at Non-Employer Businesses from the SBA

Small Business Labs

  There's also a number of reasons why employer SMB numbers aren't increasing, but it's a longer story and we'll go into it in a later article.  The U.S.

2018 243

Podcasting Entering the Mainstream

Small Business Labs

But as the TechCrunch article Y Combinator Bets on the Booming Podcast Industry points out, revenues are expected to rapidly increase.  In case you hadn't heard, podcasting is booming. 

2019 203

Study Says Over Half of Older Workers Suffer Involuntary Job Loss

Small Business Labs

  As the article chart below (click to enlarge) shows, most of the study participants (56%) experienced at least one employer driven job loss after the age of 50, with many (18%) experiencing more than one. 

2019 222

What Independent Consultants Want

Small Business Labs

The Forbes article Breaking The Faustian Pact: What Motivates Professionals In A Gig Economy World? As the article chart below shows (click to enlarge), there are big differences.

2019 192

The Rise of "Wealth Work"

Small Business Labs

For example, Atlantic's recent article The Servant Economy is, no surprise given the title, quite negative on this trend.  Quartz's Life coaches are the new personal trainer highlights a trend we've been tracking since 2008 , the growth of personal services. 

2019 208

WeWork Files to Go Public

Small Business Labs

  See these articles for more details: Axios: WeWork files for long-awaited IPO. WeWork released its S-1 this week, which is the legal document a company files prior to going public.    WeWork going public is a bit of a watershed moment for the coworking industry.

Filing 151

"Job Crafting", Independent Work and the American Dream

Small Business Labs

  The New York Times article How to Make Work Better covers job crafting and suggests greater use of it by those with traditional jobs would make work much better. 

2019 202

Kauffman Foundation Indicators Show U.S. Entrepreneurship Near 20 Year High

Small Business Labs

We'll explain why in a future article.  The Kauffman Foundation recently introduced the Kauffman Indicators of Early Stage Entrepreneurship.    The indicators cover: Rate of new entrepreneurs : The broadest measure possible for business creation by population.

2019 192

The Democratization of Wealth Work

Small Business Labs

Key quote from the Associated Press article Richer US households fueling a hot job sector: ‘wealth work’ : The main driver of growth in these jobs is the expansion of the upper-middle class. The Brookings Institute's Who’s employed by the lifestyles of the rich and famous?

2019 139

More on the Changing Nature of Retirement

Small Business Labs

There's been a recent flurry of articles on retirement, mostly focusing on older people staying in the workforce longer than prior generations. It covers the fact that the world is rapidly getting older, as is shown in the article chart below.

Deloitte on the Alternative (Meaning Gig) Workforce

Small Business Labs

Deloitte's article The alternative workforce: It's now mainstream is taken from their 2019 Human Capital Trends report. " The data in the article comes from Deloitte's annual global business survey.

2019 156

Funding for Education Technology Startups Continues to Boom

Small Business Labs

  The article chart below (click to enlarge) shows some (but not all) of the bigger Edtech funding rounds in 2018. The article also references a prior Crunchbase article, China’s Education Startups Continue To Pull In Massive Funding Rounds.

2018 187

Does It Pay to Be a Writer? Yes, But Not Well For Most

Small Business Labs

The Pay Survey 2019: What 1,400+ Freelancers Get Paid to Write study surveyed writers of all types, with most writing articles and blog posts.   The article has a number of suggestions on how writers can increase their earnings.

2019 182

Ride Sharing Continues Rapid Grow

Small Business Labs

  But as the article chart below shows, ride sharing use is common across most age, income and educational cohorts. Pew Research recently did a study on the use of ride sharing services by Americans.

2019 187

McKinsey's Bias Busters Collection

Small Business Labs

These are some of our least read articles. McKinsey's Bias Busters Collection covers how are decisions are often affected by cognitive and/or organizational biases. 

2019 172

Half of U.S. Full-Time Employees Plan to Defer Retirement Due to Financial Reasons

Small Business Labs

We've long often covered the trend towards delayed retirement ( see our baby boomer section for many articles on this topic ). MetLife recently released their 2019 U.S. Employee Benefits study. It's the 17th year they've done this study.

What Highly Skilled Independent Workers Want

Small Business Labs

The global accounting and professional services firm EY has developed GigNow , an external online talent platform. 

2018 198

Yet More on the Changing Nature of Retirement

Small Business Labs

But it's an important trend and there continues to be a flurry of interesting articles on working in and/or delaying retirement. " The article suggest that corporations need to change their policies to retain older workers instead of losing them and their skills and knowledge.

2018 181

"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. The article covers Spacious , a startup that transforms unused space - especially restaurants outside of meal times - into shared workspaces.

2018 206

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 142

Uber and Lyft Offer to Compromise Over Driver Concerns

Small Business Labs

This Chronicle article nicely summarizes the views of both sides. Yesterday the CEO's of Uber and Lyft published an op-ed in the San Francisco Chronicle offering to support efforts to improve the working conditions, wages and rights of their drivers. 

2019 143

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

U.S. Birth Rates Continue to Fall

Small Business Labs

The Axios article The American Baby Bust covers the latest fertility data from the U.S. " As the article chart below shows (click to enlarge), in 2018 there were 59 births per 1,000 women ages 15-34. 

2019 143

Co-Living Startups Continue to Attract Funding

Small Business Labs

The article points out that most of these startups are selling community in addition to housing. "" In addition to the companies in the article, there are a few more notable co-living firm worth mentioning.

2018 203

According to the National Labor Relations Board, Uber Drivers are Contractors

Small Business Labs

Key quote from Bloomberg Law's article on the NLRB ruling : “The crazy quilt of state law tests for independent contractor status is not affected by the issuance of the Advice Memorandum,” Reibstein told Bloomberg Law. The U.S.

2019 143

TV Sitcom Explores the Blending of Work and Life and the Barriers Between the Professional and Amateur

Small Business Labs

Key quote from the article on this: There's one part of your question that I found interesting, and it is something that we talk about in the writer's room a lot.

2019 151

Can Traditional Employment Match the Flexibility of Independent Work?

Small Business Labs

" Another example comes from The Atlantic article  What Happens When Gig-Economy Workers Become Employees.

2018 185