Small Business Labs

Site Covers How the Economy is being Impacted by the Pandemic by Industry

Small Business Labs

Vertical IQ is a leading provider of Industry Intelligence for those advising small- and medium-sized businesses such as bankers, accountants, and other SMB advisors.      The chart below shows their high-level industry sector coverage.

2020 163

What WeWork's Troubles Mean for the Coworking industry

Small Business Labs

  But despite WeWork's woes, the coworking industry is doing just fine. As we pointed out a few months ago, the coworking industry continues to surge and WeWork's problems won't change this.  WeWork's troubles seem to be going from bad to worse.

2019 194

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Coworking Industry Competition Heating Up

Small Business Labs

The coworking industry is getting more competitive.  The coworking industry is attracting a range of new entrants.   This competition will impact the coworking industry in a variety of ways, with a big one being increased pressure on spaces to execute well.

2017 197

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

Small Business Labs

Key quote: The industry has come a long way since it first took off in the early 2000s.   We agree that the term "coworking" is too limiting for what's going in the commercial office space industry. It's the commercial office space industry

2018 245

Industrial Internet Changing Industries

Small Business Labs

Interesting study from Accenture on how the industrial internet is changing the competitive landscape of industries.   Accenture defines the industrial internet as the combination of Big Data analytics with the Internet of Things. Eighty-four percent feel that Big Data analytics has the power to shift the competitive landscape for their industry in the next year.

2014 150

Expert Network Industry Big and Getting Bigger

Small Business Labs

The industry is also growing rapidly, with industry revenues expected to exceed $1 billion by 2022. 

2018 181

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 237

The Ideas Industry

Small Business Labs

The Ideas Industry  is an interesting look at how the marketplace for ideas is shifting due to the emergence of for-profit think tanks and ideas entrepreneurs.   But the ideas industry is much bigger and much more diverse than presented in this book. 

2017 141

Upwork Going Public; Shows Maturation of Online Talent Marketplace Industry

Small Business Labs

  That both Upwork and Fiverr have reached the size and scale to go public shows the maturation and growing importance of the online talent marketplace industry. The online freelance talent marketplace Upwork filed last week to go public. 

2018 183

Healthcare Industry Embracing the Gig Economy

Small Business Labs

These include: The Stem : a ‘networked consulting’ model that draws on the industry’s leading independent talent to help health companies increase customer/patient engagement.   The gig economy continues to spread rapidly and is becoming a key talent source for many industries.

2017 185

Pet Industry Continues to Attract Venture Capital

Small Business Labs

Crunchbase's  Investors Unleash Millions Into Pet-Tech Startups covers the surge in pet industry venture funding over the past 5 years. Key quote: Funding in pet startups surged by 334 percent to $291.8 million compared to $67.2 million in 2012, according to Crunchbase research.

2018 151

2014 Pet Industry Trends

Small Business Labs

I can think of no better way to start 2014 than with a look at 2014 pet industry trends.  Multibrief's Pet Businesses Will Prosper: Industry trends for 2014 and beyond  provides such an outlook.   The pet industry is mostly made of small businesses.

2014 204

The Staffing Industry Analysts on the Gig Economy and Cloud Labor

Small Business Labs

The Staffing Industry Analysts (SIA) recently released their U.S. Gig Economy - 2018 Edition report. They found that about 48 million Americans are in the gig economy, which is 31% of the workforce. They also found about 13.7 million Americans are human cloud workers. 

2018 187

The $11 Billion Workspace-as-a-Service Industry

Small Business Labs

The 1st Annual Local-Mobile Workspace-as-an-Industry conference was recently held in San Jose. The workspace-as-a-service industry includes office business centers, coworking facilities, incubators and other shared office environments and services.

2014 271

The Staffing Industry Analyst's Human Cloud Framework and Taxonomy

Small Business Labs

Last week the Staffing Industry Analysts (SIA) released The Human Cloud, the Gig Economy & the Transformation of Work. It nicely covers the topics mentioned in the report title.

2017 185

Growing Direct Selling Industry Employs Over 20 Million Americans

Small Business Labs

This makes direct selling a relatively bright sector of the retail industry.   A couple of other interesting data points on the direct selling industry are women make up 77% of sellers and wellness products are driving the growth of the industry (see chart below; click to enlarge).

2017 186

COVID-19's Huge Financial Impact on Cities

Small Business Labs

   The first set of impacts hit consumer-facing industries, like travel, entertainment and dining.    But we're now seeing firms and organizations further up the value chain from these industries get hit. 

2020 187

Media a Barbell Industry

Small Business Labs

Paid Content has an interesting article on media becoming a barbell industry.   Barbell industry structures consist of a relatively few giant corporations on one end, a narrow middle consisting of a shrinking number of mid-sized firms, and a large and growing number of small, micro and one person (solopreneur) firms on the other end. We've looked at dozens of industries and all have this structure or are moving to it.   industry structure

2013 141

The Ups and Downs of the 3D Printing Industry

Small Business Labs

The 3D printing industry is at an interesting point, with both good and bad news coming out on a regular basis. But even as it slumps a bit, there's still a lot enthusiasm around the 3D printing industry and no change in the view 3D will eventually fundamentally change how things are made.

2015 203

Academic Study Measures the Pandemic's Impact on Small Businesses

Small Business Labs

Not surprisingly, the largest drops in hours worked were in firms in the leisure and entertainment, beauty and personal care, and bars and restaurant industries.

2020 177

The State of the VC Industry - Fewer Firms, More Funding

Small Business Labs

TrueBridge Capital Partners recently released a report on the State of the Venture Capital Industry. The large funds are able to do this because they are garnering a larger share of industry assets.

2015 191

More Industries Moving to the On-Demand Economy

Small Business Labs

This means few, if any, industries won't become part of the on-demand economy.

2017 158

Meetings a Huge Industry

Small Business Labs

Based on these numbers, the meetings industry contribution to U.S. GDP is greater than the motion picture/recording industry ($113B), performing arts/spectator sports/museums ($87B) and information and data processing services ($80B). According to a report by the "Big 4" accounting firm PriceWaterhouseCoopers (PWC), in 2012there were "1.83

2014 144

The Rise of the Skills Training/Job Placement Industry

Small Business Labs

In response to this problem a rapidly growing industry focused on providing skills training and job placement has emerged. Expect to see this industry continue to expand in the coming years. The current employment picture is quite interesting.

2015 203

The Rise of Independent Worker Teams: Fiverr's Studios and Upwork's Agency Experience

Small Business Labs

gig economy Independent workers industry structure Small Business Economy trends

2019 214

Direct Selling Industry Employs More People Than the Online Gig Economy Platforms

Small Business Labs

This goes back to the early days of the direct selling industry in the late 1950's and early 60's. At that time the industry specifically targeted women as the market and women as sellers. According to the Direct Selling Association (DSA), 20.5

2017 173

Deloitte on Industrialized Crowdsourcing

Small Business Labs

Deloitte University's Industrialized Crowdsourcing is one of the best, relatively short descriptions of crowdsourcing I've read.   The key quote is the summary: Enterprise adoption of the power of the crowd allows specialized skills to be dynamically sourced from anyone, anywhere, and only as needed. Companies can use the collective knowledge of the masses to help with tasks from data entry and coding to advanced analytics and product development.

2014 141

Disruption in the Industy Analyst Industry

Small Business Labs

As industry analysts we are very interested in new and innovative business models and practices in our industry.  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. It will be interesting to see how this industry evolves.   Business Models industry structure

2014 142

Podcasting Entering the Mainstream

Small Business Labs

Most revenue estimates for the podcast industry continue to be small - ranging from $500 - $700 million in 2018. But as the TechCrunch article Y Combinator Bets on the Booming Podcast Industry points out, revenues are expected to rapidly increase. 

2019 209

The Economic Impact of Craft Brewing

Small Business Labs

  The study found that the craft brewing industry contributed $79.1 We even featured the industry in a 2008 research report,  The New Artisan Economy,  which we did with Intuit.    Artisan Economy industry structure trends

2019 172

This Old Marketing Farewell Episode: Sometimes the End Is a Beginning

Small Business Labs

What is your best advice to someone who wants to get started in the content marketing industry? (1:09:19). Industry News and Trends PNRPNR: This Old Marketing with Joe Pulizzi and Robert Rose can be found on both iTunes and Stitcher. .

2017 284

Industry Structures - Big Get Bigger, Small Get Smaller

Small Business Labs

We've done a lot of work looking at Barbell Industrial Structures. Almost all of the industries we've studied exhibit the Barbell Industrial Structure. Our research has focused on industry revenue, profitability and market share. industry structure

2012 191

Staffing Industry Research Firm Says There are 44 Million Gig Workers

Small Business Labs

The Staffing Industry Analysts (SIA)  recently released a study showing that nearly  30% of the U.S. Staffing Industry Analysts describes the latter as “human cloud workers.”

2016 176

U.S. Census Pulse Survey Finds Small Businesses Getting Slammed

Small Business Labs

   The industries with the highest percentages of businesses reporting a large negative effect are: Accommodation and food services - 83%. The U.S. Census has created a Small Business Pulse survey to track and measure how small businesses are faring during the COVID-19 pandemic.

2020 174

The Recession's Economic Damage is Widespread

Small Business Labs

One reason for this view is almost all industries are being negatively impacted by the recession. This index is calculated by adding the percentage of industries with employment increasing plus one-half of the industries with unchanged employment.

2020 154

Small Businesses Worried About Corporate Concentration - and Especially Amazon

Small Business Labs

  So it's clear the respondents consider big firms and industry consolidation a major problem.   Government Policy industry structure Small Business Economy trendsThe Institute for Local Self-Reliance recently released its 2019 Independent Business Survey.

2019 169

Uber, Lfyt and Ridesharing Spreading to Adjacent Industries

Small Business Labs

  But the ridesharing industry is not just stopping there. It's starting to have major impacts on adjacent industries.  Business travelers, the mainstay of the rental car industry, are also switching from rental cars to ridesharing.

2016 141

Google and Facebook's Domination of the Advertising Industry

Small Business Labs

This is a paid subscription site ($399 annually) that covers the technology industry. Well worth subscribing to if you have a strong interest in the tech industry.

2016 130

Small Business Closure Scenarios

Small Business Labs

Based on an industry by industry analysis (1), our base case estimate is 21% of U.S.    Notes: (1) Our analysis looked at industry level historical closure rates (see the U.S. employer small businesses will close in 2020 (2) (3).    This is about 1.2

2020 177

What is the Industrial Internet?

Small Business Labs

Industrial giant GE has been pushing the idea of the Industrial Internet, including publishing a detailed white paper on the concept.   GE's definition of the Industrial Internet is primarily focused on big machines like aircraft engines and power generators. The concepts and ideas behind the Industrial Internet are not new.   This is a larger scale variation on the concept of the Internet of Things , first coined back in the late 1990s.

2012 150

PWC's 2040 Industry Cluster Forecast

Small Business Labs

Industry clusters are place where there is a concentration of companies and services related to a particular industry.    The best know example is the tech industry cluster in Silicon Valley.  

2010 157

The Staffing Industry Analysts Temp Worker Forecast

Small Business Labs

The Staffing Industry Analysts (SIA) is a research and industry analyst firm that focuses on contingent work. Their clients are staffing industry firms and corporations that employ contingent and/or temporary workers. staffing industry forecast. The recently released their 2022 employment projections and U.S.  The full report is only available to their clients, but they publicly released their high level forecast numbers. The key SIA forecast is that U.S.

The Return of Independent Bookstores

Small Business Labs

We refer to this as a barbell industry structure , which we cover in more detail in our Industry Structure section.   industry structure New Artisans New Localism Small Business Economy

2018 207