Small Business Labs

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 233

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 195

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 219

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 177

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 174

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

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 146

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

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 181

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 171

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 157

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 181

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 195

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 183

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 269

Craft Brewers Continued to Gain Share on Global Brewing Giants in 2018

Small Business Labs

  We first started following the craft beer industry in 2006 because we felt the industry was a good example of the growth small, niche markets.    It's also a good example of a barbell industry structure. The same is true in many other industries.

2019 142

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.   So it's no surprise the industry is starting to extend their community efforts by embracing coworking.

2019 227

3D Printing Industry Forecast to Reach $12.5 Billion in 2018

Small Business Labs

"Big Three" strategy consulting firm Bain and Company is forecasting the 3D printing industry will continue its rapid growth and reach $12.5

2018 206

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

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 201

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

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 134

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 184

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 196

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

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 138

The Most Common Professions of Skilled Freelancers Working for Businesses

Small Business Labs

Independent workers serve all industries, work with both businesses and consumers and participate in pretty much every job type and profession. Construction is also lower, which is true for the construction industry overall.

2019 200

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 134

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 136

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

Coworking is Disruptive Innovation

Small Business Labs

is formed in a niche market that may appear unattractive or inconsequential to industry incumbents, but eventually the new product or idea completely redefines the industry.

2018 242

Mercer's Global Talent Trends - Disruption and Greater Use of Non-Employee Labor Ahead

Small Business Labs

The major finding is 73% of the executives surveyed expect their industry will experience significant disruption over the next 3 years.    The study chart below (click to enlarge) summarizes the main sources of disruption by industry

2019 185

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

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

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 184

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

McKinsey's Bias Busters Collection

Small Business Labs

Instead, we use diffusion of innovation models that incorporate growth rate data from similar industries or products that are more mature.  McKinsey's Bias Busters Collection covers how are decisions are often affected by cognitive and/or organizational biases. 

2019 169

Academic Studies Show Gig Economy Larger Than Government Data Suggests

Small Business Labs

This, of course, is not new news to those who have been following industry research on the gig economy.  Several papers related to the gig economy presented last week at the American Economic Association annual meeting caught our eye. 

2019 217

Is Craft Brewing a Harbinger of a New Artisan Economy?

Small Business Labs

There have been a number of recent articles pointing out that despite having to compete with several giant beer companies, the craft brewing industry has dramatically expanded over the past decade. Artisan Economy industry structure New Artisans New Localism trends

2018 193

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 144

Is the Staffing Industry Facing a Kodak Moment?

Small Business Labs

These are good times for the temporary staffing industry. As the American Staffing Association chart below shows, the industry has been booming since the steep declines caused by the Great Recession. 

2016 130

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 149

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.