Small Business Labs

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 77

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 89

Trending Sources

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 31

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 99

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 89

The Surprising Demographics of Small Business Owners

Small Business Labs

Demographics industry structure Small Business EconomyBecause of the extensive media coverage of young tech entrepreneurs, most people think the average small business owner is a 20 something techie who needs a shower. 

2016 104

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 52

Etsy Makes it Easy for Sellers to Move Off Etsy

Small Business Labs

  Artisan Economy Business Models Economic Decentralization industry structure New Artisans Small Business EconomyOne of the challenges online marketplaces face is sellers often do their best to move their customers off the marketplace to their own ecommerce site.

2016 106

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 52

Coworking Forecast - 26,000 Spaces and 3.8 Million Members by 2020

Small Business Labs

The industry is growing and hybridizing so fast , we're having a hard time keeping up with it.  But it also reflects a maturing market and the challenges associated with rapid growth as an industry gets bigger.  Coworking is booming.

2020 124

The Expanding High Skill Gig Economy

Small Business Labs

Key quote from Crain's: But as the industry has grown more competitive, with staffing agencies jostling for clients, contractors are worried about wage stagnation and amassing enough hours to pay the bills, which often include ​ law school debt. While

2017 77

Upwork and the Paradox of Place

Small Business Labs

This is happening because in our knowledge-intensive world, industries and people cluster in order to share information, generate ideas and cut deals. The average distance between buyers and sellers of services on the talent marketplace  Upwork  is over 1,000 miles.

2016 106

Highly Skilled Self-Employed Driving the Growth of the Gig Economy

Small Business Labs

  Corporate “wars for talent” - demand for highly skilled and/or specialized talent – in high-growth industries such as technology and healthcare, and in-demand job categories is leading to higher fees and increased revenue for many Independents. The Resolution Trust, a left leaning U.K.

2017 83

Craft Brewers Continue to Gain Market Share

Small Business Labs

  We revisited the industry in 2010 and found craft brewers 2009 revenue share of the U.S. Since 2009 the craft beer industry has continued to advance, with 2013 being a banner year. billion industry (a 14% revenue share) and is showing no signs of slowing down.

2014 93

Aging Baby Boomers Providing and Utilizing On-Demand Economy Services

Small Business Labs

  Key quote: Elder concierge, as the industry is known, is a way for the semi- and fully retired to continue to work, and, from a business standpoint, the opportunities look as if they will keep growing.

2017 61

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 31

The On-Demand Economy Driving Growth of Nonemployer Businesses

Small Business Labs

This is, of course, due to Uber, Lyft and the broader ride share industry. The U.S. Census  released their 2015 data on non-employer businesses last week.    Overall, the number of U.S. nonemployer businesses continued it's steady growth, increasing by 2.1% to 24.3

2017 57

Manufacturing Joining the On-Demand, Collaborative Economy

Small Business Labs

  The Quartz article An Uber model for manufacturing is ready to upend the industry  covers the distributed manufacturing company MakeTime.   Business Models industry structure small manufacturingEstimates are that most manufacturing equipment in the U.S.

2017 43

Why People Work in Coffee Shops and Why This Means Coworking Will Continue to Grow

Small Business Labs

But if only a very small percentage of folks working coffee shops figure out how beneficial community is, the coworking industry will continue its rapid growth. I ran across a really interesting post in Medium titled What are People Working on in Coffee Shops ? The title is a bit misleading.

2016 108

Coworking Has Crossed the Chasm

Small Business Labs

The Coworking Industry is an interesting white paper by coworking industry veteran Drew Jones, who is a partner in the boutique coworking consultancy OpenWork.   The key reason for this is the real estate industry and corporate America are starting to adopt coworking.

2016 97

The Rise of Coworking and the Variable Cost Economy

Small Business Labs

As we pointed out in the 2008 Intuit report The New Artisan Economy : … by the beginning of the 21 st century, ownership of large-scale infrastructures no longer determined business success in a growing number of industries.

2017 66

Top 10 Signs Coworking is Entering the Mainstream

Small Business Labs

The continued exponential growth of global coworking spaces and members : Karsten's Foertsch's excellent presentation on the coworking industry  made it very clear our forecast at the 2014 GCUC that there would be 1 million coworking members by 2018 is woefully low.

2016 89

What President Trump Means for the Gig Economy

Small Business Labs

To say Silicon Valley and the tech industry are generally not happy with the election of Donald Trump is a very big understatement. President-elect Trump has not talked much about the gig economy.

2016 78

The Growing Role of Small Business Coaches

Small Business Labs

Despite reputable programs like Vistage and lots of satisfied small businesses, the coaching industry overall has a less than stellar reputation.

2016 87

What Small Businesses Want from their Accountants

Small Business Labs

The accounting industry is an excellent case of study of what's happening to knowledge work in general. industry structure trends The Sleeter Group recently released a study looking at what small businesses want from their accountants.

2014 87

LinkedIn on the Power of Weak Ties - Implications for Coworking & Freelancers

Small Business Labs

This is a key reason the coworking industry is experiencing explosive growth.

2016 86

PayPal, Square & Others Moving Into Small Business Lending

Small Business Labs

Expect many more non-banks to enter the financial services industry in the coming years. BI Intelligence , the research arm of new site Business Insider, has an excellent report on PayPal and Square's activities in the small business lending space.

2015 115

Ageism Means More Self-Employed

Small Business Labs

Age discrimination is common across most industries which, of course, is a problem for the growing numbers of aging boomers who want or need to to continue working. 

2016 74

Coworking's Expanding Niches

Small Business Labs

  All the spaces listed are interesting, but a couple jumped out at us: Chicago's Coalition focuses on the energy and cleantech industries.  But the continued rise of niche spaces clearly indicates that coworking and the workspace-as-a-service industry is here to stay.

2017 47

Pokemon Go and the Gig Economy

Small Business Labs

Almost overnight an entire mini-industry of gig workers supplying support to Pokemon Go players has sprung up. Unless you've been living in a cave for the last week or so, you know about the Pokemon Go craze.

2016 74

Peak Stuff and the Luxury of Less

Small Business Labs

J Walter Thompson Intelligence's The Luxury of Less suggests that "pared-down lifestyles" with less stuff are becoming aspirational for the well-off.

2016 65

Most Americans Don't Want to Be Gig Workers, But 60 Million Do

Small Business Labs

More recently the Staffing Industry Analysts released their Gig Workforce study. Late in August Deloitte released survey results under the headline Deloitte survey finds 67 percent of Americans who have worked as independent contractors would choose not to do so in the future.    This led to a series of articles suggesting that this shows the gig economy is doomed because no one wants to be a freelancer ( click here for an example from Forbes ).

2016 65

Global Interest in Coworking Booming

Small Business Labs

And it's good times for this industry. The annual Global Coworking Unconference Conference  (GCUC) is this week in Berkeley, California. According to analysis by Deskmag, global interest in coworking is booming and at all time highs.

2015 89

Pet Tech Booming

Small Business Labs

  The chart below is an update of a chart we did for our 2011 article  The Amazing Growth of the Pet Industry. It shows pet industry spending grew again in 2016, reaching almost $63 billion. It's not just VCs and startups focusing on the pet industry.

2017 47

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 19

Despite Their Problems, Uber Will Likely Continue to Thrive

Small Business Labs

But as long as they are winning with consumers and their industry is growing at what the DC think tank Brookings call "hyper growth" , they have the time required to fix their problems. To say there's been a lot of recent bad news about Uber is, of course, a massive understatement. 

2017 31

Top 10 Small Business Trends for 2015

Small Business Labs

These firms will be hurt as the energy industry cuts back due to lower prices. Top 10 Small Business Trends for 2015. Below is our 8 th annual Top 10 Small Business Trends List. Click here to see last year’s list and for links to the lists from prior years.    2015 Technology Trends. The ongoing technology platform shifts to Cloud and Mobile Computing will continue as long term drivers of change in 2015.

2015 99

The Growing Number of Food Startups

Small Business Labs

  The trends driving VC and startup interest in the food industry are pretty straight forward - the food industry is enormous and more people are taking more interest in healthy eating.

2015 70

Is the Venture Capital Industry Broken?

Small Business Labs

According to the Kauffman Foundation, the VC industry is very broken. And He Is Us" is a damning analysis of Venture Capital as an asset class and the Venture Capital industry in general. The news here isn't that the VC industry is broken.   The Kauffman Foundation has long been a close friend of the VC industry.   Kauffman has many reasons why the industry is broken. Their report "We Have Met the Enemy.

2012 31

Forbes and its Freelance Workforce

Small Business Labs

 It's becoming common across almost all industries.   Business Models Freelance Independent workers industry structure self-employment Forbes recently released some fascinating data on their use of freelance writers.

2014 66