Small Business Labs

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 70

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 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 60

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

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 48

After a Decade of Strong Growth, Craft Brewing Industry Shows Signs of Slowing

Small Business Labs

of the beer industry's 2016 volume.  beer industry's revenue.  So while the craft beer industry is still growing, the growth is starting to slow. The reason is the beer industry is such a clear example the barbell. 

2017 40

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 57

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 88

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 74

Tech Jobs Moving to the Midwest

Small Business Labs

Key quote from NY Times article: companies in every industry need mobile apps and appealing websites, which can be made smarter with data and constantly updated.   Economic Decentralization industry structure Mobile trendscompanies have long moved work overseas to save money.

2017 73

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 58

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

Proposed Senate Tax Bill Would Change Gig Worker Classification and the Gig Economy

Small Business Labs

  The industry would also continue to face worker classification issues in other countries.  Senate Republicans are turning to the gig economy for new revenue to offset their proposed tax cuts.

2017 57

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

Small Business Owners Getting Older and Not Planning to Fully Retire

Small Business Labs

Barlow Research is a research firm that provides in-depth information on business customers to the banking industry. According to Barlow Research, the average U.S. small business owner is 60.3 year old.

2017 81

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

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

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

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

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

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 Lifestyle Brands

Small Business Labs

  In the early years of the coworking, for example, the industry's tagline was "come for the space, stay for the community."  "  But as the industry evolves and hybridizes, we're seeing more spaces going beyond just being workplaces and communities.

Multi-Level Marketing and the Need for Highly Flexible Jobs and Supplemental Income

Small Business Labs

An example of this is the continued growth of the multi-level marketing industry. According to their trade association, the Direct Sellers Industry Association (DSA), 5.3   On Point Radio , one of our favorite radio shows, recently covered the industry.

2017 50

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 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

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 68

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 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

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.

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

The Taylor Review: The British Government Looks at the Gig Economy

Small Business Labs

Both labour and industry groups in the UK are criticizing the report.  But it also covers the mostly negative reactions from a wide variety of other sources, including industry groups and lawyers. 

2017 58

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 63

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

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

What's a Good Job and How Many Are There?

Small Business Labs

  The report goes on to break down which industries produce good jobs and who has them by demographic group.  The Georgetown Center on Education the Workforce has started a project on "good jobs" , with a focus on good jobs that don't require a university degree. 

2017 47

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