Small Business Labs

SCORE's Small Business Jobs Report and the Gig Economy

Small Business Labs

SCORE , a nonprofit association that provides mentoring services to small businesses, released their fall Small Business Jobs report recently.  of businesses surveyed reported replacing employees (of any type) with contractors over the past six months.

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Intuit Future of Small Business Report

Small Business Labs

These trends - and others that will be explored in future reports - are resulting in growing numbers of successful small businesses. The report chart below highlights the forecast that the number of U.S. Disclosure: Emergent Research partnered with Intuit on this report

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Trending Sources

Wasp Barcode's Excellent Small Business Accounting Report

Small Business Labs

Kudos to Wasp Barcode Technologies for their excellent Small Business Accounting report. According to their blog post on the report , the key findings include: 52% of respondents report that they pay too much on taxes are they are not sure.

2015 40

2014 MBO Partners State of Independence Report Released

Small Business Labs

Key findings from this year's study include: The majority (82%) of independent workers report being highly satisfied (63%) or satisfied (19%) and plan on remaining independent in the future (76%). The full 2014 MBO Partners State of Independence report is available here.

2014 50

Employees of Large Corporation Not Happy at Work; The Self-Employed Are

Small Business Labs

This is substantially lower than the 43% of small business employees who report being happy at work. The 2016 MBO Partners State of Independence study reports that 81% of independent workers report being happier since they became independent and 60% report being healthier. 

2016 130

The New Multinationals: Small, Micro and Solo Businesses Driving the Next Wave of Globalization

Small Business Labs

  To help these micro multinationals, the Global Innovation Forum has released Simple Steps for Global Success , a report with advice on how startups, small businesses and freelancers can successfully engage in global markets. See the report for more details. 

2017 76

The Importance of the Social Side of Coworking

Small Business Labs

Some of the key survey findings from our coworking space member research show that: 87% of respondents report that they meet other members for social reasons, with 54% saying they socialize with other members after work and/or on weekends.

2018 44

Encouraging U.S. Commerce Report on "Digital Matching Firms"

Small Business Labs

Commerce's department report  Digital Matching Firms: A New Definition in the “Sharing Economy” Space  is, in our opinion, a pretty balanced view of sharing/digital matching firms and their growing economic role. The report attempts to accomplish two goals.  I was encouraged by this report and the way it presented both benefits and problems. The U.S.

2016 33

CB Insights on the Trends Shaping Tech in 2018

Small Business Labs

These include (the trends and descriptions are from their report): Cars become a subscription good : Pay a monthly fee and drive a car for as long as you’d like. All 15 trends are interesting and if you're interested in tech trends this free report should be on your reading list.

2018 57

Book Review: The Million-Dollar One-Person Business

Small Business Labs

As the chart below shows, over 3 million American solopreneurs reported earning more than $100k in 2017. We really like the tagline for the book The Million-Dollar One-Person Business. It's "Make great money; work the way you want; have the life you want."

2018 50

Small Business Owners Getting Older and Not Planning to Fully Retire

Small Business Labs

Also, only 68% of small business owners report plans to retire. Almost 1/3rd (32%) reported they plan on working indefinitely. Most baby boomers are reporting they plan on working longer than prior generations, either due to need or choice.

2017 81

Upwork and the Paradox of Place

Small Business Labs

These are just two of the many interesting facts found in Upwork's report The Independent Workforce in America: The Economics of an Increasingly Flexible Labor Market.

2016 106

Study: Many Corporations Converting Traditional Jobs into Freelance Roles

Small Business Labs

" The report also cites talent scarcity as a major issue and one of the reasons companies are turning to contingent workers. According to a recent survey by the global HR services company Randstad, "More than half of global human capital leaders expect to transfer one-third of their permanent positions to contingent roles in the near future." " More than 700 global human capital leaders responded to the Randstad survey. 

2017 59

More Forecast to Cycle Between Traditional Jobs and Independent Work

Small Business Labs

Over 40 percent of the adult workforce reports currently or previously having worked as an Independent. MBO Partners released a list of their 10 predictions for the next decade of independent work. The list covers a lot of ground and all the predictions are interesting.

2017 76

Coworking Industry Competition Heating Up

Small Business Labs

  Recent examples include stories about coworking spaces  offering of a year's free rent to prospective tenants , reports of coworking spaces spying on competitors and coworking spaces closing down due to growing competition. The coworking industry is getting more competitive. 

2017 70

Most Small Businesses Started by Investing Less than $30,000

Small Business Labs

Regular readers may remember back in 2014 we reported on a survey that said most small businesses are started with less than $10,000. And as we noted back then, most solopreneur businesses report spending less than $5,000 to start their business.  Most small businesses in the U.S.

2016 102

The Rise of Solopreneur Manufacturing Companies

Small Business Labs

Federal Reserve study  2015 Small Business Credit Survey: Report on Non-Employer Firms  also found a high rate of contract worker usage by non-employers.

2017 98

More Industries Moving to the On-Demand Economy

Small Business Labs

New Report: How the On-Demand Economy Can Reshape Senior Living.

2017 89

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

Small Business Labs

This is due to under reporting and/or misreporting by gig workers. Senate Republicans are turning to the gig economy for new revenue to offset their proposed tax cuts.

2017 61

The Surprising Demographics of Small Business Owners

Small Business Labs

 It's a comprehensive, 40 page report covering a variety of small business issues. The report - which is well worth reading - focuses entirely on employer small business, which are those with traditional employees.

2016 104

The Growing Use of Online Talent Marketplaces

Small Business Labs

As the blue bars in the chart below show (click to enlarge), only 3% of independent workers reported using online talent marketplaces to find work in 2012.

2017 77

Why Coworking is Booming

Small Business Labs

 Workers in these spaces consistently report making more connections, learning skills faster, and feeling more inspired and in control than their cubicle-dwelling counterparts inside large companies.

2017 92

The Rise of the Independent Professional Working for Businesses

Small Business Labs

A recent Brooking report,  A Proposal for Modernizing Labor Laws for Twenty-First-Century Work: The “Independent Worker , suggests there are only about 600,000 Americans doing this type of work. 

2016 117

The Digitialization of Jobs

Small Business Labs

  The report: " presents a detailed analysis of changes in the digital content of 545 occupations covering 90 percent of the U.S.   As the report chart below shows (click to enlarge), the number of high digital jobs has grown from 5% of jobs in 2002 to 23% in 2016.

2017 52

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

Small Business Labs

  The report chart below (click to enlarge) illustrates how they split sectors into privileged and precarious. independent workers who report annual earnings of $100,000 or more. The Resolution Trust, a left leaning U.K.

2017 83

The Expanding High Skill Gig Economy

Small Business Labs

Key quote: "Three-quarters of law firms with more than 250 lawyers use contract attorneys, says a 2016 report from legal consultancy Altman Weil." We'll have more on this in the coming weeks after we release the study report.

The Staffing Industry Analyst's Human Cloud Framework and Taxonomy

Small Business Labs

It nicely covers the topics mentioned in the report title. Key quote from the report on the size of the "human cloud": "SIA estimates that total human cloud spending reached between $47 and $51 billion globally in 2016.   The report is excellent and well worth reading.

2017 60

Asia's Surging Middle Class Driving Global Growth

Small Business Labs

According to  Asia: Leaning In , a report from the giant global investment management firm KKR, Asia's middle class will increase from 1.4

2017 58

Staffing Industry Research Firm Says There are 44 Million Gig Workers

Small Business Labs

due to some workers reporting being in multiple categories): Temporary workers assigned through staffing firms, 6.2%. The Staffing Industry Analysts (SIA)  recently released a study showing that nearly  30% of the U.S. workforce are gig workers.

2016 99

The Multstage Life and Self-Employment in the On-Demand Economy

Small Business Labs

More interesting is 1/3rd of the people aged 55+ working in the ODE report being retired. Recent research by future of work expert Lynda Gratton  suggests due to longer life spans the traditional life stages - education, work and retirement - no longer work.

2017 82

The Cities With the Most Self-Employed

Small Business Labs

A new report from the Stephen S. Fuller Institute at Virginia’s George Mason University shows that Miami has by far the most non-employer businesses per capita in the U.S. click on chart to enlarge). New York, not surprisingly, has the largest total number of non-employer businesses. 

2017 52

42% of Young Small Businesses Use Contract Workers

Small Business Labs

Federal Reserve released the their Report on Startup Firms. This is the second in a series of reports based on their 2016 small business credit survey.    There's a lot of interesting data in the report. The U.S.

2017 62

Growing Direct Selling Industry Employs Over 20 Million Americans

Small Business Labs

  Also like the ODE, direct sellers report being satisfied with their work. According to the Direct Selling Association (DSA), about 20.2 million Americans are involved in direct selling the U.S. This is up from 15.8 million in 2010. 

2017 77

"As a Freelancer My Career is a Constant Classroom."

Small Business Labs

A bit over 40% of ODE workers who also report having a full-time job say learning new skills is one of the reasons they working in the ODE. 

2016 94

PayPal, Square & Others Moving Into Small Business Lending

Small Business Labs

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. Their report - The Small Business Lending Opportunity - requires a paid subscription.

2015 115

Most Small Businesses are Started with Less than $10,000

Small Business Labs

These solopreneurs report on average that spend $5,000 or less getting their businesses going. For more on this, see the 2014 MBO State of Independence report which covers the growth of the independent work force. Intuit recently did a survey of small business owners.

2014 121

Corporate Layoffs Make Independent Work Look More Secure

Small Business Labs

 Cisco also reported quarterly earnings of $2.8 In our spring 2016 MBO Partners State of Independence survey , 43% of independent workers surveyed reported being independent is more secure than holding a traditional job.

2016 87

Coworking Spaces are Human Spaces

Small Business Labs

Learning related: 69% reported they learned new skills. 68% reported they improved their existing skill set. 67% reported they attend events at their coworking space occasionally (45%) or often (21%); only 4% said they never attend events. Social related: 87% report they meet other members for social reasons, with 54% saying they socialize with other members after work and/or on weekends. 78% reported that coworking helps keep them sane.

2015 106

Solopreneurs Generated $1 Trillion in Revenue in 2012

Small Business Labs

Census recently reported that the number of U.S. The U.S. nonemployer businesses reached 22.7 million in 2012. This is up 1.1%, or 245,000 businesses, from 2011.   These businesses generated $1 trillion in total revenue, up 4.2% from 2011.

2012 130

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.    The Independent's Matthew Taylor review: Unions slam gig economy report for 'spectacular failure' to deliver on promises  obviously covers the fact that unions don't like the report.

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