Small Business Labs

MBO Partners’ 8th Annual State of Independence Report

Small Business Labs

MBO Partners released their 2018 State of Independence report this week. This is the 8th annual report in this series, making it the longest running look at independent work. This is especially true for what the report calls Reluctant Independents.

2018 176

CIPD Reports 1 in 7 UK Self-Employed

Small Business Labs

UK self-employment continues to rise , a new report in their megatrends series. So we won't bother covering the report in any detail, except to point out 3 of its charts. Regular readers knowwe've been reporting on data like this for over a decade. We've

2018 196

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.

2017 204

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

2016 228

Samaschool's "The Future of Work is Independent" Report Series

Small Business Labs

  The first report, A Primer on Independent Work , provides an excellent overview of the gig economy and independent work, including a comprehensive review of recent gig economy studies.

2018 169

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 229

HOK's Coworking Report: A Corporate Real Estate Perspective

Small Business Labs

The global design and architecture firm HOK recently released a new report looking at the coworking industry from the corporate real estate perspective.  " The report covers a lot of ground and we found all the chapters interesting. The report is well worth reading.

2016 194

Mary Meeker's Annual Internet Trends Report

Small Business Labs

Venture Capital firm Kleiner-Perkins released the 2016 edition of Mary Meeker's annual Internet Trends report last week (Meeker is a partner at KPCB).    Meeker's annual report is hugely popular, well worth reading and full of interesting data.

2016 141

Mary Meeker's 2014 Internet Trends Report

Small Business Labs

Her annual Internet Trends Report is a mere 164 pages of data intensive charts and graphs covering pretty much everything worth knowing about the Internet. The report is so big I won't try to summarize it here.

2014 169

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 194

The 2013 State of Independence Report Released

Small Business Labs

The 2013 MBO Partners State of Independence Report was released today.    - Satisfaction with independent work continued to be high, with 64% of the respondents reporting they are highly satisfied.

2013 169

The 2015 MBO Partners State of Independence Report - 30.2 Million U.S. Independent Workers

Small Business Labs

The 2015 MBO Partners State of Independence Report was released today. million Full-Time Independents reported that they earned more than $100,000, up 45% from 2 million in 2011. 79% of independent workers reported they are happier due to being independent.

2015 185

The Staffing Industry Analysts on the Gig Economy and Cloud Labor

Small Business Labs

Gig Economy - 2018 Edition report. The Staffing Industry Analysts (SIA) recently released their U.S. 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 165

Use of Contract Labor by Small Businesses Continues to Grow

Small Business Labs

  The data covers business receipts, deductions, and net income reported by taxpayers on Schedule C of tax Form 1040. This includes the vast majority of small businesses, including small businesses that report on a pass-through basis (LLC's, etc.). 

2018 201

CNN's Positive Report on Freelancing

Small Business Labs

CNN did a very positive report on freelancing recently. See the MBO Partners State of Independent report - which is mentioned in the CNN piece and we helped produce - for more details. The 2013 MBO Partners State of Independence report will be released early this fall.

2013 132

The Intuit 2020 Report - 20 Trends for the Next Decade

Small Business Labs

Reports and Resources Intuit 2020 Research Report Todays Hobbyists are Tomorrows Hobbypreneurs Homepreneurs: A Vital Economic Force Research Brief - Small Business Credit Outlook The Economic Stimulus Package: Whats in it for Growing Businesses?

2020 165

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 116

Solid Jobs Report

Small Business Labs

  But overall a solid jobs report that shows the economy is on a solid, if modest, growth path The January Employment Situation Summary from the BLS was quite positive.  Total non-farm employment increased 234,000 and the unemployment rate fell to 8.3%.   More importantly, private employment increased by 257,000, more than off-setting a small decline in government employment.  This continues a trend towards stronger private sector hiring.

2012 124

Upwork Going Public; Shows Maturation of Online Talent Marketplace Industry

Small Business Labs

  The company reported sales of $164.4 Data from the MBO Partners State of Independence study series (shown below) on the growth of independent workers reporting using online talent marketplaces nicely illustrates this. 

2018 183

Digital Nomads Enter the Mainstream

Small Business Labs

  We will continue to track and report on this topic.    See the report for more details. MBO Partners last week released Digital Nomadism: A Rising Trend , a research brief on digital nomads. We worked with MBO Partners on this study.

2018 186

The Number of Nonemployer Businesses Continued to Grow in 2016

Small Business Labs

  But one of the fastest growing segments of nonemployers are those reporting $100k or more in gross receipts. The U.S. Census recently released the 2016 nonemployer business statistics. Key quote from their press release : nonemployer establishments increased 2.0

2016 215

Survey: Satisfaction Levels for Gig Workers and Traditional Workers Similar

Small Business Labs

Key quote from the article:   adults who identify as being a gig economy worker report being just as satisfied with their jobs, financial situations and family life as the average adult who has been employed in the past six months.

2018 157

JP Morgan Chase's 2018 Online Platform Study and Rideshare Driver Earnings

Small Business Labs

  See the report for details on the methodology. The JP Morgan Chase Institute released their 2018 Online Platform Economy in 2018 study this week.

2018 159

Coworking's Unstoppable Market Growth

Small Business Labs

Flexible Office Report covers the continued growth of coworking and other forms of flexible offices. Liquidspace's Q4, 2017 U.S.

2018 219

Study: Corporations Rely on Their Non-Employee Workforce

Small Business Labs

The report chart above (click to enlarge) illustrates this and shows that the companies surveyed are spending about the same amount on external service providers and external independent workers.

2018 204

Independent Workers Feeling More Secure

Small Business Labs

Reluctants, on average, report feeling independent work is much less secure than traditional employment.   We contribute to the MBO Partners State of Independence report series.

2018 188

The Reports of the 1099 Economy's Death Have Been Greatly Exaggerated

Small Business Labs

If you followed most of last week's news about a ruling by  by the California Labor Commission that a Uber driver was an employee and not a contract worker, you'd think the 1099 economy will soon be dead.    But, of course, it's not. My first thought was to write a long article listing the reasons. But I decided it would be easier to reference the articles already out there that present a balanced view of this decision.

2015 149

Gallup Says 36% Of U.S. Workers are in the Gig Economy

Small Business Labs

Key quote from their report: "Gallup estimates that 29% of all workers in the U.S. Gallup's report theme is "a tale of two gig economies"  By this they mean the gig economy is comprised of two broad types of gig workers. "independent

2018 164

Most Millennials Think Starting a Business is Risky

Small Business Labs

According to a report from the global financial giant UBS , 72% of Millennials say starting a business appeals to them. The chart below, which is from the same UBS report, shows most Millennials see starting a business as riskier than older cohorts do.

2018 217

Cigna's Loneliness Index and Coworking

Small Business Labs

is at "epidemic levels" The key findings include: Nearly half  of Americans report sometimes or always feeling alone (46 percent) or left out (47 percent).   We'll be reporting on some new research in these areas in the coming months.

2018 194

Is Coworking's Surge Leading to Market Saturation?

Small Business Labs

For example, Savills Studley’s Q2 2018 Manhattan Office Report says: “Like other new innovations the ultimate market share of shared office space is not known, but this growth path seems unsustainable.

2018 173

Google's Shadow Workforce

Small Business Labs

  A November, 2017 SCORE study found that small business owners reported a 37% increase in hiring gig workers over the prior six months. They also reported more than half of surveyed small business owners plan to increase their use of non-employee talent over the next year.

Google 173

Survey: Almost 4 in 10 Americans Have a Side Hustle

Small Business Labs

    The report also has data on the most popular side hustles. Bankrate recently released a survey showing that 37% of Americans have some sort of side job.    The survey was of adult Americans , of which there are about 250 million.

2018 183

Expert Network Industry Big and Getting Bigger

Small Business Labs

The report The Rise of the Expert Economy is a interesting look at what it calls a "little-known, high-growth sector, made up of networks that connect experts with companies that need them."  As shown by the report chart below (click to enlarge), there are about 1.5

2018 181

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 212

Social Security Data Shows Self-Employment Has Been Increasing

Small Business Labs

  Their chart below shows the increase in share of earners reporting self-employment earnings. MBO Partners is planning on releasing the 2018 MBO Partners State of Independence report in mid-July.

2018 173

Study: Despite Uncertainty, Self-Employed Happier at Work Than Traditional Employees

Small Business Labs

A new academic study reports that the self-employed are happier and more engaged at work than traditional employees are.   Despite these drawbacks, the self-employed reported preferring self-employment over a traditional job. 

2018 213

According to T. Rowe Price, Gig Economy Workers Pay More Attention To Their Money

Small Business Labs

Gig workers generally face unpredictable incomes streams and report high levels of income volatility. Even most of those who reported working in the gig economy out of necessity instead of choice (about 32% of gig workers) are positive about gig work. The invest and mutual fund firm T.

2018 196

The Top 15 Cities for Specialized Freelancers

Small Business Labs

  As the report chart below shows, there are about 2.5 Fiverr and Rockbridge analyzed the non-employer industry data to develop their estimates for the number of "specialized freelancers" (see the report for more details on their methodology, which is quite clever). 

2018 194

Food Delivery Forecast to Grow Rapidly

Small Business Labs

A new research report by financial giant UBS suggests that millennials are ditching the kitchen and instead opting for food delivery in a report titled “Is the Kitchen Dead.”. The report is not available to the public and we haven't seen it.

2018 174

The Return of Independent Bookstores

Small Business Labs

But as NPR's  Why The Number Of Independent Bookstores Increased During The 'Retail Apocalypse'  reports, despite Amazon and other challenges independent bookstores are having a bit of a renaissance. 

2018 207

The California Creative Economy

Small Business Labs

The Otis Report on the Creative Economy comes from the LA based Otis College of Art and Design.    The report covers the creative economy in California. Key quote from the report: "In certain sectors, self-employment is more common than wage and salary employment.

2018 168

Independent Workers Have Higher Satisfaction Levels than Traditional Job Holders

Small Business Labs

" This is quite a bit lower than the level reported by independent workers in the 2018 MBO Partners State of Independence study. It found 72% of independent workers report being satisfied. The Conference Board recently released survey results that found "51 percent of U.S.

2018 141