Small Business Labs

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. It contains survey results from companies with 11-100 employees on issues related to their accounting and finance functions.

2015 174

Uber's Safety Report

Small Business Labs

safety report that provides details on the number of sexual assaults, murders and fatal crashes that occurred through its platform in 2017 and 2018. The New York Times article headline on the report - Uber Says 3,045 Sexual Assaults Were Reported in U.S. Rides Last Year - sums up the media coverage of the report, which has highlighted the number of sexual assaults.    Uber also reported 58 fatal crashes and 10 murders in 2018. 

2019 40

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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 129

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. The second is the stunning growth of tablets, which is nicely shown in the chart below from Meeker's report. Mary Meeker is a partner at the top shelf venture capital firm Kleiner, Perkins.

2014 127

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%). As with past years a substantial majority, roughly 30%, of the respondents report being unhappy with independent work. This group - we call them "reluctant independents" - report lacking control over their career, work assignments, work place and work schedules. 

2014 147

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 121

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 147

Report: Tech in 2020: Standing On The Shoulders Of Giants

Small Business Labs

  Similar in style to Mary Meeker's well known annual Internet Trends Report , Evans' report covers similar ground and is full of charts and data.    And like Meeker's report, it's long at 128 pages.    As the report chart below shows (click to enlarge), Evans suggests a number of technologies could be the next big thing in tech.

2020 44

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. The Forbes article Why Small Business Will Skyrocket in 10 Years - Especially for Solopreneurs  provides more detail on this report and also covers several other reports related to this topic. Disclosure: Emergent Research partnered with Intuit on this report

2016 70

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.    According to the report: Business owners reported a 37% increase in hiring gig workers over the past six months, compared to increases of 13% for full-time employees, 22% for part-time employees, and 12% for part-time independent contractors.

2017 62

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  We've also long reported on the downsides of being self-employed, including the people exploited by  the dark side of self-employment.  So we'll keep reporting on it.

2018 59

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.   Despite the overall decline in Full-Time Independents, the number of independent workers reporting making $100,000 or more continued to increase.

2018 54

Incorporated Self-Employment Included in Monthly BLS Reporting

Small Business Labs

  Until January, the BLS only reported unincorporated self-employment in their monthly release.    The monthly Employment Situation report is probably the world's most watched and analyzed statistical release.  The Bureau of Labor Statistics (BLS) added data on the number incorporated self-employed to their monthly employment indicators release.    It's on the bottom of Table A-9. 

2011 149

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. The second report, How Low Income Job Seekers Use Independent Work , looks at the financial impact of their program and provides data from a survey of program alumni.

2018 52

Intuit 2020 Report: The Future of Financial Services

Small Business Labs

Intuit recently released a new report on The Future of Financial Services.  We have a blog post on Banking.com with more on the report, which covered 4 broad trend areas: 1.  Intuit 2020: The Future of Financial Services builds on the data, trends and forecasts in the Intuit 2020 report , which identifies 20 emerging trends and shifts that will shape business and society over the next decade.   Click here to download the report.

2020 129

Digital Nomad Numbers Skyrocket Thanks to Work From Anywhere

Small Business Labs

This data comes from COVID-19 and the Rise of the Digital Nomad , which is the report on the third year of an ongoing research series on digital nomads conducted by MBO Partners. Relatedly, 41 percent report they are spending less time traveling. The number of U.S.

2020 83

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. Below is a report chart showing the things corporations should consider if they are thinking about opening a corporate coworking space. The report is well worth reading.

2016 58

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. As the report points out, the global economy slowing and the growth of the Internet is slowing. Or, as the report says, the "easy growth is behind us" 2.

2016 43

The K-Shaped Recovery

Small Business Labs

Households Face A Financial Crisis 54% of those with household incomes below $100,000 reported serious financial problems due to the pandemic, compared with only 20% of those with incomes above that threshold. There's much talk these days about a K-shaped recovery.

2020 76

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 217

Uber's Third Way for Independent Contractors

Small Business Labs

Uber's 18-page report, A First Step Toward A New Model For Independent Platform Work , outlines their proposal for improving the financial security of independent contractors, especially Uber drivers.    The report has a series of nine proposals from Uber. 

2020 64

The Rise of Synthetic Biology (and Synthetic Biology Platforms)

Small Business Labs

  Tech Crunch's Synthetic biology startups are giving investors an appetite reports on this trend. 

2020 71

Which Colleges Will Survive the Coronavirus

Small Business Labs

   Galloway backs up his chart with a detailed analysis of the 438 US universities and colleges ranked by US News & World Report's top National University and National College rankings.

2020 74

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 46

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. A key finding was 64% of small business owners surveyed said they started their business with less than $10,000 in invested capital.

2014 219

Coworking Members Learning New Skills, Becoming More Successful

Small Business Labs

One of the more interesting findings from our recent survey of coworking members is how many reported they had learned new skills - or improved their existing skills - due to their coworking space membership: 69% of the respondents reported they learned new skills. 68% of the respondents reported they improved their existing skill set. 67% of the respondents reported attending events and/or educational programs often (21%) or occasionally (45%).

2015 188

Study Finds Most Rideshare Drivers Want to be Independent Contractors

Small Business Labs

" The study's key finding is that 64% of drivers report they prefer being independent contractors, with 24% saying they would prefer being a traditional W2 employee. The chart below (click to enlarge) is from the detailed study results report.

2020 63

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. In 2015, 43% of those currently working full-time as Independents report that they feel more secure working independently, up from 33% in 2011. 79% of independent workers reported they are happier due to being independent.

2015 56

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. This is consistent with the satisfaction levels reported in the prior two years. - The majority (56%) of independent workers reported they chose to be independent, again consistent with the results from prior years.

2013 127

Global Interest in Coworking Booming

Small Business Labs

The international information in this report - the article includes data and charts on regions and cities from around the world - is quite fascinating and illustrates the global phenomena coworking has become. The annual Global Coworking Unconference Conference  (GCUC) is this week in Berkeley, California. And it's good times for this industry. According to analysis by Deskmag, global interest in coworking is booming and at all time highs.

2015 201

Zagat's Future of Dining Study

Small Business Labs

   Zagat's report chart below (click to enlarge) shows that consumers plan to return to dining out post-COVID, but at a lower rate than pre-COVID. Zagat, the restaurant review site favored by foodies, recently released a Future of Dining Study. 

2020 67

Online Mental Health Marketplaces Democratizing Therapy

Small Business Labs

adults (56%) report that worry or stress related to the coronavirus outbreak has caused them to experience at least one negative effect on their mental health and wellbeing, such as problems with sleeping or eating, increased alcohol use, or worsening chronic conditions."

2020 69

64% of Americans Own Smartphones

Small Business Labs

The key quote from the report is: 64% of American adults now own a smartphone of some kind, up from 35% in the spring of 2011. The report chart below shows what I think is the most interesting report finding - the huge smartphone usage gulf between older and younger Americans.  For those who don't want to read the full report, Pew's  6 Facts About Americans and Their Smartphones  covers the highlights.  Pew Internet's U.S.

2015 183

Slow Travel, VanLife and Digital Nomads

Small Business Labs

They also report being more productive workwise when they travel less.   Marriott's Taking Pause: How Slow Travel Is Changing the Way We Explore takes a look at the "slow travel" trend.

2020 59

2.7 Million Independents Work in the On-Demand Economy

Small Business Labs

According to a new report from MBO Partners -  Independent Workers and the On-Demand Economy  - about 2.7 million American independent workers report using at least one on-demand economy platform or marketplace as a source of work or income. independent workers reporting using them to generate income over the past year. Only 9% reported being dissatisfied.      Click here for the full report.

2015 170

Coworking, Independent Work and Happiness

Small Business Labs

The 2015 MBO Partners State of Independence survey results , which we worked on with MBO Partners, shows that most independent workers report being happier (79%) and healthier (59%) working on their own. Our recent coworking survey, which was done in partnership with the Global Coworking Unconference Conference , also show most coworking facility members report being happier (89%) due to coworking.

2015 189

Small Business Owners Don't Like Taxes

Small Business Labs

The recently released Wasp Barcode Small Business Accounting Report supports this.  As the report chart below shows and Wasp highlights in their blog post on the report , 52% of respondents report that they pay too much on taxes are they are not sure. I've never met a small business owner who liked taxes. No surprise there. Also, if you talk to small business owners for any length of time, most will eventually complain about taxes.

2015 184

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.   The small business lending opportunity discussed in the report is due to a steep decline in bank lending to small businesses, especially businesses with less than $1 million in sales.

2015 190

Academic Studies Show Gig Work Increases Entrepreneurship an Acts as a Safety Net

Small Business Labs

MIT Management's How the gig economy can reduce unemployment and debt reports on a study showing how the gig economy can act as a safety net.  Two recent academic studies illustrate several of the benefits of the gig economy.    The University of Chicago Booth Review article Does the gig economy promote entrepreneurship? covers a study showing that gig economy employment helps people make the leap to entrepreneurship and start their own businesses. 

2020 53

Fast Food Declining; Food Trucks Increasing

Small Business Labs

Add in the ability of food trucks to give their customers a unique, novel and fun experience to report on in social media, and it's easy to see why more people are choosing food trucks. The Forbes article Survey Says Americans are Losing Their Appetite for McDonald's, Taco Bell and Burger King covers a study showing that consumers - and especially Millennials - are choosing fast casual restaurants over fast food places. Key

2014 207

May's Controversial Jobs Report

Small Business Labs

May's Employment Situation Summary report (also known as the "jobs report) from the U.S.    The BLS reported employment rose by 2.5 explains one issue with the May report.  government’s official jobs report for May came out on Friday, it included a note at the bottom saying there had been a major “error” indicating that the unemployment rate likely should be higher than the  widely reported 13.3

2020 49

2015 Travel Trends

Small Business Labs

 According to the World Travel Market Global Trends report golf is in a decline, dropping from 25 million players in the early 2000s to 19 million in 2013. Wine Enthusiast reports on resorts where "guests can spend a few hours preparing or planting the soil on the property’s organic farms" I grew up "preparing or planting the soil" on a farm. There are already  lots of 2015 travel trend lists out.

2015 196

Why the Self-Employed Flourish

Small Business Labs

But it explains why most of the self-employed report being highly satisfied with their jobs. report being highly satisfied (63%) or satisfied (19%). For more on independent workers, see this year's MBO Partners State of Independence report. Flourish is not a word normally used in discussions about work.

2014 192