Small Business Labs

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 192

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 206

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 153

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 217

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 192

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 220

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 161

Reviewing the BLS 2017 Contingent and Alternative Employment Arrangements Survey

Small Business Labs

  Specifically, the report shows that the share of U.S. workforce was slightly smaller than they reported the last time the survey was done, which was 13 years ago. The U.S.

2018 170

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 107

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 130

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 190

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 215

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 130

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 215

Federal Reserve Study Finds 31% of Adult Americans Do Gig Work

Small Business Labs

The Board of Governors of the Federal Reserve System (The Fed) recently released their 2017 Report on the Economic Well-Being of U.S. This report "examines the economic well-being and financial lives of Americans and their families."

2018 152

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

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 187

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 161

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 161

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 130

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 180

Study Finds U.S. Has 27 Million Square Feet of Coworking Space

Small Business Labs

  Key quote from their report: A study by Yardi Matrix of coworking leases in 20 major markets found 1,166 coworking sites with 26.9 Yardi Matrix , a provider of real estate industry data and research, has released an interesting coworking study. 

2018 225

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 100

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 130

Euromonitor's Top 10 Global Consumer Trends for 2018

Small Business Labs

Key quote from the report summary: Consumers of all ages want and need less.   The full report is well worth reading (it's free, but registration is required). 

2018 212

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 100

Digital Marketing Success Remains Elusive for Most Small Businesses

Small Business Labs

Infusionsoft recently released their 3rd annual Small Business Marketing Trends report.    The report paints a not so pretty picture of the digital marketing efforts of small businesses.

2017 205

Is Craft Brewing a Harbinger of a New Artisan Economy?

Small Business Labs

We even featured the industry in a 2008 research report, The New Artisan Economy,  which we did with Intuit.

2018 192

More Americans Facing a Rent Burden

Small Business Labs

But as the report chart below shows, even at moderate levels being rent burdened greatly reduces the ability to save and build wealth. Nearly 43 million U.S. households rented their homes in 2016, which is about 9.3 million more than in 2004. 

2018 166

Pet Obsessed Millennials Pamper Their "Fur Babies"

Small Business Labs

Key quote from the study report : Employed Millennial pet owners are so attached to their pets that 71 percent would take a pay cut if it meant they could bring their pet(s) to work everyday. Last week the online retailer Zulily celebrated their first annual pet week.

2018 183

Financial Shocks Lead to Gig Work

Small Business Labs

  Our surveys show that 21% of on-demand gig workers - those that get work through online marketplace such as Uber, Upwork and Task Rabbit - reported they participated in this type of work to help them get through a financial hardship or shock.

2018 178

Deloitte Thinks the Retail “Apocalypse” is Really a Renaissance

Small Business Labs

And the report quantifies this: For the past 10 years, the lower 40 percent income group has found itself struggling to keep up with expenses, while the middle 40 percent has seen its income shrink. Thus, But the Deloitte report nicely illustrates how it's changing the retail sector.

2018 175

Flying Cars May Finally Happen

Small Business Labs

Cassandra reports that flying cars could reach consumers as soon as 2019.  The article also reports a number of large firms are also working on flying cars.

2017 206

Will Pilotworks Become the WeWork of Shared Commercial Kitchens?

Small Business Labs

According to a  2016 report by Econsult , "between August 2013 and March 2016, the number of kitchen incubators increased by more than 50%"   So far the shared commercial kitchen industry, much like the early years of coworking, mostly consists of small, independent operators. 

2018 153

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 284

Key Findings from the BLS's Contingent and Alternative Work Survey

Small Business Labs

 79 percent of independent contractors reported preferring independent work over having a traditional job :  Also, only 9% reported they would prefer a traditional job. Getting somewhat lost in the debates around the results from the BLS's 2017 Contingent and Alternative Employment Arrangements survey (CWS) are several interesting findings about independent contractors. 

2018 111

LinkedIn's Deep Dive on VanLifers and Digital Nomads

Small Business Labs

We’ll report our finding in the coming months. LinkedIn's From van life to careers, figure it out as you go covers a couple who have spent several years as VanLifers. 

2018 179

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 194

The Rise of Highly Skilled UK Freelancers

Small Business Labs

Exploring the rise of self-employment in the modern economy is a new report on self-employment in the UK. We will report our new finding in a few months.

2018 165

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 193