Small Business Labs

The RideShare Guy's 2017 Driver Survey

Small Business Labs

The RideShare Guy released their  2017 Survey Results: Driver Earnings, Satisfaction and Demographics.  This confirms something we see across all our survey work on the gig economy.

2017 52

Survey: 29% of American Workers Have Side Jobs

Small Business Labs

  So we're just getting to a survey on side gigs that CareerBuilder released in September. Key quote from the survey press release : According to a new CareerBuilder survey, 29 percent of workers have a side hustle, a trend that is especially strong among the millennial demographic.

2016 47

Trending Sources

SCORE's Small Business Jobs Report and the Gig Economy

Small Business Labs

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

2017 52

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

Small Business Labs

Census 2014 Survey of Entrepreneurs. Regular readers may remember back in 2014 we reported on a survey that said most small businesses are started with less than $10,000. The data from the 2014 survey was for small businesses with fewer than 50 employees.

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

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

Small Business Labs

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 121

Growing Direct Selling Industry Employs Over 20 Million Americans

Small Business Labs

A Bloomberg Government survey found that 77% of direct sellers are highly satisfied.  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

Staffing Industry Research Firm Says There are 44 Million Gig Workers

Small Business Labs

  They surveyed 7,700 U.S. The Staffing Industry Analysts (SIA)  recently released a study showing that nearly  30% of the U.S. workforce are gig workers. This works out to be about 44 million Americans. They also found that contingent workers represented $792.4

2016 99

The Need for More and Better Future of Work Data

Small Business Labs

" One of the more interesting specific findings of this study is that the way government surveys ask about employment leads to an under counting of the self-employed, and especially those holding multiple jobs.

2017 64

Corporate Layoffs Make Independent Work Look More Secure

Small Business Labs

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. Cisco announced last week it's laying off 5500 employees. This is about 7% of their workforce. Cisco

2016 87

Coworking Spaces are Human Spaces

Small Business Labs

Last week the results from the spring coworking space member survey were released at the Global Coworking Conference Unconference (GCUC). Emergent The key results from the survey illustrate this.  Emergent Research (that's us) partnered with GCUC and Jacob Sayles of Office Nomads on this study. The key finding is while coworking spaces are definitely workspaces, they are also much more. They are places where members work, network, learn and socialize together. 

2015 106

LinkedIn on the Power of Weak Ties - Implications for Coworking & Freelancers

Small Business Labs

Key quote: But over and over again, studies and surveys show us that "weak connections" are key to getting the job of your dreams—not the strong ties that everyone places so much weight on.

2016 86

Using Big Data and Machine Learning to Improve Small Business Lending

Small Business Labs

According to the Federal Reserve of New York 2016 Credit Survey: Report on Startup Firms , 70% of young businesses say they need funding to grow.

2017 36

The London Times on the Future of Work

Small Business Labs

The report chart below shows (click to enlarge) the results of two surveys on the potential impact of AI, robotics and automation.  The London Times has an interesting special section on the future of work that was developed by the marketing content agency Ranconteur. 

2016 72

Survey: 1 in 3 Americans are Freelancers

Small Business Labs

The Freelancers Union and Elance - oDesk released a study showing that 34% of the American workforce freelances in some form. According to the study, 53 million Americans said they engaged in some form of freelance work in the past year. The study breaks these folks into 5 segments: "Independent Contractors" (40%, or 21.1 million) don’t have a traditional employer and do freelance, temporary or supplemental work on a project-to-project basis. Moonlighters” (27 percent, or 14.3

Many Working in the On-Demand Economy Are Business Builders

Small Business Labs

As part of this study, 6,427 providers who find independent work on twelve on-demand economy platforms were surveyed. And 91 percent of those surveyed said they like controlling when, where and how they work.

2017 50

Only 58% of Employers Think Employees are More Loyal Than Freelancers

Small Business Labs

We were very surprised by the results from  a recent survey  on contingent work done by a group consisting of the Aspen Institute’s Future of Work Initiative, the Markle Foundation, Burson-Marsteller and TIME Magazine. They surveyed employers and found that only 58% think their employees are more loyal than their contingent workers.   The survey also reports that almost all employers are satisfied with the performance of their contingent workers.

2016 73

The Federal Reserve Recognizes the Gig Economy

Small Business Labs

The Federal Reserve Board's Survey of Enterprising and Informal Work Activities (EIWA) provides a detailed look at those working in the online and offline gig economy.

2016 70

Using On-Demand Economy Platforms to Start and Build Businesses

Small Business Labs

According to the survey results, 37% of those using online, on-demand platforms have an existing business and 21% have a desire to run their own business.

2017 64

Healthcare Industry Embracing the Gig Economy

Small Business Labs

71%  of healthcare executives surveyed said they are already using on-demand labor platforms, and the same percent believe that building a strong contingent workforce will help them win the war on talent.

2017 48

Seeking Freelance Flexibility With Full-Time Stability

Small Business Labs

The study the article refers to is Deloitte's 2017 Millennial Survey. Deloitte surveyed 8,000 Millennials from 30 countries and found: "In spite of perceived across-the-board advantages of working as freelancers or consultants, nearly two-thirds of millennials said they prefer full-time employment. The Inc. article What Do Millennials Want From Their Employers, Exactly?

2017 50

Most Americans Don't Want to Be Gig Workers, But 60 Million Do

Small Business Labs

Late in August Deloitte released survey results under the headline Deloitte survey finds 67 percent of Americans who have worked as independent contractors would choose not to do so in the future.    This led to a series of articles suggesting that this shows the gig economy is doomed because no one wants to be a freelancer ( click here for an example from Forbes ). More recently the Staffing Industry Analysts released their Gig Workforce study.

2016 65

Attitudes Towards Freelancing Improving

Small Business Labs

The chart below (click to enlarge) shows some of the key data on the improvement from our annual survey of independent workers.

2016 75

Contingent Labor Comprises 38% of Corporate Workforces

Small Business Labs

  The study is based on a survey and series of interviews with mostly HR and procurement professionals at large corporations.  Ardent Partners recently released their 2016-2017 State of Contingent Workforce Management report. 

2016 64

Take the Freelancers Union Live and Work Survey

Small Business Labs

The Freelancers Union is conducting a survey on how freelancers work and live. The goals of the survey are to better understand how freelancers are changing the definition of success and how they are working with one another to improve their business outcomes.

2014 25

The Institute for the Future's Profile of On-Demand Economy Workers

Small Business Labs

We used statistical clustering based on the results of a survey of about 4500 on-demand economy workers.    We're currently in the field with this year's On-Demand Economy survey.

2016 61

Small Businesses Turn to Their Accountants & Each Other for Advice

Small Business Labs

According to one of their recent surveys, small business owners turn to a number of sources for advice and as the chart below shows, accountants are their first choice. We were somewhat fascinated that the survey asked about Google.

2015 80

Defining and Achieving Small Business Success

Small Business Labs

  The study consisted of a survey of over 400 small business owners coupled with a set of 26 in-depth interviews with "successful" business owners.

2016 64

Why People Choose Self-Employment

Small Business Labs

  We like seeing other surveys finding similar results to ours. TD Ameritrade did a study late last year on retirement savings and the self-employed.  One of the questions they asked was why people chose self-employment over traditional employment.

2014 94

Microbusiness Owners and Second Jobs

Small Business Labs

A new tracking survey by Sam's Club and Gallup has some interesting data on microbusiness owners and 2nd jobs.

2014 84

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.

2015 71

Freelancers and the Rise of Multiple Income Sources

Small Business Labs

  As the article's title states, 87% of the surveyed freelancers reported having more than one source of income. But its been very hard to quantify this information via surveys.

2014 76

1 in 3 Small Business Owners are 65 or Older

Small Business Labs

  For over a decade Barlow has fielded a quarterly survey of businesses on topics of interest to financial institutions. Because of their history and the comprehensive nature of the their surveys, Barlow has lots of interesting and insightful information on small businesses. 

2015 75

Why Surveys Show Wide Differences in Small Business Social Media Use

Small Business Labs

You many have noticed that different surveys show very different small business social media usage rates. For example, the Wall Street Journal article Facebook Tops for Small Business reported on a survey that found small businesses quite positive about social media.    Key quote on the survey results: "About seven in 10 small-business owners say they “strongly agree” that social media is important to their business."

Somewhere Between 2.5 million and 59 Million Americans "Work" in the Online Gig Economy

Small Business Labs

Their survey asks: "In the last year, did you earn money by selling something online?" " 18% of adult Americans surveyed said yes. 8% of the survey respondents said yes to this.

2016 52

What Small Businesses Want from their Accountants

Small Business Labs

It's clear from the Sleeter survey that small businesses are looking towards their accountants to move beyond providing just tax prep and bookkeeping and become trusted business advisors.

2014 87

The Decline of Employee Training & The Rise of Side Gigs

Small Business Labs

  In our most recent survey of people with 2nd jobs, about 20% of these "side giggers" said "learning new skills" was the reason they had a 2nd job.   We don't have historical survey data on this.

2015 71

Stride Health's Study on Gig Workers and Health Insurance

Small Business Labs

  The study's key findings are: Gig workers are uninsured at three times the rate of average Americans : 35% of those surveyed were uninsured while only 10.5%

Most Small Businesses Have Less Than $400,000 in Annual Revenue

Small Business Labs

Annual Survey of Entrepreneur s, the median U.S. According to data from the  2014 U.S. employer small business (those with paid traditional employees) generates less than $400k in revenue.

2014 46

Fast Food Declining; Food Trucks Increasing

Small Business Labs

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 71