Small Business Labs

Tropical Island Digital Nomads

Small Business Labs

  Key quote from the article: Aruba says about 13,700 visitors have arrived for “workations” since the extended-stay packages were launched last September. The Wall Street Journal's  Some People Worked From Home During Covid.

2021 219

America's Growing Diversity

Small Business Labs

  The article point out that white population declines were geographically widespread.  According to the 2020 census, between 2010 and 2020 the white population in America declined  by 5.1 million.  

2021 212
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The Rise of Ecommerce Nomads

Small Business Labs

Key article quote defining Amazon Nomads: " merchants who travel the backroads of America searching clearance aisles and dying chains for goods to sell on Amazon. As the article points out, this is not an easy business. 

2021 237

Retirees and the Gig Economy

Small Business Labs

The article lists the usual financial reasons for working in retirement.   According to the American Enterprise Institute's (AEI) The age re-retirement: Retirees and the Gig Economy , 20% of retired Americans also work in the gig economy.

2021 224

The Pandemic Increased Interest in Self-Employment

Small Business Labs

  Again from the article: "Of the group that wanted to try self-employment, 59% of people said flexibility was the primary factor.

2021 275

Mapping the Creator Economy

Small Business Labs

Each of these areas is described in much more detail, including examples, in the Antler article.  The venture capital firm Antler recently released The Ultimate Guide to the Creator Economy.

2021 251

Flurry of Articles on Micropreneurship

Small Business Labs

 Articles include: Why People Want to Be Micro-Entrepreneurs :  From Fast Company Co.Exist, this article covers a survey by micro-task site Fivvr on why people want to be micropreneurs. Why Micropreneurship May Be the Key to Job Creation :  A Huffington Post article that interviews the CEO of Task Rabbit, a micro-job site.

2012 144

LA's Creator Townhouse Community

Small Business Labs

" The townhouses are 3 stories (plus a loft above the 2nd story), and according to the article, most buyers use the first and second stories as creative office areas, reserving the third floor as their residence.

2021 193

The Creator Economy Monetization Features of the Major Social Media Platforms

Small Business Labs

The article also makes a good point about the diversity of digital creators.   For example, as we were writing this article, we heard that  YouTube is launching a $100 million fund to attract TikTok creators to its Shorts product.

Online Platforms Supporting Digital Nomads

Small Business Labs

" The article focuses on the challenges digital nomads face and how platforms help digital nomads overcome them. Another interesting article on digital nomads is Work and Wander: What Today’s Digital Nomads Signal for the Future of Travel , from Adventure Travel News. 

2021 224

Post Pandemic, the Hybrid In-Office, Remote Work Model is the Most Favored

Small Business Labs

The Washington Post's recent article T he hybrid office is here to stay. The Washington Post article's title mentions that this shift will be disruptive.    But the focus of the article is on it being disruptive for companies.

2021 225

The Post Pandemic YOLO Movement

Small Business Labs

We learned this interesting fact from the New York Times article Welcome to the YOLO Economy.      The article describes the growing number of people who are, in the words of the article, "quitting prestigious and high-paying jobs to pursue risky passion projects."

2021 219

Most Musicians Earn Little on the Music Streaming Site Spotify

Small Business Labs

The Rolling Stone article The Rosy ‘Creator Economy’ Is Music’s Biggest Lie discusses the dramatic lack of revenue for many artists involved in the creator economy. 

2021 155

The Rising Net Worth of the Less Affluent

Small Business Labs

The article chart below shows the dramatic increase in the bottom 50%'s wealth since the Great Recession. While very good news, the article points out there is still long way to go. 

2021 217

Combo Social Club/Coworking Space Soho House Went Public

Small Business Labs

   Key quote from the article: "From its garden-studded outdoor space and rooftop pool to its cozy-yet-luxury indoor bar and club, Soho House Austin has arrived." " The article picture below shows the pool area.

2021 176

The Long Term Shift in Business Applications to Solopreneurs

Small Business Labs

  See this article for details on the business formation statistics and the 2020 surge in new business applications.   In the early 2000s, about 60% of all new business applications were from businesses planning on having employees. 

2021 236

American Express on The Rise of the Digital Nomad

Small Business Labs

  As we pointed out in our article The Wannabe Digital Nomads , most people saying they're interested in becoming a digital nomad won't do it.   American Express recently released its annual Global Travel Trends report.  

2021 223

LinkedIn's New Freelance Marketplace

Small Business Labs

According to the article: Marketplaces, which is supposed to launch in September, will focus on white-collar jobs in fields like design, marketing, and software development.

2021 225

It's Time to Upgrade U.S. Economic and Labor Statistics

Small Business Labs

Sometimes we post articles on topics few people are interested in.    This is such an article.      But you should be interested because the economic and labor data collected by government agencies no longer provide the information we need to properly understand and manage the U.S. economy. Over the past week several sources explained the problems with government data collection efforts and made suggestions on how to improve them.

2021 168

How the Pandemic Changed the Way Americans Spent Their Time

Small Business Labs

The New York Times article More phone calls, less shopping: how the pandemic changed American lives, down to the minute examines data from the American Time Use survey to show the changes in how Americans spent their time last year.  

2021 159

Why Traditional Employment Limits Flexibility

Small Business Labs

The article quote we found most interesting is (the bolding is ours) : "The companies also insist that reclassification would rob the workers of flexibility, an argument Lyft made in an email to drivers in Massachusetts on Tuesday morning reviewed by The Hill.

2021 159

Small Business Mobile Banking Use Varies by Generation

Small Business Labs

The article also points out that the average age of a small business owner is 62.  

2021 146

Who are "Geriatric Millennials"

Small Business Labs

Over the past week, there's been a flurry of articles and social media posts on "geriatric millennials" This term refers to the oldest millennials, those born between 1980 and 1985.     The picture below is from the article.

2021 180

The Texas Power Outage and the Rise of Microgrids

Small Business Labs

As the Bloomberg article title implies, going the full solar route is still a bit expensive. Both of the partners at Emergent Research started their careers as economists, specifically energy economists.

2021 219

Barlow Research on Small Business Exporters

Small Business Labs

Their article Five Truths about International Business in the Middle Market covers survey research on the exporting and importing by U.S.    Barlow doesn't include historical data in their article

2021 203

The Growing Role Small Businesses and Independent Workers Play in Corporate Ecosystems

Small Business Labs

The article chart below, which shows the 7 largest companies in the world by market capitalization, really jumped out at us.  McKinsey's Ecosystem 2.0: Climbing to the next level summarizes ecosystem 2.0 as: In the emerging world of Ecosystem 2.0,

2021 226

Axios on The Rise of "Third Workplaces"

Small Business Labs

  And as is covered in the Axios article The Rise of "Third Workplaces" , the shift to remote work is not just a binary choice between your home and your office.  But we agree with the article that more will do so in the future.

2021 163

Yet Again, Flying Cars are Predicted to be Just Around the Corner

Small Business Labs

Both the New York Times and the BBC have recent articles claiming that flying cars, in the form of flying taxis, will soon be common.    The picture below is from a 1917 newspaper article and shows the Curtis prototype, which, of course, never went into production.

2021 223

The Flying Car Dream Continues

Small Business Labs

But as the New York Times article What is a Flying Car points out, the long term dream of flying cars continues to get closer: That dream, most experts agree, is a long way from reality.   Just last November, they had another article on flying cars.  

2021 158

The Wannabe Digital Nomads

Small Business Labs

" The chart below, also from the Bloomberg article, shows that 19 million Americans say they plan to become digital while another 45 million say they are considering it.

2020 229

The Stunning Financial Success of Gig Economy Marketplaces

Small Business Labs

  As the Financial Times article Airbnb and DoorDash IPOs leave gig economy issues unresolved points out, most of these firms are still not profitable.  Last week Airbnb and DoorDash went public with breath taking valuations. 

2020 219

The Legal and Tax Complications Faced by Digital Nomads and Their Employers

Small Business Labs

  A quick summary of the article is if you're working remotely, it can be pretty complicated and potentially expensive from a tax perspective. Thanks to the pandemic, employers and employees have both embraced the advantages of remote work. 

Legal 193

New Pet Industry Buzzwords - Petrenthood and Petriarchy

Small Business Labs

So it's no surprise we enjoyed Wunderman Thompson's article On-Demand Pet Care , which is a pet trends article (it covers new on-demand pet services) and has two buzzwords that are new to us - petrenthood and petriarcy. Even better, they are in the same paragraph in the article

2021 141

HBR on Why Companies Need Digital Nomad Programs and Policies

Small Business Labs

   Based on an extensive study of digital nomads done by Emergent Research and MBO Partners , the article highlights two key reasons digital nomad policies and programs are important. See the article - written by us and Miles Everson, CEO of MBO Partners - for more details. 

75 Must-Know Statistics About Race, Income, and Wealth

Small Business Labs

  Key article quote summarizing these statistics: "On average, people of color experience significantly lower levels of income, retirement savings, and rates of homeownership than white Americans.

2020 233

Recode's 10 ways office work will never be the same

Small Business Labs

At around 4,000 words, Recode's 10 ways office work will never be the same is really more of a report than an article. The article is chocked full of data and links to interesting studies illustrating what offices will be like post-pandemic. 

2021 175

Side Gigs for Restaurants

Small Business Labs

The New York Times article You’ve Heard of Ghost Kitchens. Key quote from the NYT article on the burger franchise MrBeast Burger , which takes its name from the well-known celebrity YouTube star MrBeast : MrBeast Burger is not quite what most of us think of as a chain, or even a restaurant.

The Problems Fashion Freelancers Face

Small Business Labs

The article also cited other problems that fashion freelancers face. The article explains why: Giulia Mensitieri is an anthropologist and author of  The Most Beautiful Job in the World , which exposed a culture of exploitation across the industry.

2021 162

Number of U.S. Nonemployer Businesses Continued to Grow in 2018

Small Business Labs

  The Forbes article Growth Of Million-Dollar, One-Person Businesses Accelerates goes into detail on an even higher earning segment - those reporting revenue of $1 million plus.  According to the  U.S.

2018 233

Creative Boom on What They Never Tell You About Becoming a Freelance Creative

Small Business Labs

There's lots of articles these days covering how to become an full or part-time independent worker (freelancer, independent contractor, gig worker. See the article for the descriptions. 

2021 169

Spending on Pets and Investing in Pet Startups Continues to Grow

Small Business Labs

   And according to Crunchbase News bad pet pun infused article Pets Became Purrfect Pals During Pandemic While Startup Funding Didn’t Lay Down , 55 pet startups raised $281 million in venture funding in 2020 (chart below).

2021 167

Uber Grants U.K. Drivers "Worker" - But Not Employee - Status

Small Business Labs

   But as we pointed out in our article  A Third Way to Classify Workers Gains Momentum , we've changed our minds.  After losing a U.K. Supreme Court case,  Uber this week announced it would be classifying its U.K. drivers as "workers."

2021 167

The Recession's Economic Damage is Widespread

Small Business Labs

Yesterday we covered a series of recent articles saying it will take 2-3 years for the economy to recover to pre-pandemic levels. One reason for this view is almost all industries are being negatively impacted by the recession. Illustrating this is the BLS's employment diffusion index.

2020 219