New Pet Industry Buzzwords - Petrenthood and Petriarchy
Small Business Labs
JULY 29, 2021
Regular readers know we like both new buzzwords and pet trends here at Small Business Labs.
Small Business Labs
Industry Related Topics 
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Industrial Internet Changing Industries
Small Business Labs
NOVEMBER 6, 2014
Interesting study from Accenture on how the industrial internet is changing the competitive landscape of industries. Accenture defines the industrial internet as the combination of Big Data analytics with the Internet of Things. Eighty-four percent feel that Big Data analytics has the power to shift the competitive landscape for their industry in the next year.
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Site Covers How the Economy is being Impacted by the Pandemic by Industry
Small Business Labs
APRIL 20, 2020
Vertical IQ is a leading provider of Industry Intelligence for those advising small- and medium-sized businesses such as bankers, accountants, and other SMB advisors. The chart below shows their high-level industry sector coverage.
Coworking Industry Competition Heating Up
Small Business Labs
OCTOBER 24, 2017
The coworking industry is getting more competitive. According to Frank Cottle, chairman of Alliance Business Centers, "WeWork is nothing but Regus with a paint job" He is also quoted saying it's $20 billion valuation "makes no sense" Regardless of what you think about WeWork or its valuation, it's clear they're having a competitive impact on the coworking industry. The coworking industry is attracting a range of new entrants.
What WeWork's Troubles Mean for the Coworking industry
Small Business Labs
SEPTEMBER 23, 2019
But despite WeWork's woes, the coworking industry is doing just fine. As we pointed out a few months ago, the coworking industry continues to surge and WeWork's problems won't change this. Having said all that, WeWork's problems will impact the coworking industry. In the short run, there will be a lot of negative press and coworking's naysayers (and there are quite a few) will suggest the industry is not sustainable.
Coworking Doesn't Need a New Name, But the Office Space Industry Does
Small Business Labs
NOVEMBER 26, 2018
Key quote: The industry has come a long way since it first took off in the early 2000s. We agree that the term "coworking" is too limiting for what's going in the commercial office space industry. Firms like Industrious, WeWork, Serendipity Labs and many others no longer just provide workspaces where people work alone together. This is part of a much broader trend - the servitization of products - that's impacting most industries.
Expert Network Industry Big and Getting Bigger
Small Business Labs
JULY 9, 2018
The industry is also growing rapidly, with industry revenues expected to exceed $1 billion by 2022. 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." " The firms in this sector, such as GLG (Gerson Lehrman Group), Guidepoint and Third Bridge, are surprising large.
After a Decade of Strong Growth, Craft Brewing Industry Shows Signs of Slowing
Small Business Labs
SEPTEMBER 12, 2017
of the beer industry's 2016 volume. beer industry's revenue. So while the craft beer industry is still growing, the growth is starting to slow. Our interest in the craft brewing industry is due to the fact that it's such a good example of a barbell industrial structure. We've been following the evolution of barbell industry structures for over a decade and we often use the beer industry as an example.
The Ideas Industry
Small Business Labs
JUNE 2, 2017
The Ideas Industry is an interesting look at how the marketplace for ideas is shifting due to the emergence of for-profit think tanks and ideas entrepreneurs. The book reaches no firm conclusions whether or not the evolution of the ideas industry and the rise of for-profits is good or bad. " Missing from the book is coverage of the role thought leadership is playing in the rapidly growing content marketing industry.
Connecting Artisan Makers With Retailers and Customers a Rapidly Growing Industry
Small Business Labs
DECEMBER 17, 2018
Two companies that connect artisan makers with retailers and customers announced large funding rounds last week. The wholesale marketplace Faire raised $100 million while the wholesale and licensing business Minted said they raised $208 million. Both firms connect retailers, who are often small independents, with small and solopreneur maker businesses. Faire reports having "15,000 stores actively buying on the platform?—?more
Healthcare Industry Embracing the Gig Economy
Small Business Labs
JULY 25, 2017
These include: The Stem : a ‘networked consulting’ model that draws on the industry’s leading independent talent to help health companies increase customer/patient engagement. The gig economy continues to spread rapidly and is becoming a key talent source for many industries.
Media a Barbell Industry
Small Business Labs
APRIL 4, 2013
Paid Content has an interesting article on media becoming a barbell industry. Barbell industry structures consist of a relatively few giant corporations on one end, a narrow middle consisting of a shrinking number of mid-sized firms, and a large and growing number of small, micro and one person (solopreneur) firms on the other end. We've looked at dozens of industries and all have this structure or are moving to it. industry structure
2014 Pet Industry Trends
Small Business Labs
JANUARY 2, 2014
I can think of no better way to start 2014 than with a look at 2014 pet industry trends. Multibrief's Pet Businesses Will Prosper: Industry trends for 2014 and beyond provides such an outlook. According to the article, the pet industry is forecast to continue to grow driven in large part by the pet humanization trend. The pet industry is mostly made of small businesses.
Pet Industry Continues to Attract Venture Capital
Small Business Labs
JULY 5, 2018
Crunchbase's Investors Unleash Millions Into Pet-Tech Startups covers the surge in pet industry venture funding over the past 5 years. The pet industry continues to grow and the pet humanization trend continues to get stronger as pet obsessed Millennials pamper their pets even more than older generations. Key quote: Funding in pet startups surged by 334 percent to $291.8 million compared to $67.2 million in 2012, according to Crunchbase research.
Upwork Going Public; Shows Maturation of Online Talent Marketplace Industry
Small Business Labs
SEPTEMBER 10, 2018
That both Upwork and Fiverr have reached the size and scale to go public shows the maturation and growing importance of the online talent marketplace industry. The online freelance talent marketplace Upwork filed last week to go public. According to the filing, Upwork has 375,000 registered freelancers and 475,000 client businesses located across 180 countries. The company reported sales of $164.4 million in 2016 and $202.6
The $11 Billion Workspace-as-a-Service Industry
Small Business Labs
JUNE 17, 2014
The 1st Annual Local-Mobile Workspace-as-an-Industry conference was recently held in San Jose. The workspace-as-a-service industry includes office business centers, coworking facilities, incubators and other shared office environments and services. The industry is quite large, as shown in the slide below from Scott Chambers' state of the industry presentation.
Led by Retail, The Surge in New Business Applications Continues
Small Business Labs
MAY 18, 2021
The industry with the highest number of applications in April was retail trade, with 96,000 applications. This same shift to solopreneur firm applications is occurring in most industries. Freelance gig economy Independent workers industry structure trends
Meetings a Huge Industry
Small Business Labs
FEBRUARY 26, 2014
Based on these numbers, the meetings industry contribution to U.S. GDP is greater than the motion picture/recording industry ($113B), performing arts/spectator sports/museums ($87B) and information and data processing services ($80B). According to a report by the "Big 4" accounting firm PriceWaterhouseCoopers (PWC), in 2012there were "1.83
Disruption in the Industy Analyst Industry
Small Business Labs
APRIL 9, 2014
As industry analysts we are very interested in new and innovative business models and practices in our industry. There are several worth noting: Industry Analyst/Journalism Hybrid : These are firms that are augmenting or replacing their traditional advertising based business models by adding industry analysis and/or research services. It will be interesting to see how this industry evolves. Business Models industry structure
MBO Partners 10 Future of Work Predictions for 2021
Small Business Labs
JANUARY 5, 2021
Business Models Freelance gig economy Independent workers industry structureLast week MBO Partners released their annual future of work predictions for the coming year.
Deloitte on Industrialized Crowdsourcing
Small Business Labs
MARCH 6, 2014
Deloitte University's Industrialized Crowdsourcing is one of the best, relatively short descriptions of crowdsourcing I've read. The key quote is the summary: Enterprise adoption of the power of the crowd allows specialized skills to be dynamically sourced from anyone, anywhere, and only as needed. Companies can use the collective knowledge of the masses to help with tasks from data entry and coding to advanced analytics and product development.
The Staffing Industry Analyst's Human Cloud Framework and Taxonomy
Small Business Labs
SEPTEMBER 19, 2017
Last week the Staffing Industry Analysts (SIA) released The Human Cloud, the Gig Economy & the Transformation of Work. It nicely covers the topics mentioned in the report title. Key quote from the report on the size of the "human cloud": "SIA estimates that total human cloud spending reached between $47 and $51 billion globally in 2016.
Braintrust - a Coop Online Freelance Talent Marketplace
Small Business Labs
SEPTEMBER 1, 2020
But 4 years later, coops haven't made a dent in the online talent marketplace industry. Freelance gig economy industry structure Small Business EconomyBraintrust is a new entrant in the online talent marketplace space, but with a twist.
Growing Direct Selling Industry Employs Over 20 Million Americans
Small Business Labs
APRIL 25, 2017
This makes direct selling a relatively bright sector of the retail industry. A couple of other interesting data points on the direct selling industry are women make up 77% of sellers and wellness products are driving the growth of the industry (see chart below; click to enlarge). 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.
MIT Economists on the Impact of COVID-19 on Labor Markets
Small Business Labs
AUGUST 4, 2020
Government Policy industry structure Small Business Economy Web/TechThe Hamilton Project essay The Nature of Work after the COVID Crisis: Too Few Low-Wage Jobs is authored by MIT economists David Autor and Elisabeth Reynolds.
The Staffing Industry Analysts on the Gig Economy and Cloud Labor
Small Business Labs
OCTOBER 11, 2018
The Staffing Industry Analysts (SIA) recently released their U.S. Gig Economy - 2018 Edition report. 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. They define the human cloud as: " all manner of companies that facilitate direct, digitally-enabled work arrangements, from sourcing a worker through payment."
Digital Nomad Numbers Skyrocket Thanks to Work From Anywhere
Small Business Labs
OCTOBER 6, 2020
Most (52 percent) are also reporting they plan on visiting fewer locations but spending more time at each stop, which is consistent with trends in the travel industry as a whole. The number of U.S. digital nomads grew from 7.3 million in 2019 to 10.9 million in 2020, a 49% increase.
Air Taxi Company Joby Went Public
Small Business Labs
AUGUST 16, 2021
According to the industrial firm Honeywell, which makes parts for aircraft, the urban air mobility market is expected to be worth about $120 billion in 2030. The urban air mobility (buzzword alert) company Joby made its public markets debut last week.
"Hotel on Wheels" #VanLife Firm Cabana Raises $10 Million
Small Business Labs
JUNE 29, 2021
The RV Industry Assn. Cabana rents custom-built Ford Transit vans that include beds, storage, bathrooms, and Internet access. Their tagline is "a hotel that travels with you" They're hoping to tap into the large and growing number of #Vanlifers.
Online Platforms Supporting Digital Nomads
Small Business Labs
JUNE 8, 2021
It's targeted at the travel industry and how it can better support the needs of digital nomads. Platform Professional's Platforms and Digital Nomads covers online platforms supporting digital nomads.
The Ups and Downs of the 3D Printing Industry
Small Business Labs
AUGUST 25, 2015
The 3D printing industry is at an interesting point, with both good and bad news coming out on a regular basis. But even as it slumps a bit, there's still a lot enthusiasm around the 3D printing industry and no change in the view 3D will eventually fundamentally change how things are made. The question has been when will it finally enter mainstream use for industrial applications.
Accenture on Social Commerce
Small Business Labs
JANUARY 11, 2022
The traditional direct selling industry (also known as multi-level marketing) has been around at least since the 1940s, with well-known brands such as Avon, Tupperware, and Mary Kay - all of which integrate social experiences of some form on the path to purchase.
The Post Pandemic YOLO Movement
Small Business Labs
APRIL 22, 2021
YOLO is an acronym for "you only live once", which was popularized by the rapper Drake a decade ago. We learned this interesting fact from the New York Times article Welcome to the YOLO Economy.
Wunderman Thompson's 2021 Future 100 Trends Report
Small Business Labs
JANUARY 25, 2021
This year’s report also includes 21 exclusive predictions from leading experts across industries to mark 2021. The 2021 edition of the annual Wunderman Thompson Future 100 report was released last year. It's one of our favorite trend reports.
The Demographics of Nonemployer Business Owners
Small Business Labs
MARCH 30, 2021
The new data provides information by owner demographics such as sex, race, ethnicity and veteran status, geography, industry, receipt size class, and legal form of organization. The U.S. Census has released new demographic data on nonemployer businesses.
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