Small Business Labs

article thumbnail

Accenture on Social Commerce

Small Business Labs

Accenture, a global consulting and services firm, predicts that social commerce will grow to $1.2 trillion in global revenue by 2025. Accenture defines social commerce as: "The integration of social experiences and ecommerce transactions in a single path to purchase, enabled by platforms." The Accenture chart below (click to enlarge) provides more details.

article thumbnail

Pew Research on The State of the Gig Economy in 2021

Small Business Labs

The Pew Research Center, a highly regarded non-profit, non-partisan D.C. think tank, recently released The State of Gig Work in 2021 report.   The report covers the results of an in-depth survey of Americans who earn money from the gig economy, which Pew defined somewhat narrowly.  They only included workers who earned money by providing the following services via online gig platforms:  " driving for a ride-hailing app; shopping for or delivering groceries or househol

2021 233
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Gen Z Driving the Changing Demographics of Independent Work

Small Business Labs

2021 represents a watershed year in terms of the generational makeup of the independent workforce. As the study chart below (click to enlarge) from the MBO Partners 2021 State of Independence report shows, the two youngest generations - Gen Z (born 1997-2012) and Millennials (born 1980-1996) - make up the majority of independent workers (freelancers, self-employed, gig workers, etc.). 2021 is the first year when this is the case.   A key driver of this shift has been the rapid growth

2012 57
article thumbnail

The United Nation Reports There are 4.9 Billion Internet Users

Small Business Labs

The UN’s International Telecommunication Union (ITU) estimates that 4.9 billion people are using the Internet in 2021 , which is about 63% of the world's population. This, of course, means about 37% of the world's population are not Internet users, and not surprisingly, most of these folks are in developing countries.   Key quote from the Washington Post's 1 in 3 people around the world have never used the Internet, a U.N. report estimates : " across the U.N.’s 46 lea

2005 309
article thumbnail

RV Nation and the Vanlife Movement

Small Business Labs

Axios' The rise of RV living covers the surge in recreation vehicle sales since the pandemic.  Key quote: As of March 2021, 11.2 million U.S. households owned RVs, according to the Recreational Vehicle Industry Association. That's up 26% since 2011. What's even more striking is that 9.6 million additional households say they are considering buying an RV in the next five years, says Monika Geraci, communications director at RVIA.

2021 33
article thumbnail

Study by U.K. Think Tank Finds Gig Workers Satisfied With Their Work

Small Business Labs

The Social Market Foundation is an independent, non-partisan, non-profit think tank based in the U.K.   They recently released Rides and responsibilities: Understanding the needs and preferences of those who work in the gig economy , a study they conducted that focused on the attitudes and motivations of food delivery riders who work with Deliveroo.

Legal 207
article thumbnail

What are DAOs (Decentralized Autonomous Organizations)? And Why You Should Care.

Small Business Labs

The simplest way to describe DAOs - distributed autonomous organizations - is they're online communities owned and controlled by their members.    The basics are a group of people with a common goal get together online, pool their resources and collectively attempt to accomplish the goal. Think of them as online co-ops. But unlike traditional co-ops, DAOs are governed by smart contracts ((collections of computer code) that define the DAO's operating rules.  These&

Legal 53