SMB Nation Blog

SMB Nation has been serving the Bainbridge Island area since 2001, providing IT Support such as technical helpdesk support, computer support, and consulting to small and medium-sized businesses.

Start-ups Fueled by Young-ins!


There is no age discrimination in the entrepreneurship community. It’s a line of reasoning that cuts both ways. You can be a 50+ year old white collar tech exec who is “yes sir-ed” through the back door in the tech community StevenAldrichbecause of ageism but still have credibility as a start-up entrepreneur. Likewise, you can be a millennial in the new gig economy who embraces start-ups. It’s a big tent and there is room for all.

Recently GoDaddy released an extensive study on how millennials are fueling entrepreneurial growth.


The end of the story is that young people don’t know what they don’t know and that is an asset in taking the start-up plunge. Contrast that with my friend, a sales rep at a Big Pharma company, who is 55YO and risk adverse. Combine that innocence with a “gig economy” view and you have what GoDaddy calls a new entrepreneurial era where 1-in-3 millennial professionals intend to pursue their own ventures in the next ten years. And that plays very well into GoDaddy’s SOHO and SMB focus of delivering light weight IT solutions such as web pages, domain registration and Office 365 subscriptions.

I spoke with GoDaddy’s Chief Product Office Steven Aldrich, pictured, recently about is new study and here is what I learned.


Fueled by technology that has made entrepreneurship easier than ever, a strong desire for autonomy, and start-up role models such as Facebook’s Mark Zuckerberg, the two book-end generations of global workers – Millennials and Baby Boomers – are driving a huge spike in the number of professionals looking to create their own business or be self-employed, according to a new global survey commissioned by GoDaddy.

The research found that 36 percent of people plan to either start a small business or be self-employed within the next 10 years. This is especially true of Millennials, with 50 percent saying they plan to be entrepreneurial during the same time period. In fact, 24 percent of Millennials started their current business while they were still in school. That makes them six times more likely to pursue entrepreneurship as a career than their Baby Boomer counterparts were in the 1960s and 1970s.

“We’re entering a Golden Age for entrepreneurs across the world. The combination of accessible technology, cultural acceptance of startups, and the desire for more flexibility in our lives, is causing people to pursue their true career passions at a rate never seen before in history,” said GoDaddy CEO Blake Irving. “The sheer volume of emerging entrepreneurs speaks to a fundamental shift in our society toward ownership and controlling one’s fate.”

Conducted by Morar Consulting and Vrge Analytics, the research surveyed 7,291 professionals, including 2,707 current small business owners or self-employed individuals, in Australia, Brazil, Canada, China, Hong Kong, India, Mexico, Singapore, Turkey, the United Kingdom, and the United States.

Technology Eliminates Jobs, Creates Growth
Workers say technology empowers. 81 percent of those surveyed said that technology made starting a business easier, and more than half (56 percent) prefer the “do it yourself” model for handling their tech needs. 58 percent said websites and social media are the most attractive channels to customers. As more people have become comfortable with new technology (cloud, social media, mobile) this decade, they are applying it to their entrepreneur ambitions.

Respondents are also aware that technology can put pressure on their jobs, leading to a potential reduction of hours and layoffs. The loss of jobs is a contributing factor leading many workers to take the small business plunge: 18 percent of small business owners said they started their venture after losing their job. 30 percent of respondents said the introduction of new technologies over the last 3-5 years has negatively reduced their work hours.

Avoiding the Corporate 9-to-5
The survey found that autonomy is the #1 driver to become an entrepreneur. People want the ability to work when they want, where they want, and how they want. Flexibility (41 percent) trumped money (17 percent) and not worrying about corporate layoffs (17 percent) by a wide margin.

Overall, the global research painted a picture of our oldest and youngest generations of workers looking to seize the initiative and control their destiny:
· 36 percent of professionals plan to either start a small business or be self-employed over the next 10 years. Including those who plan to moonlight with full-time jobs, that number jumps to an eye-opening 45 percent.
· Millennials are taking the plunge and starting new ventures at a pace never seen before, with 50 percent indicating they intend to start a new business or become self-employed in the coming decade. In the United States alone, that means 37.7 million new entrepreneurs in the workforce.
· Baby Boomers aren’t planning to stop working in their Golden Years — 21 percent plan to start their own venture within the next 10 years. In the United States, that equates to more than 15.7 million new entrepreneurs.
· 13 percent of Millennials said they were laid off because of new technologies. 36 percent of Millennials said the introduction of new technologies reduced their work hours.
· 7 percent of Baby Boomers said they were laid off because of new technologies. 25 percent of Baby Boomers said the introduction of new technologies reduced their work hours.
· Many would-be entrepreneurs in the United States point to their parents (39 percent) and Mark Zuckerberg (27 percent). But Zuckerberg (40 percent) clearly tops parents (30%) among Millennials. Just over one percent looked up to socialite Kim Kardashian’s method of building a brand.
· Entrepreneurs demonstrate a no-fear attitude. 59 percent of entrepreneurs would try again if their current venture failed. They say grit and determination (76 percent) are more important than having a great idea (53 percent).
· Presidential candidates take note: In the U.S., 60 percent want government to do more to promote small business and entrepreneurs vs. 24 percent who say government should stay out of business all together

The global survey of 7,291 respondents was conducted from August 11-August 21, 2016 in eleven countries.

Continue reading
976 Hits

2016 Salary Survey Results – Part III: Forward Looking Statements

2016 Salary Survey Results – Part III: Forward Looking Statements

Time to look forward to the future in the SMB partner community. You will recall that we have presented two prior installments on our annual salary survey in past issues (Educated and Income) I’d encourage you to refill your coffee (or your beer), review those prior installments before proceeding further. I’ll wait here.

Welcome back! 

If anything, entrepreneurs are optimistic. I use that label because, in our past installments (read above), you are the founder and owner of your partner practice (MSP, CSP, consulting practice, reseller), etc. But even I was surprised how positive you are right here, right now. When asked if you expected positive compensation growth in 2016, 62% of you replied affirmative. The positive growth categories ranged from +1% to +50%. The greatest positive response grouping was 1% to +10% growth. The “break-even” crowd came in at 27.27%. The “Nabobs of Negativity” forecasting income contraction only amounted to 10.92%. While I’m no Nate Silver who is arguably the world’s best statistician, I can predict positive growth with a 90%+ confidence level in 2016. You can take that to the bank. Hell go out and buy a new car!

Your overall economic sentiment strongly correlated to the income assessment above. An even greater majority (62.44%) weighed in as Moderately Optimistic/Optimistic). The break-even crowd was 23.64% and the pessimist totaled 14.55%. To be clear, economic sentiment is more of an emotional measure.

Don’t Worry, Be Happy! 

Studies show that over 70% of “employees” are unhappy at work (Gallup). But “we” in the SMB partner community are exactly the opposite. A whopping 89% of you enjoy your job as a partner, MSP, CSP, VAR, reseller, consultant…whatever the heck you call yourself! I’ve always said that to outside observers. You guys love what you do first and foremost. And as I alluded to in my roadshow article here, you entered this business as a technical professional and you still like to geek out at workshops. Only 11% of you don’t like your work. We know who you are (yes – we’re watching you!).


In my next installment of the annual salary survey, we’ll dig a bit deeper into company and customer size and discover if size really matters.

Continue reading
902 Hits

Bloodiest tech industry layoffs of 2016 so far

IBM, Intel, Microsoft, and VMware are among those that have been cutting their workforces

By: Bob Brown, Network Wolrd

The number of non-farm jobs added in the United States in recent months has inched up, and the unemployment rate has held steady at 5 percent, but that's not to say the computer and networking industry hasn't suffered its share of layoffs in 2016 to date.

Here's a rundown of some of the more notable layoffs, workforce reductions, resizings or whatever companies want to call them.

[ For more stories about IT jobs, check out "To new beginnings: Techies take a chance." | Have a tech story to share? If we publish it, we'll send you a $50 American Express gift cheque -- and keep you Anonymous. Send it to This email address is being protected from spambots. You need JavaScript enabled to view it.. | Follow InfoWorld's Off the Record on Twitter and subscribe to the newsletter. ]

Microsoft

The company is axing another 1,850 staff from its smartphone hardware business, with most of those being  affected at the old Nokia business in Finland. Though 500 others will be let go globally.

Microsoft's 2013 buyout of Nokia's mobile phone business hasn't panned out, with Microsoft's market share stagnating as Android and Apple phones continue to gobble up market share. Microsoft has sold off its feature phone business and is sticking to enterprise-only technology, where it feels it can differentiate itself.

Nokia

Speaking of Nokia... the telecom network equipment maker was said in April to be cCutting thousands of jobs globally following its acquisition of Alcatel-Lucent. The cuts are part of a plan by the vendor to slash operational costs by $1 billion over the next couple of years

Read More

Continue reading
478 Hits

SMB Salary Survey for 2016 is OPEN!

 

Wonder how you measure up? Here is your chance to both provide community data and then discover the results in a future blog. Think of it as training data for a BIG DATA experiment in SMB. You can participate confidentially and contribute to the data set. The more participants we have, the greater the value of the data. Again, we’ll happily share the results with you.

Thank you in advance and participate in the survey here: https://www.surveymonkey.com/r/salary2016

We appreciate the generous support of Atera (www.atera.com) in underwriting this community survey.

salary survey artowrk

Continue reading
2088 Hits
1 Comment