Welcome to Small Business Labs

  • Small Business Labs is the research blog for Emergent Research's ongoing project to identify, analyze and forecast the key social, business and technology trends driving the future of small business.

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  • EMERGENT RESEARCH is a cross-disciplinary research and consulting firm. We identify, analyze and forecast the sources and impacts of social and business change. Our focus areas are the global intersections of social and demographic shifts, technology, marketing and economic decentralization.

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  • The authors of Small Business Labs are Steve King, Carolyn Ockels and Anthony Townsend. Steve and Carolyn are partners at Emergent Research and research affiliates at the Institute for the Future. Anthony is a Research Director at the Institute for the Future. Steve, Carolyn and Anthony are co-authors of the Intuit Future of Small Business report series.

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May 16, 2008

Middle Class Millionaires and Business Coaches

I recently posted on the book The Middle-Class Millionaire.  One piece of information from the book that really surprised me was the extent middle-class millionaires (defined as having a household networth between $1 and $10 million dollars) use business and personal lifestyle coaches. 

Their survey showed that "about half of middle-class millionaires have hired a business or life coach in the past three years, and another 20 percent or so say they intend to hire one in the next few years."  The primary purpose they cite for hiring a coach is "help with career skills (90 percent)." 

We've been following the trends around the growth of personal services, but I wasn't aware of how common business coaching had become. 

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