The rising popularity of companies that provide on-demand businesses and services

I have a pleasure to recall that, in the quarterly survey, from Wells Fargo which measures the optimism of small business owners, Small business owners also were asked about the rising popularity of companies that provide on-demand businesses and services, which involves using the internet and smart phone apps to assign work to people who are not regular employees, but are available to do tasks on an on-demand basis or as needed.

Just 18 percent of those surveyed describe their business as a provider of on-demand goods and services, yet one in four (26 percent) believe the trend toward more on-demand labor will benefit their business in the long run. Another 20 percent say their business currently faces competition from on-demand companies, and another 27 percent expect to experience this competition in the future.