Home Business Facts Australia

Home Business Facts: According to the Australian Bureau of Statistics (ABS).

The fastest growing industry sector in Australia is the Home Based Business (HBB) Sector and at last count represented over (990,000 businesses in Australia).

Home based businesses make up a very large proportion of the total small business population in Australia.

In June 2004, it was estimated that 67.5% of all small businesses were home based, compared to 58.3% in February 1997.

1,040,000 people, representing 62.6% of all small business operators, operated these businesses.

By Length of Operation

In terms of length of business operation, home-based businesses followed a similar distribution pattern to that of total Small business with:

16.9% in operation for less than one year old
36.2% in operation for one year to less than five years
17.6% in operation for five years to less than ten years
29.3% in operation for ten years or more

The most significant annual increase occurred in the proportion of home-based businesses in operation for less than one year, which rose by 2.1 percentage points to 16.9%.

(Source: Australian Bureau of Statistics)

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