Home Business Facts Worldwide
Home Business Facts Home-based Businesses and self employment is occurring in all parts of the world, from the USA to Iceland from China and India to Latin America and the Caribbean.
It's you turn now: search our website and find a business opportunity that's right for You! Home-based Businesses are hard to document but it is estimated that approximately 10 to 12% of adults in India, Argentina and Iceland are self-employed on some level. - The rate of self-employed individuals drops to the single digit range for countries in Europe.
- With regard to developing countries the rate for self employment is much higher due to the lack of formal employment opportunities.
China and the UK - (Home Business Facts)
China The share of entrepreneurs and self-employed ranged from as high as 25% in Beijing to as low as 11% in Guangzhou. (Source: Who Are China’s Entrepreneurs? By Simeon Djankov, Yingyi Qian, Gérard Roland, and Ekaterina Zhuravskaya)
It is estimated that more than 100 million people in China are Self Employed
Self Employed in the UK The Labour Force Survey (LFS) is the main source for data regarding the number of the self-employed and it shows that there are around 3.5 Million self-classified, self-employed jobs. (Source: Economic & Labour Market Review | Vol 1 | No 7 | July 2007)
Latin America and the Caribbean - (Home Business Facts)
In Latin America and the Caribbean 56 percent of jobs in urban areas are informal, a trend which has caused concern in recent years. The study describes two groups of informal workers: informal self-employed workers who account for 24 percent of urban jobs, and informal salaried workers who account for about 30 percent of total urban jobs and more than half of all informal employment. - Most of these informal self-employed workers said they chose their occupations based on individual needs (desire for greater flexibility and independence) and skills.
- Many women, especially those married with children, prefer self-employment over formal wage-earner jobs to better balance work and family responsibilities.
- However, about one third of self-employed workers (more than half in Colombia) report to be there unwillingly and would prefer a formal wage-earning job.
- Most informal wage earners reported lower levels of welfare or job satisfaction than what they could obtain if they held jobs for which they are qualified in the formal market. The majority were looking for better jobs, either as wage-earning workers in the formal sector or as self-employed, with Mexico and Dominican Republic as outstanding exceptions.
- Informal wage employment is primarily an entry point to the labor market for youth, who hold more than half of the jobs in this sector. Many of the workers in microenterprises (about half in Mexico) are unpaid family members whose presence in this sector is likely to reflect a combination of personal and professional considerations.
- Wage-earning informal employment is also prevalent among many older workers
(Source: World Bank report Informality: Exit and Exclusion).
The Home Business Facts; are in and as you can see the self employed home business industry is alive and well around the world.
Don't wait any longer start a home based business, the facts speak for themselves, the Home Business Facts that is and it is speaking loud and clear. "Start your Home Based Business today!"
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