Home Business Facts:

Open Your Eyes to Possibilities!

Home Business Facts
Great Reasons for a Home Business!

These Home Business Facts will amaze and enlighten you.

Everyday people are starting a home business, Why? Because when we pick up the newspaper or turn on the news all we hear are stories about thousands of job cuts, rising gasoline prices, which in turn increases the price of every single thing we buy from clothes to food and everything in between; which is why more and more people are choosing to start their own home business.

Whether you are looking for a Home Based Business to work as a part-time venture or seeking to begin a new career as a Home Based Business Entrepreneur, there is no time like the present to take action and begin that Home Based Business.

The Home Businesses facts are in and they speak for themselves, as you read on you may be surprised at how many people (over 400 thousand per month) start a business, many of these are home based businesses.

You can be the next Home Business Entrepreneur, the time to begin your Home Business is now,other people are doing it why not You!

“Create your Dream and clarify your Vision”

Home Business Facts

• Nearly 3-in-10 (28 percent) of all entrepreneurs started or acquired their business with no capital at all.

• Half of U.S. Businesses Are Home-Based, Almost half (49 percent) of the nation’s businesses are operated from home, and more than 6-in-10 owners used their own money to start the business.

• Self-employed individuals who have no paid employees operate three-fourths of U.S. businesses.

  “Home-based businesses collectively generated a remarkable amount of economic activity, especially for women and minorities ,” said Census Bureau Director Louis Kincannon.

(Source: The U.S. Census Bureau)

Home Business Fact:
(Women start Home Businesses at almost twice the rate of men.)

Size of the Home Business Market

• No one can seem to agree on the amount of Home Business in existence today; the range runs from 18 million to 36 million.(Either way I like the numbers in this Home Business Fact)

• In May 2004, 20.7 million persons usually did some work at home as part of their primary job.

(Source: Bureau of Labor Statistics of the U.S. Department of Labor)

Who Owns Home Businesses

• Business owners are highly educated, 3-in-10 are over 55 and 14 percent are veterans

• In 2002, 64 percent of business owners had at least some college education at the time they started or acquired ownership in their business, 23 percent had a bachelor’s degree and 17 percent had a graduate degree. Just over 1-in-4 owners had a high school education or less.

• Thirty-one percent of owners were more than 55 years of age, 29 percent were between 45 and 54, and 24 percent were between 35 and 44. Only 2 percent of owners were less than 25 years of age.

• Fourteen percent of business owners in 2002 were veterans; 73 percent of those operated with no paid employees.

(Source: The U.S. Census Bureau)

Ready to choose a Home Based Business

Entrepreneurial activity

• There was an average of approximately 464,000 people creating new businesses each month in 2005.

• Over the past decade, rates of entrepreneurial activity were highest for Latinos

(Source: Kauffman Index of Entrepreneurial Activity, 1996-2005)

Variables

• Individuals with military experience are 9.4 to 11 percent more likely to be self-employed than to work for someone else, all else equal.

• The presence of military experience is the strongest predictor of self-employment in the model.

• The homeownership variable is one of the better indicators of self-employment, with homeowners being around 7 percent more likely than non-homeowners to be self-employed. Moreover, for every $100,000 increase in the value of an individual’s house, the probability of self-employment increases by 2 percent.

• Obtaining more education increases the probability of self-employment. For instance, a head of household with some college (but less than a bachelor’s degree) is 3.3 percent more likely to be self-employed

(Source: Office of Advocacy Working Paper by Chad Moutray, Office of Advocacy, U.S. Small Business Administration. 2007. 31 pages December 2007 No. 313)

( Home Business Fact: many Veterans start home based businesses)

Well the facts are in on Home Based Businesses!

As you can see the Home Business explosion is happening here and it’s happening around the world too: Check out our Home Business Facts on Australia, Canada, China and more! Entrepreneurs from all walks of life are starting home businesses.

The Home-based Business model is a low cost way to start a business, one that is loaded with potential. Starting a Home Business offers women and men equal opportunity to become successful home based entrepreneurs.

So, what are you waiting for explore our a website and find a Home Based Business that's right for You!

You're not alone we're here to help you build a successful Home-based Business, find your passion and follow your dreams of being a home business entrepreneur.

What's that knocking at your door? Don't be afraid to open it! It just might be a successful home business waiting for you!

If you're looking for more information on Home Businesses or statistics regarding Home Based Businesses try these links.

Australia, Canada, China and more!

Good Government Sites