10 Facts About Home Based Businesses
Here are the details in list format:
1. Estimated number of home businesses in the U.S.:
- In 2000, 9. million
- In 2005, 11.3 million
- In 2010, 18.3 million
2. Number of U.S. households with active home offices: 34.3 to 36.6 million
3. One home in ten houses a home based business
4. A new home business starts every eleven seconds
5. 53% of small businesses are home based
6. Seven out of ten succeed
7. Of the 18.3 million home based businesses, 6.6 million generate at least 50% of the owner's household income. Of these,
- 8% generate more than 500k in revenue annually
- 35% generate revenue above 125k annually
8. Home based businesses employ an average of two people
9. They bring in $427 billion annually
10. 50% – the estimated percentage of homepreneurs' household income generated from their home-based business
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