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The Rise of Home Based Businesses
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The Rise of Home Based Businesses

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Infographic showing the Rise of Home Based Businesses

Infographic showing the Rise of Home Based Businesses

Published in: Business
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  • 1. Home Based Businesses The Numbers Are Through The Roof! Presented by SCORE.org 38 Million Home businesses in the US today.... ...That’s nearly 1 in every 8 homes! FACT: More than 1/2 of all new businesses start as home-based businesses Generating And lots of new jobs: 75.4% 58.0% 31.6% In annual revenue Have paid full-time employees Have paid part-time employees Use contractors or outside consultants Wake-up call: Home based businesses create 1 new job every 11 seconds! 58.2% Woman-owned 46.5% Minority-owned 55.4% Veteran-owned 50.8% Have a college degree 7.9% Service-disabled It’s opportunity for entrepreneurs of all ages: <25 2.2% 25-44 31.7% What do they do? Pretty much everything! 20.8% Didn’t need startup capital 45-54 55+ 29.6% 51% 15% 4% 5% 3% 13% 7% 2% 36.5% Service Construction Manufacturing Transport/Communication/Utility Wholesale Trade Retail Trade Finance/Insurance/Real Estate Other 30.6% Used less than 1.5% Needed $1M $5000 or more 62.9% Work 40+ hours/week After 3Years 70% Are Still Thriving Vs. less than 30% of other businesses. 20% make $100-500k/year 50.5% Say it’s their primary source of income 57.1% bring in under $25k/year in association with zipcar.com/business. SOURCES: • http://www.businessforhome.org/2012/07/home-based-business-in-america/ • United States Census http://www.census.gov/newsroom/releases/archives/business_ownership/cb11-110.html • http://www.abc-computers.com/wp-content/uploads/2011/02/eBook-Work-Without-Walls.pdf • http://www.idc.com/research/viewdocsynopsis.jsp?containerId=227268

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