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

Presented by SCORE.org

in association with

zipcar.com/business.

Home Based BusinessesThe Numbers Are Through The Roof!

38Million

Home businessesin the US today.... ...That’s nearly 1 in every 8 homes!

FACT: More than 1/2 of all new businessesstart as home-based businesses

75.4% Have paid full-timeemployees

58.0% Have paid part-timeemployees

31.6% Use contractors oroutside consultantsIn annual revenue

Generating And lots of new jobs:

Wake-up call: Home based businesses create 1 new job every 11 seconds!

58.2% Woman-owned46.5% Minority-owned55.4% Veteran-owned

7.9% Service-disabled

50.8%Have a college

degree

36.5%29.6%31.7%2.2%<25 25-44 45-54 55+

It’s opportunity for entrepreneurs of all ages:

What do they do?

Pretty mucheverything!

51% Service 15% Construction 4% Manufacturing 5% Transport/Communication/Utility 3% Wholesale Trade 13% Retail Trade 7% Finance/Insurance/Real Estate 2% Other

20.8%Didn’t need

startup capital

30.6%Used less than

$5000

62.9% Work 40+ hours/week

1.5%Needed $1M

or more

70%Are StillThriving

After3 Years

Vs. less than 30% of other businesses.

20% make$100-500k/year

57.1% bring inunder $25k/year

Say it’s their primary source of income50.5%