the rise of home based businesses
DESCRIPTION
Infographic showing the Rise of Home Based BusinessesTRANSCRIPT
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%