Home Based Business: Did You Know?

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Did You Know

* About 70% of home-based businesses will last over a three-year period, compared to 29% of other business ventures, according to the Home-Based Business Institute.

* Entrepreneur magazine estimates that $427 billion is generated each year by home-based businesses. Pittsburgh Business Times reports this figure is larger than General Motors, Ford, and Chrysler combined.

* According to Entrepreneur.com more than 50% of all home-based businesses have the following office equipment; personal computer, cell phone, ink jet printer, scanner and fax machine.

* Today, women run 70% of home-based business. That figure translates to nearly 17 million. (National Center for Policy Analysis)

* According to the IDC, The typical home-based business has been in operation for 10.7 years.

* 51% of home office users are college graduates with incomes more than $40,000 (IDC/LINK).

* The number of U.S. households that have a home-based business currently exceeds 12 percent. – Office of Advocacy, Small Business Administration

* According to IDC, a top national research firm, there are between 34.3 million and 36.6 million home...

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