Here are some interesting statistics on home based business in America:
Stats of interest:
- A Home Based Business starts every 12 seconds
- 38 Million home based businesses
- 70% of Home Based businesses succeed after 3 years vs 30% of traditional “brick and mortar” businesses.
- 44% of Home Businesses are started with under $5,000 initial investment
- 20% of Home Based Businesses gross $100,000 to $500.000 annually.
- Over 70% of Americans would prefer to be self-employed if possible!
Editor: I don’t know where these stats come from or how they’re quantified. But Home Based Businesses in the US will continue to proliferate as the economy falters along!