Recent Statistics About Home Based
Businesses
Number of Home Business - 36 million
to 18 million
- According to IDC, a top national research firm,
there are between 34.3 million and 36.6 million
home office households in the United States alone.
- Nationwide, the number of home-based businesses may
range from 18 million to 38 million, depending on who
is doing the counting. U.S. Census figures. Pittsburgh
Business Times
- The number of home-based businesses in the United States surpassed
20 million in 2002, and is expected to eclipse
25 million by 2003 according to International
Data Corp.
- In fact, the U.S. Bureau of Labor Statistics
estimates that there are now more than 18.3 million homebased
businesses in the United States. (Entrepreneur
Magazine )
- The number of U.S. households that have a home-based
business currently exceeds 12 percent."
- Office of Advocacy, Small Business Administration
- Newsweek magazine reports that by the year
2005, it’s anticipated that 50%
of the households in the United States will be involved
in a home-based business!
Success Rate of Home Businesses -
70%
- 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.
Annual Revenues of the Home Business
Industry as a Whole - $427 billion
- Entrepreneur magazine estimates that $427
billion is generated each year by home-based businesses.
Pittsburgh
Business Times That’s bigger than General Motors, Ford,
and Chrysler all put together.
Income Earned by Home Business owners
- between $63,000 to over $1 million
- Money magazine, in a 1996 survey, found that
20 percent of home-based businesses had a yearly
gross income of $100,000 to $500,000. Pittsburgh
Business Times
- 89% with household incomes
greater than $80,000 have a home office
compared to 14% of those with incomes below $25,000 (Find/SVP).
- A recent IDC survey indicates that the average
income for income-generating home office households is $63,000
a year.
- November 2000 report from the SBA's
Office of Advocacy shows that in 2000
nearly 20,000 entrepreneurs grossed more
than $1 million operating from a home-based environment.
Number of Women Owned Home Based
Businesses
- By 1992, women were running
10 million home-based businesses. (U.S.
Census Bureau).
- Today women run 70% of home-based business:
nearly 17 million. (National Center for
Policy Analysis)
- According the the National Foundation of Women Business
Owners (NFWBO) there are 2.1 million women business
owners with children (1994)
Number of College Graduates with
Home Businesses
- 48% of home workers with an income generating
home office are college graduates (IDC/LINK)
- 51% of home office users are college
graduates with incomes more than $40,000
(IDC/LINK).
Demographic Makeup of Home Based
Business Owners
- 48% of home workers with an income generating
home office are college graduates (IDC/LINK)
- 22% of home workers are in white-collar
positions (IDC/Link).
Percent of Total Workforce that is
Home Based Business Owners
- According to recent research released by IDC,
http://biz.yahoo.com/prnews/020319/netu035_1.html
Home offices are projected to grow to 34.3 percent of
the workforce by the end of 2002, a
growth of .6 percent since 1999.
- The number of U.S. households that have a home-based
business currently exceeds 12 percent."
- Office of Advocacy, Small Business Administration
Number of Jobs Started Daily by Home
Based Businesses - 8500 jobs daily
- According to IDC, home-based businesses create
an estimated 8,500 new jobs daily.
Number of Telecommuters - 19.6 -
29 million
- Roughly 19.6 million workers telecommuted in
1999. (The International Telework Association and Council)
- There will be almost 29 million U.S. teleworkers
by the end of 2003. (The Electronic Commerce and Telework
Trends)
Number of Small Businesses that are
Home Based - 53%
Misc Home Based Statistics with Unknown
Source
- Every 11 seconds someone starts a home-based business.
- Over the next five years, in the United States alone, the number
of people who work out of their homes will increase from a current
30 million to an estimated 90 million by the year 2000! In other
words, the number of home based businesses will triple; one out
of three Americans will be working out of their home.
- 95% survival rate
- 85% success rate over 3 year term
- 1500 jobs are eliminated daily in U.S.
- Spare time turns into full-time for 50% of home based business
owners.
- Female-owned businesses are being created at about twice the
rate of male-owned business.
- There will be an estimated 10.7 million self-employed women
by 2005, a 77% increase since 1983, compared to a 6% increase
in the number of self-employed men.
- Forty to 44 percent of all home-based businesses require less
than $5,000 for startup
Reasons Why Dual Income Families
Don't Get Ahead Financially
- Taxes – for four months and a week, or 3 hours out of
every 8-hour day, you're working for Uncle Sam - (The average
American family of four with a median income of $47,012 will pay
$10,250 in federal taxes and another $6,110 in state and local
taxes for a total "tax liability" of $16,36
- average childcare costs - $7000 per year
- higher standard of living – make more/spend more - Average
American spends $1.22 for every dollar they earn
- gasoline - $1200 per year
- spend hundreds on dry cleaning, pantyhose, and biz wardrobe
- eating out for lunches $2000
- auto insurance - $500
- auto maintenance (oil, tires)
- parking $1800 - $5 per day
- costs of raising a child – (quarter million $ to raise
child birth-17) ($17,000 for 1st yr)
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