Infographic showing the Rise of Home Based Businesses

1. Home Based Businesses
The Numbers Are Through The Roof!
Presented by SCORE.org
38
Million
Home businesses
in the US today....
...That’s nearly 1 in every 8 homes!
FACT: More than 1/2 of all new businesses
start as home-based businesses
Generating
And lots of new jobs:
75.4%
58.0%
31.6%
In annual revenue
Have paid full-time
employees
Have paid part-time
employees
Use contractors or
outside consultants
Wake-up call: Home based businesses
create 1 new job every 11 seconds!
58.2% Woman-owned
46.5% Minority-owned
55.4% Veteran-owned
50.8%
Have a college
degree
7.9% Service-disabled
It’s opportunity for entrepreneurs of all ages:
<25
2.2%
25-44
31.7%
What do
they do?
Pretty much
everything!
20.8%
Didn’t need
startup capital
45-54
55+
29.6%
51%
15%
4%
5%
3%
13%
7%
2%
36.5%
Service
Construction
Manufacturing
Transport/Communication/Utility
Wholesale Trade
Retail Trade
Finance/Insurance/Real Estate
Other
30.6%
Used less than
1.5%
Needed $1M
$5000
or more
62.9% Work 40+ hours/week
After
3Years
70%
Are Still
Thriving
Vs. less than 30% of other businesses.
20% make
$100-500k/year
50.5%
Say it’s their
primary source
of income
57.1% bring in
under $25k/year
in association with
zipcar.com/business.
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