Millions of Workers Projected to Capitalize on These Trends Each Year

The home-based business sector will continue to expand despite the growing recession that shows no signs of abating. Many laid off workers will start working part-time, and join the ranks of the largest home-based business sector — part time owners. The following are trends behind this strength:

• Powerful home office technology enables home-based business owners to be as productive as their office-based counterparts.
• Increased Internet access and improved communications devices make working from home a viable option for anyone.
• Home office networking enables entrepreneurs in separate locations to collaborate on large business endeavors.
• More companies are setting up telecommuting programs for their employees as effective methods to cut overhead expenses in a tough economy.
• A growing disillusionment with Corporate America has resulted in a stronger emphasis on entrepreneurism and achieving a higher quality of life, particularly among Generations X and Y.
• Unstable economic conditions encourage more people to start part-time home businesses to improve financial security.
• Corporate downsizing is opening up more contracting opportunities for home business owners. HBM
  

Previously published in the August 2009 issue of HOME BUSINESS® Magazine, an international publication for the growing and dynamic home-based market. Available on newsstands, in bookstores and chain stores, and via subscriptions ($15.00 for 1 year, six issues). Visit www.homebusinessmag.com