home business

·        Home-based businesses represent 53 percent of all small businesses and provide 10 percent of the total receipts of the economy.

·        Home-based businesses are a $427-billion-a year-industry.

·        The average income for an income-generating home office household is $63,000 a year.

·        There are between 34.3 million and 36.6 million home office households in the U.S.

·        The average home-based sole proprietor earned $22,569 in net income while their non-home-based counterparts earned $38,243. (Most home-based sole proprietors only operate their businesses part-time.) Due to lower expenses, particularly in rent and labor costs, the average home-based sole proprietor consistently gained a higher return on gross revenues at 36 percent, versus 21 percent for the non-home-based.

·        Over the past decade, small business net job creation fluctuated between 60 and 80 percent.

·        Small firms made up 97 percent of all identified exporters and produced 28.6 percent of the known export value in the fiscal year of 2004.

·        Sixty percent of home-based businesses are in the service industry; 16 percent are in construction; 14 percent are in retail trade.

From NASE (www.NASE.org). Sources: U.S. Census Bureau; Home Base Business Facts; Small Business Administration Frequently Asked Questions; IDC Survey; Small Business Administration’s Office of Advocacy.