Home based Business statistics (3620 hits)

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...
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%

According to the Small Business Administration, today more than half (53%) of the small businesses in the U.S. are home-based. In brute numbers, that’s more than 24 million.

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)

Posted By: Jacqueline King
Friday, March 4th 2011 at 12:44PM
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