Recent Statistics about Home-Based Businesses (HBB)

• According to IDC (International Data Corp) Nationwide, the number of HBBs   may range from 18 milliion to 36.6 million
• In 2002 the U.S. Bureau of Labor & Statistics estimated there were more than 18.3m HBBs in the United States
• In 2002 Newsweek Magazine reported that by the year 2005, it's anticipated that 50% of the households in the U.S. will be involved in a HBB
• About 70% of HBBs will last over a 3 year period, compared to 29% of other business ventures, according to the Home-Based Institute
• Entrepreneur Magazine estimates that $427 billion is generated each year by HBBs. (That's bigger than GM, Ford and Chrysler combined!)
• Income earned by HBB owners is between $63,000 to over $1 million
• 70% of HBBs are owned by women
• 48% of HBB owners are college graduates
• According to IDC, HBB owners create 8500 jobs daily
• 53% of all small businesses are home-based
• 23.5% of HBB owners start a seccond business within one year of starting the first one
• Medium and large-sized businesses tend to do business with medium to large- sized businesses

Reasons why dual brick & mortar income families don't get ahead:

1.  Taxes

2.  Childcare Costs

3.  Gasoline

4.  Vehicle Maintenance and Car Payments

5.  Clothing and Dry Cleaning Costs

6.  Auto Insurance

7.  Parking

8.  Eating Our for Lunches

9.  Higher Standard of Living

The above information was obtained from the following sources:

   Home Business Magazine, Entrepreneur Magazine, Home-Biz Fact Sheet,

   the Home-Based Business Council