Home-Based Business Notes | Orange County Contractor Referral Services | Orange County Handyman | Five Star Consumer Referrals, Inc.

Home-Based Business Notes | Orange County Contractor Referral Services | Orange County Handyman | Five Star Consumer Referrals, Inc.

Home-Based Business Notes

Home Based Business Opportunities »
 
Home-Based Business Notes
by Shannon Shimuzu
 
      

In the past, a home based business was viewed as a side business operated primarily as a hobby or as a source of secondary income.  The data contained in htis study show that assertion to be inaccurate.  The researcher's findings demonstrate how the home has become a hub of business activity, entrepreneurship, and business creation.  Sole proprietorships, partnerships, and S corporations added $2.9 trillion to the economy in 1992, with home-based firms contributing $314 billion, or 11 percent.  When regular C corporations are included, the home-based contribution to the U.S. economy is 5 percent of the estimated $6.4 trillion total contribution of all small employer firms with less than 500 employees.  If anecdotal evidence is correct, the home-based business sector is growing in importance, driven by the revolution in information technology.  It also offers opportunities for entrepreneurs and at-home professionals in every demographic and ethnice group.

Running and owning a home-based firm offers new business owners a very inexpensive entry point into the world of business ownership.  This report demonstrates that this activity is much more significant than previously thought.  Clearly, the home became a hotbed of entrepreneurship during the 1990's, combing income, lifestyle choices, and significant profits and revenues.

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