In: entrepreneur28 Oct 2009
There was a great article in Business Week recently about the economic importance of home-based businesses.
Based on a report released by Emergent Research, there were several interesting facts regarding entrepreneurs who work from their primary residence. From the article:
More than half of all U.S. businesses are based at home. These companies often are dismissed as quaint hobbyist ventures, but new research suggests that’s a mistake. An estimated 6.6 million home-based enterprises provide at least half of their owners’ household income. Together these “homepreneurs” employ one in 10 private-sector workers, and by many measures they’re just as competitive as their counterparts in commercial spaces.
The article is worth reading and illustrates not only the legitimacy of home-based businesses, but also their importance to the economy as a whole.
“So you sit in your pajamas all day?”
Anyone who works from home will tell you how common it is for people to assume it is “not a real job” or imply that you must not work very hard. However, not only do these businesses employ their owners, but over half of home-based businesses have additional employees and employ roughly 13.2 million Americans. In a job market like this one, that’s nothing to take lightly.
Hopefully, as more and more workers consider starting their own ventures and grow to hire others, home-based businesses will finally get the respect they deserve.
Source: The Rise of the ‘Homepreneur’
One of the Co-Founders of SideTour, former TechStar (NYC Summer 2011), ex-NBA'er, and past TechCrunch Disrupt Hackathon Winner.