9 Home-Based Business Statistics You Need to Know (2021)

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businesses are home-based businesses.
There are roughly 15 million home-based businesses in the U.
About 60% of home-based businesses are “nonemployer” businesses.
Sixty-nine percent of startups are home-based businesses.
The information and construction industries are far more likely to be home-based businesses than other industries.

9 Home-Based Business Statistics You Need to Know (2021)

Fifty percent of U.S. businesses are home-based businesses. There are roughly 15 million home-based businesses in the U.S. About 60% of home-based businesses are “nonemployer” businesses. Sixty-nine percent of startups are home-based businesses. The information and construction industries are far more likely to be home-based businesses than other industries. Women are more likely to have home-based businesses than men. In the 2014 tax year, $9.5 billion was claimed in home office expenses. Census data from the Survey of Business Owners showed that 57.1% of home-based businesses brought in less than $25,000 in revenue. It takes 44% of home-based business owners $5,000 or less to start their businesses. If you could eliminate your commute completely and be able to work from the comforts of your own home instead, would you? Millions of Americans run part-time or full-time businesses from their homes each year and account for a significant portion of small businesses across the United States. Their commutes are mostly non-existent unless they travel to see clients, many of them don’t have employees, and they get to be their own bosses, sounds pretty great right? If any of that sounds appealing, or you’ve been considering starting a business out of your home, you should know these home-based business statistics. But first, let’s define what a home-based business is.
The Original Article can be found on www.fundera.com
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