Home Business Statistics for Entreprenuers and Business Start Ups
Here are some surprising facts and home business statistics for entrepreneurs and home based businesses.
Did you know that…
- The number of home businesses is estimated between 36 million to 18 million
- More young people want to be entrepreneurs
- The average success rate of home businesses is estimated to be at 70%
- Annual revenues of the home business industry as a whole is around $427 billion dollars?
- Individual income earned by home business owners - between $63,000 to over $1 million
- The number of jobs started daily by home based businesses is over 8500 jobs daily
Check out these and other home business statistics here.
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Posted on January 6th, 2007 at 12:35 am. About 'Home Business Statistics for Entreprenuers and Business Start Ups'.
That is good to know that the average home business success rate over 3 years is 70%. I was always being told that over 95% of home businesses fail within the first year. I guess it really pays to stick it out and never give up. Many people give up too fast because they don’t see results right away.