Why we own and believe in Home-Based Businesses

 

 

Did you know?

 

• Over the past 10 years Fortune 500 companies have laid off 4.4 million workers! This workforce reduction has caused a record number of people to seek home-based careers.

• Market research shows that 24 million people currently operate either part-time or full-time businesses from their home and home-based entrepreneur numbers are expected to grow at unprecedented levels over the next 10 years.

• Vast technological improvements within the past 5 years in computers, internet, fax and telephone technologies, as well as downsizing within the traditional job market have lead to this explosive trend.

 

What's it take to be happy? Here are some facts most people don’t know about working at home.

 

• 86% of home-based business owners are happier running their own business instead of working for someone else.
• 84% recommend working from home to others.
• 84% plan to still be running their own business in five years.
• 29% work at home with other family members.
• 60% think their businesses are doing as well or better than they expected.
• 76% expect their home-based business’ revenues to grow this year.

 

Can you earn any money with a home based business? 

 

• 20% of home entrepreneurs reported that their businesses grossed between $100,000 and $500,000 last year. (Remember the 80/20 rule?)
• 14% paid themselves annual salaries of $50,000 to $250,000.
• Did you know that less than 20% of Americans are self-employed, but they control over 66% of all the wealth in American?
• Did you know that self-employed people are four times more likely to become millionaires than those who work for others?

 

If you already own a home-based business, you may already know some of these benefits and may be prospering financially as well as living a more abundant life.

 

Those who don’t own a home-based business should consider it for the reasons listed above.