Profile of Home Business Entrepreneurs

I’ve always known that the home business market is wide, which the latest Survey of Business Owners conducted by the Bureau of Census confirmed. According to their study, almost half or 49 percent of the nation’s businesses are operated from home. Imagine that — almost half!

Other very interesting statistics on home businesses:

• Home-based businesses made up 56 percent of American Indian- and Alaska Native-owned firms, 56 percent of women-owned firms, 53 percent of black-owned firms, 53 percent of Native Hawaiian- and Pacific Islander-owned firms, and 45 percent of Hispanic-owned firms. In contrast, 2-in-3 Asian-owned firms reported they conducted business from nonresidential locations.
• Top industries for home-based businesses were: professional, scientific and technical services, construction, and retail trade and other services (such as personal services, and repair and maintenance).

Check out the other useful statistics on entrepreneurs from the latest Survey of Business Owners