If you’re a home-based business, you’re not alone. Home-based businesses account for over half of all US businesses. And more importantly, these home-based businesses as a sector employ more people than the venture-backed industry, including firms like Microsoft, Intel and Google.
For all you globetrotters, take note: Homepreneurs’ influence doesn’t stop at the US border. Digging through additional data from the SBSI survey, we found that US home-based businesses increasingly see global as the way of the future. In fact, 35% of all homepreneurs (entrepreneurs whose home-based businesses contribute at least half of their total household income) see their industry becoming more global. Outsourcing production and reaching new markets are two reasons that small businesses – both home-based and non-home based – give for broadening their scope to the international marketplace.
Posted by: Carolyn Ockels