Small Business Fact Of The Day
Random Samplings, the blog of the U.S. Census Bureau, notes that half of all American businesses are home-based enterprises.
When we think of a business, we often conjure up an image of an office park or perhaps a storefront in a strip mall. But in reality, according to new data on firms that responded to the 2007 Survey of Business Owners (SBO), slightly more than half of U.S. businesses — 51.6 percent — were home-based. Only 6.9 percent of these home-based respondent businesses had $250,000 or more in sales and receipts, while 57.1 percent brought in less than $25,000.