NEW REPORT: Half of U.S. Respondent Businesses Were Home-Based, Majority Self-Financed
More than half (51.6 percent) of all businesses that responded to the 2007 Survey of Business Owners (SBO) were operated primarily from someone’s home in 2007, according to new data from the U.S. Census Bureau released today. Only 6.9 percent of these home-based businesses had $250,000 or more in receipts, while 57.1 percent of home-based businesses brought in less than $25,000. About 23.8 percent of employer respondent businesses and 62.9 percent of nonemployer respondent businesses were home-based.
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