Roughly 44% of home-based business owners only needed $5,000 or less to get started. While home-based businesses might not be the most lucrative overall, it also takes far less money to start this type of endeavor than a business with a physical location might. But first, let’s define what a home-based business is. If any of that sounds appealing, or you’ve been considering starting a business out of your home, you should know these home-based business statistics. Their commutes are mostly non-existent unless they travel to see clients, many of them don’t have employees, and they get to be their own bosses, sounds pretty great right? If you could eliminate your commute completely and be able to work from the comforts of your own home instead, would you? Millions of Americans run part-time or full-time businesses from their homes each year and account for a significant portion of small businesses across the United States. It takes 44% of home-based business owners $5,000 or less to start their businesses.Census data from the Survey of Business Owners showed that 57.1% of home-based businesses brought in less than $25,000 in revenue.In the 2014 tax year, $9.5 billion was claimed in home office expenses.Women are more likely to have home-based businesses than men.

The information and construction industries are far more likely to be home-based businesses than other industries.Sixty-nine percent of startups are home-based businesses.About 60% of home-based businesses are “nonemployer” businesses.There are roughly 15 million home-based businesses in the U.S.

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