Home-Based Sole Proprietors Generate $102 Billion in Revenue

Since 2001, we've posted 20,585 different business opportunities and ideas, so you're sure to find something here to inspire you!

StepNpull: Open Doors Hands Free

Vote For Your Favorite .biz Domain – Hint! Hint!

Q&A With Christmas Caroloke Creator

Home-Based Sole Proprietors Generate $102 Billion in Revenue

June 7, 2006 by Dane Carlson | 0 Comments

Inc.:

Home-based sole proprietors generate $102 billion in combined annual revenue, and their ranks are expected keep growing, according to a new study by the Small Business Administration’s Office of Advocacy.

While home-based sole proprietors bring in almost $15,700 less on average than their non-home-based counterparts — $22,569 in net income versus $38,243 — they earn a higher return on gross revenues because of lower overhead costs.

The study examined 2002 federal income tax data from sole proprietors who deducted home-office expenses. The study does not include firms that opt not to take the home-office deduction or those that deduct for both a home office and rent. However, if such businesses were included, “the total annual revenue may be over $500 billion,” said Joanne H. Pratt, a small-business consultant and researcher who authored the study.