With flexible work hours, no commute and a high level of autonomy, operating a home-based business certainly has its advantages over traditional employment. With many of the obstacles to starting such a venture now diminishing, recent research indicates that more and more individuals are in fact striking out on their own.
“With phones, PDAs and the Internet, people can run businesses anywhere,” said researcher Joanne Pratt, whose study was published by the Small Business Administration.
While home-based businesses do not earn as much total revenue as those that rent office space, they do keep more of what they earn. Pratt’s report indicates that home-based firms take home 36 percent of gross receipts versus 21 percent for their counterparts.
With fewer expenses, many individuals can afford to earn less total income by staying at home. In fact, the majority of Wisconsin businesses are home-based, according to the most recent government data.
Photo by Fabio -Â°o.O.