Interesting Home Business Facts

Think you know everything there is to know about the home business world? You might be surprised. The myths of home businesses versus the home business facts can be quite the opposite of each other. If you are interested in learning a few fun and fascinating home business facts, we have got some that may surprise you. 

The Average Home Business Owner

If I were to ask you for a description of the average home business owner, what would you say? Most people think the average home business owner is twenty-five to thirty years old with little to no college education and making anywhere from thirty thousand a year to thirty million a year. Now let’s take a look at what the average home business owner really is. 

According to studies, the average home business owner is definitely not twenty-five to thirty years old. In fact, the average home business owner is actually 43 years old. Quite a difference between the myth age and the real age, isn’t it? As far as the average home business owner having little education, the same studies show that home business owners are actually highly educated on average with many having post-graduate degrees. As far as income goes, the spectrum is quite varied. However, the average home business makes approximately

Facts About Small Business

Everyone agrees on a broad level that small businesses are vital to the American economy. However, most people would be surprised to know just how important. The United States Small Business Administration keeps records and statistics on small business in the United States and some of their findings are surprising.

First, the typical perception of a small business as a mom and pop operation with just a few, if any, employees is not the entire picture. The Small Business Administration defines a small business as an independently business with less than 500 employees. There are an estimated 23 million businesses in the United States that meet that classification. In some smaller towns in the United States, these businesses represent a major source of employment.

In fact, small businesses as defined by the Small Business Administration represent 99.7 percent of all the employers in the country and employ half of all private sector employees. More than 45% of the private sector payroll is generated by small business. Over the last decade small businesses have accounted for 60 to 80% of all new jobs created on an annual basis.

Although a large percentage of small businesses are in the retail and service sectors, small businesses are rapidly making gains in the technology sector. 41% of high tech workers like engineers, scientists and computer programmers are employed by small businesses. Employees at small

Facts About Small Businesses in Ireland During 2008

This report presents a comprehensive picture of the contribution of small enterprises in Ireland. The report contains data on the contribution of small businesses in industry, services and construction, as well as statistics on the labor, the knowledge-based economy and workforce. It also includes international comparisons.

In the report, a small business is defined as an enterprise which employs fewer than 50 people. Statistics on medium (50-249 persons) and large enterprises (250 or more people) are included for comparison.

Highlights of the report are:

Industry: Production and employment dominated by medium and large enterprises

* In 2005, four of the five industrial companies (81%) were small businesses with fewer than 50 employees. This company employs 50,000 people, slightly more than one fifth of total industrial employment. * The larger companies (50 or more persons) employed 181,100 people in 2005 and generated 93% of the total turnover in the industry. * The vast majority of small industrial firms were Irish owned (95%). Nearly 42% of larger companies are foreign-owned.

Services: More than 380,000 employees of small businesses in the service sector

* In the service sector, almost all companies (98%) were small. There were 82,100 small businesses, employing over 380,000 people in the service sector in 2005. That was more than half of total employment in this sector. * Small