[TEG Freelist] [TEG] US Homebased Sole Proprietors Generate $102 Billion In Annual Revenue
- From: Mark Bruemmer <tegmarkb@xxxxxxxxx>
- To: Entrepreneurial Group <theentrepreneurialgroup@xxxxxxxxxxxxxxx>
- Date: Wed, 31 May 2006 10:05:19 -0700 (PDT)
TEG logo designed by Tom Hortel, Co-Founder of VentureForward LLC
Dear Entrepreneur,
You have choices in terms of the environment in which you work. With
reliable high speed internet access becoming ubiquitous you may now practically
work from just about anywhere. However, what are the advantages and
disadvantages in working from home versus in a rented office space?
As recounted in the book, The Google Story, for awhile Larry Page and Sergey
Brin, co-founders of Google Inc., had to rent a house ($1,700 per month) off
the Stanford University campus before eventually migrating to the "Googleplex".
The report below titled "The Impact of Location on Net Income: A Comparison
of Homebased and Non-Homebased Sole Proprietors" compiled from 2002 US Federal
Income Tax data presents a comparison of US homebased and non-homebased sole
proprietorships.
Incubators, Accelerators, Office Space and Meeting Venues
Here are links to the "Incubator and/or Accelerator" index in the TEG
Bookmarks Database and to the "Office Space/Meeting Venues" index in the TEG
Bookmarks Database. Please add your references to related resources you think
TEG members should be aware of.
Thank you for your interest and participation in The Entrepreneurial
Group.
Best Regards,
Mark Bruemmer, CEO
NetMotifs, Inc.
Business Web Services
Moderator of The Entrepreneurial Group
Office of Advocacy Press Release <advocacy@xxxxxxx> wrote:
Date: Wed, 31 May 2006 08:06:09 -0400
From: Office of Advocacy Press Release <advocacy@xxxxxxx>
Subject: Homebased Sole Proprietors Generate $102 Billion In Annual Revenue
To: ADVOCACYPRESS@xxxxxxxxxxxxxxxxx
For Release: May 31, 2006
Contact: John McDowell (202) 205-6941
SBA Number: 06-14 ADVO
john.mcdowell@xxxxxxx
Homebased Sole Proprietors Generate $102 Billion In Annual Revenue
New Study Details Homebased Business Revenue, Income By Industry
WASHINGTON, D.C. ? America?s homebased sole proprietors generate $102
billion in annual revenue, according to a study released today by the
Office of Advocacy of the U.S. Small Business Administration. The study
details revenues, expenses, and income for both homebased and non-homebased
sole proprietors by industrial sector.
?Sole proprietorships are a vital part of our economy,? said Thomas M.
Sullivan, Chief Counsel for Advocacy. ?Many are homebased micro
businesses; collectively they generate a significant amount of economic
activity. For the average sole proprietor, their business provides
benefits of entrepreneurship that go beyond just income and revenue.?
Written by Joanne H. Pratt with funding from the Office of Advocacy, The
Impact of Location on Net Income: A Comparison of Homebased and Non-
Homebased Sole Proprietors (http://www.sba.gov/advo/research/rs275tot.pdf)
examines federal income tax data from year 2002 sole proprietorship returns
(Schedule C).
The report presents a comparison of homebased and non-homebased sole
proprietorships. For example, it finds that the average homebased sole
proprietor earned $22,569 in net income while their non-homebased
counterparts earned $38,243. Due to lower expenses, particularly in rent
and labor costs, the average homebased sole proprietor consistently gained
a higher return on gross revenues at 36 percent, versus 21 percent for the
non-homebased.
The report also finds that the percent of homebased sole proprietorships
was greatest in the Administrative, Support, and Waste Management;
Information; and Construction sectors. For the non-homebased, the
percentage was greatest in the Accommodation and Food Services; All Other
Services; and Finance and Insurance sectors.
The Office of Advocacy, the ?small business watchdog? of the government,
examines the role and status of small business in the economy and
independently represents the views of small business to federal agencies,
Congress, and the President. It is the source for small business
statistics presented in user-friendly formats and it funds research into
small business issues.
For more information and a complete copy of the report, visit the Office of
Advocacy website at http://www.sba.gov/advo.
###
The Office of Advocacy of the U.S. Small Business Administration (SBA) is
an independent voice for small business within the federal government. The
presidentially appointed Chief Counsel for Advocacy advances the views,
concerns, and interests of small business before Congress, the White House,
federal agencies, federal courts, and state policy makers. For more
information, visit www.sba.gov/advo, or call (202) 205-6533.
** To sign up for Advocacy updates via RSS feed, visit
http://www.sba.gov/advo/rsslibrary.html **
** In order to receive e-mail notices of Advocacy's press releases, monthly
newsletter, small business research, statistics, and regulatory news visit
http://web.sba.gov/list. **
Contact NetMotifs, a business consultancy, Solution Provider for Dell and an
integrator of NetSuite, offering a single, integrated web-based system to run
your entire business.
http://groups.yahoo.com/group/NetMotifs/links
Join The Entrepreneurial Group, a volunteer organization whose mission is to
mitigate the risks in a business venture by connecting entrepreneurs to
resources.
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