Work at Home Statistics: Does it really make sense to work at home?

Work at home entrepreneurs number in the millions and it is reported that every 11 seconds someone starts a home based business that allows them to work at home. Also 20% of work at home businesses gross between 100k and 500k per year. -Money Magazine

A few years ago I was completely oblivious to these work at home facts and struggled in a brick and mortar business in the commercial construction industry, and also dabbled in real estate and another service industry none of which were home based.

Finally I came To realize multi milion dollar revenues, but the money just never stuck. time and time again I would sit at home and say to myself, " This is the project" . The one that would leave 30k or whatever in the bank when it completed. Time and time again I would watch it disappear.

Making the transition to work from home brought back the thing that I had always equated with success, Money. Not that I didn't enjoy being on the biggest projects in our state, I always enjoyed the challenges, but for what.

I work from my home office today. My main work at home business has simple systems in place and I work with a team of people who went before me and have an incentive to me reaching my goals. Try finding that in any other industry. I don't have 30 plus employees, I don't pay out over 70k a year in insurance, or 300k to 400k in payroll expenses. I sleep more comfortably and have hope, as I'm involved in a business model that is relevent to our time and pays the entrepreneur what they are worth.

I enjoy speaking to an audience that is new to the idea of creating a life by design. Your design. I could site book after book describing the advantages of a work at home business simply because they are superior.

Work at home households that currently have a home based business exceed 12 percent. ( Office of advocacy, Small Business Administration.) Folks thats 18.3 Million in the U.S. alone and thats a 2000 Statistic. It Was projected that more that 34% of households would have a work at home business by 2002.

Work at home business annual revenue as a whole for work at home ventures is 427 Billion, thats more tha
General Motors, Ford, and Chrysler put together- Entreprenuer Magazine

Also, Get this 70% of work at home business ventures last over a three year period compared to 29% of the other business start ups, according to The Home Based Business Institute.

Here are some more statistics that really shed some light on the reality of, your current situation, perhaps.

Every 11 seconds someone starts a home-based business.

Over the next five years, in the United States alone, the number of people who work out of their homes will increase from a current 30 million to an estimated 90 million by the year 2000! In other words, the number of home based businesses will triple; one out of three Americans will be working out of their home.

95% survival rate 85% success rate over 3 year term 1500 jobs are eliminated daily in U.S.

Spare time turns into full-time for 50% of home based business owners.

Female-owned businesses are being created at about twice the rate of male-owned business.

There will be an estimated 10.7 million self-employed women by 2005, a 77% increase since 1983, compared to a 6% increase in the number of self-employed men.

Forty to 44 percent of all home-based businesses require less than $5,000 for startup

Is That Second Income really income at all?

Taxes – for four months and a week, or 3 hours out of every 8-hour day, you're working for Uncle Sam - (The average American family of four with a median income of $47,012 will pay $10,250 in federal taxes and another $6,110 in state and local taxes for a total "tax liability" of $16,36

average childcare costs - $7000 per year higher standard of living – make more/spend more -

Average American spends $1.22 for every dollar they earn gasoline -

$1200 per year spend hundreds on dry cleaning, pantyhose, and biz wardrobe eating out for lunches

$2000 auto insurance - $500 auto maintenance (oil, tires) parking $1800 -

$5 per day costs of raising a child – (quarter million $ to raise child birth-17) ($17,000 for 1st yr)
Something to think about. Makes more sense why so many people are choosing to work from home today.