Business Start-up in the Digital Age by Learn2succeed.com Incorporated

Author:Learn2succeed.com Incorporated [Incorporated, Learn2succeed.com]
Language: eng
Format: epub
Tags: Business start-up
Publisher: Productive Publications
Published: 2015-05-30T00:00:00+00:00

Home-Based Businesses are Survivors

According to the US Home-based Business Institute, if you operate a home-based business you are more likely than other business start-ups to survive the initial three-years. This is a critical time, because if you can’t survive for the first three years; you’re not likely to survive much longer. Indeed, the Institute found that 70% of home-based business make it through this period, compared to only 20% for start-ups that were not home-based.

You certainly don’t need a Ph.D. to figure out why the survival rate of home-based businesses is much higher than that for other start-ups. You’ve got to live somewhere, so if you can run your business off your kitchen table, you can save an awful lot of money on rent, your time to commute to work, baby sitting charges, and so on.

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