Determining the |Best Home Business Ideas|In Today’s Economy

|Best home business ideas| can be discovered on the internet. A Google search will yield countless ideas to choose from. Do your research well to find the best fit for you and your marketing skill level. Working with a team and mentors will help to maximize your efforts as you develop your |best home business ideas|.

The economic contributions that a |home based business| makes to the North American economy has, until recently been underestimated. This is because basic information on the |home business| sector has not been collected. But data collected in 1992 changed this view forever as it showed how important the home business industry was to the US economy.

For instance, basic information on the best home business ideas, such as the major types of business activities conducted in the home; the amount of funds typically needed for a business startup; the ability of |home business|es firms to survive, grow, and find capital; and the net profits of these firms — has been entirely lacking or based on small samples or anecdotal evidence.

In 1992 the US Small business Administration and the US department of Commerce carried out their first Census of the |home business| sector. They conducted a sampling of 125,000 home-based businesses and found the following:

More and more people are deciding to use their home to earn a primary income in a business opportunity.

The |home business| sphere represents 52 percent of all firms and provides 10% of the total receipts of the economy.

55,000 of |home business| had sales of over $1,000,000

The average receipts of all of the |home business| sector was $40,000

About 19 % of the home businesses had employees

44% of all of the business in the home business sector required less than $5000 startup costs.

One third of all home business sector used personal finances to start and 46 percent used personal savings.

|home business| owners worked an average of 26-35 hours a week

Over half the |home based business| sector last for more than 5 years.

Although that data was collected over 15 years ago it is an important milestone to remind us how valuable a resource this sector was and continues to be to the US economy. The data will provide a bench mark to show how much we have grown since 1992. Do you know how to find the |Best Home Based Business Opportunity|? Check out the information below and see if you qualify for our team. We are only looking for motivated and serious individuals that are not afraid of that 4 letter word called work. Consistent effort is the only way to turn the best home business ideas into a real business.

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Tom Murray

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