Home-Built Businesses Thrive in Bad Economy
Dec 24th, 2008 by jayrss.com
Starting and running a business from home is more mainstream than ever. More than half of all U.S. businesses are now run from kitchen tables, extra bedrooms, basements and garages. Home-based businesses make a $530 billion contribution to the nation’s economy each year.
And for many Americans, starting up at home has become a necessity. What appeared to be simply another economic downturn a year ago, when we compiled the first Home-Based 100, has devolved into a far more dire situation. Their criteria? Inexpensive to start. Immediate results.
Running your own show from home typically requires little more than a skill set and a passion. It has become the stepping-off point for many a newbie entrepreneur.
A recent Wells Fargo study indicated that the average amount of capital required to start a business is approximately $10,000. When you consider that that statistic includes capital-intensive, brick-and-mortar startups, you realize that some home-based businesses can be started on a few hundred dollars.
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