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Half of U.S. Respondent Businesses Were Home-Based, Majority Self-Financed, Census Bureau Reports

News release: “More than half (51.6 percent) of all businesses that responded to the 2007 Survey of Business Owners (SBO) were operated primarily from someone’s home in 2007, according to new data from the U.S. Census Bureau released today. Only 6.9 percent of these home-based businesses had $250,000 or more in receipts, while 57.1 percent of home-based businesses brought in less than $25,000. About 23.8 percent of employer respondent businesses and 62.9 percent of nonemployer respondent businesses were home-based…The Census Bureau is releasing two data sets from the 2007 Survey of Business Owners: Characteristics of Businesses: 2007 and Characteristics of Business Owners: 2007. The data sets include national-level statistics on owner’s age, education level, veteran status and primary function in the business; family-owned and home-based business status; types of customers and workers; and sources of financing for start-up, expansion or capital improvements. All findings are for respondent firms only.”

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