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Anybody Home? You Bet


Enterprise -- In Box

ANYBODY HOME? YOU BET

Home is where the business is for nearly half (49%) of entrepreneurs with annual sales of $50,000 to $500,000, according to a survey of 930 companies by PSI Global. Additional findings show there's less difference between home-based firms and companies with regular offices than is commonly assumed. They differ most in the owner's attitude toward growth.EDITED BY EDITH UPDIKEReturn to top

TABLE

In Many Ways Home-Based Businesses Are Much Like Others...But There Are a Few Differences

IN MANY WAYS HOME-BASED BUSINESSES ARE MUCH LIKE OTHERS...

HOME-BASED NOT HOME-BASED

YEARS IN BUSINESS 13.9 14.5

CHECKING ACCT. BALANCE $14,700 $15,200

BUSINESS CREDIT $62,500 $62,600

HOUSEHOLD INCOME $108,400 $113,200

... BUT THERE ARE A FEW DIFFERENCES

HOME- NOT HOME-

BASED BASED

GROWTH IS `EXTREMELY IMPORTANT' 11% 21%

HAVE BUSINESS INVESTMENTS 53 39

LIVING SINGLE 15 9

SOLE PROPRIETORSHIP 72 52

DATA: PSI GLOBAL RESEARCH

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