Homebased Business: The Hidden Economy. A Report from 125,000 Women, Men, Black,211 Hispanic and other Minority Entrepreneurs

摘要

People become self-employed because they want to be their own boss as well as211u001eearn income. Those wanting primary income are more likely to choose a non-211u001eresidential location, work long hours throughout the year and hire employees. In 211u001ecomparison, more homebased business owners want a second income, fewer have 211u001eemployees and they tend to work fewer hours and weeks of the year. As of 1992, 211u001ethe total contributon of small businesses to the economy is 2.9 trillion dollars 211u001ewith homebased firms contributing 314 billion, or 11 percent. The CBO sample 211u001erepresents the 125,000 self-employed owners of the 17.3 million businesses that 211u001efiled Schedule C, partnership or S corporation tax returns in 1992. In 1992, nine 211u001emillion, over one-half of the firms, were homebased. A homebased business (HBB) 211u001eis defined as a business that is conducted in or out of the home with no other 211u001eheadquarters location. There is no way to know precisely the number of HBBs in 211u001e1999 because government statistics always lag. But estimated on the basis of the 211u001e24.8 million 1998 nonfarm business tax forms, the number of HBBs has grown from 9 211u001emillion to 10-12 million, an increase of between 11 and 33 percent, from 1992 to 211u001e1999.