A home business (or “home-based business” or “HBB”) is a small business that operates from the business owner’s home office.
In addition to location, home businesses are usually defined by:
- Having a very small number of employees, usually all immediate family of the business owner, in which case it is also a family business.
- Lacking a shop frontage, customer parking and street advertising signs.
In the UK, a study sponsored by communications company BT at the end of 2007 estimated that over 60% of all new businesses are started from home. (Home Business Report, Enterprise Nation for BT, October 2007) In August 2008, a Daily Telegraph survey, sponsored by communications company O2, of 500 small UK firms reported that 10% had chosen not to renew leases this year intending to work from home instead.
Examples of home based business
Some examples of companies started as home-based business are: Microsoft, Disney, Apple, Xerox[citation needed]. Some home based business utilize the internet. Examples of these include internet site building, search engine optimization and tailor made travel services.
A lot of home based business options centre around Network Marketing / Multi-Level Marketing / Direct Selling. This allows the business owner to tap into a system that is already developed, it’s turn key; whereas it’s not necessary to create their own systems to generate an income, the system is already created; you just need to work it.
