Home-based businesses are becoming so prevalent in the marketplace they have developed their own buzzwords. Although the growing trend toward working from home provides amazing statistics, misconceptions about home-based businesses still abound. Too often, home businesses are thought of as amateurs and are not taken seriously. This makes it difficult for them to establish credibility. In reality, home-based entrepreneurs are experienced professionals.
Home businesses remain virtually an untapped resource.
This has a dramatic impact on the local economy. Local businesses can expect to see home-based business owners purchasing office supplies, furniture, equipment, insurance, Internet service and advertising space. A national average shows approximately thirty percent of new requests for residential phone lines are for business reasons. Banking, legal and accounting services are also vital to home business owners. In addition, these dynamic business owners complete tasks on a daily basis that rival even the largest corporations.