Everyone knows the success rate for small business is not great – less than 10% in fact, so the fact that we see more and more small business success stories coming out of home-based business isn’t really a surprise.
With a home based business, your costs are much lower which gives you more time to build your business, more room to make mistakes and improve, more leeway to put money into developing your products leading to a higher success rate.
Now, with internet marketing, there are businesses open to home-based entrepreneurs, or minipreneurs that were not an option before – such as product design and invention businesses that can be completely outsourced.
In this story “Entrepreneurs increasingly turn to home-based businesses”, you can see the profile of an archery lover who created his own successful home business, it’s an interesting story.
Jeff
