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Women and minorities leading trend of creating home-based businesses

Women in home-based businessesWomen and minorities are leading the trend of creating home-based businesses at a time when, up until now, white males dominated the frontiers of business.

  • Women own approximately 66 percent of home-based businesses.
  • Seventy-three percent of women-owned businesses are run out of the home.
  • Between 68 percent and 70 percent of women's home-based businesses will survive over a three-year period.
  • Home-based women business owners are technologically savvy. In fact, home-based women-owned businesses are just as technologically savvy as other busineeses with over half (56 percent) having at least one computer and nearly four in 10 (39 percent) owning more than one. Two-thirds (66 percent) have a computer fax/modem, 55 percent use a cell phone.
  • Home-based women-owned businesses in the US number 3.5 million and provide full or part-time employment for an estimated 14 million people. In today's economy, home-based businesses are a growth industry to watch.

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