Surviving the economic pressures of today has been difficult for most businesses, especially the smallest. But despite the economic downturn, Home-Based Business (HBB) appears to be a high growth sector for employment in the U.S. market. Moreover, American HBBs are showing strong signs of sustained growth plans into the foreseeable future. According to the latest market study by AMI-Partners , there was an 11 percent increase in those who started their home-based business due to corporate downsizing last year. When some employees are downsized from their employment at larger companies, they are motivated to create their own future employment path -- by starting their own company, based out of their home office. "What's interesting is that 80 percent of those who became HBBs because of downsizing from a larger company do not plan to return to the corporate workforce," says Jessica Efta, manager of market development at AMI-Partners. Committed to Ongoing Self-Employ...
Digital Business Transformation Journal