Small Business Means Big Bucks

by Phillip Collinsworth
 
The era of the small business owner has arrived.
 
According to statistics published by the Small Business Administration and the U.S. Census, home-based businesses generate over $400 billion in sales per year, and provide self-employment for millions of Americans. In the past, home based businesses were scorned as envelope stuffers and seamstresses, but with the rise of the Internet, home-based businesses have become big business, providing entrepreneurs an average income of $63,000 per year, with start up costs frequently below $5,000. As you can see, home-based businesses are viable, important to our national economy, and potentially profitable.
 
The Success Factory International recently claimed America is in an age of workplace transformation, with jobs moving out of the office and factory and into the home. You can become a part of this workplace transformation and join millions of others making a living from home. In my opinion, a person with energy, a drive to succeed, and the ability to think outside the box (read “Teach Yourself How To Think, by Edward De Bono), can succeed in a home-based business.
 
Business innovation and startups are often the victims or the beneficiaries of market trends and your ability to access specific market niches. So where and how can you find a niche market to serve? According to the Bureau of Labor Statistics (BLS), the following service and industry areas will see the fastest growth among all industries over the next 7 years:

• Home health care services
• Software publishers
• Residential care facilities
• Employment services
• Office administrative services
• Computer systems design and related services

While the BLS focuses on employment statistics, these identified growth areas will also spell opportunity for entrepreneurs. The word “services” is key here, as companies continue to outsource services to individuals willing and able to do the work.
 
The BLS also forecasts proprietor’s income to increase by approximately 50% over the next 7 years. With a little business acumen, combined with perseverance, a sense of direction, and willingness to work, you can claim a piece of this incredible growth and join the upper 10 percentile of asset holders in America.
 
Phillip Colinsworth is the author of several books available on amazon. He hosts a website offering free information on wealth building, and finding income opportunities through Internet marketing.
 
About the author:
SPhillip Colinsworth is the author of several books available on amazon. He hosts a website offering free information on wealth building, and finding income opportunities through Internet marketing.
 
Visit: http://www.wealthsearch.org