The Council of Smaller Businesses (COSE) is the small business division of the Greater Cleveland Partnership, which is one of the nation's largest metropolitan chambers of commerce.
COSE recently conducted a membership survey focused on better understanding home based businesses. The results show that many home based businesses are stable, profitable and full-time small businesses.
The results of the survey are not surprising to those of with home based businesses. Here are a couple of interesting data points from their results:
- 70% of the respondents had been working for home for over 5 years
- 41% said they started their business because they stopped enjoying working for someone else
- Only 21% said they started their business because they lost their job.
- Only 12% said being a home business hurt their ability to attract customers