Home-based businesses in the rural United States economy: differences in gender and financing
Titel:
Home-based businesses in the rural United States economy: differences in gender and financing
Auteur:
Carter, Richard B. Van Auken, Howard E. Harms, Mary B.
Verschenen in:
Entrepreneurship & regional development
Paginering:
Jaargang 4 (1992) nr. 3 pagina's 245-257
Jaar:
1992-07
Inhoud:
This paper reports the findings of a survey of 172 home-based businesses located in the rural midwestern USA. The results indicate that, unlike US businesses in general, rural home-based businesses are primarily owned by females and are primarily sole proprietorships. The pre-dominant industry is the production of crafts. Personal savings account for more of the initial financing than small businesses in general and most of the businesses surveyed began to earn profits within their first three years of operation. In an examination of the relationship between personal start-up capital and profits, we found that, like other small firms, home-based businesses financed from the owner&s personal funds outperform those that primarily sought outside financing. Finally, we show that the home-based businesses owned by females are larger than those owned by males. However, for most of the characteristics examined, there were few significant differences between the firms owned by females and those owned by males.