Roughly half of all businesses in the U.S. are home-based businesses. Even though home-based businesses operate from, well, homes, it?s not that these businesses don?t need capital. In fact, some of these businesses can be capital-guzzlers.
According to the infographic, the median start-up capital is around US$25,000. But close to 40% of home-based businesses require less than US$ 5000 in start-up capital.
So, where do home-based businesses go for start-up financing? When should small businesses use business credit cards? And what are the common start-up expenses? You?ll find answers to these questions and more in today?s infographic by Credit Donkey.
Don?t forget to share your thoughts on the infographic with us!
Infographic courtesy of Credit Donkey.
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