Differences Between Women-Owned Home-Based & Office-Based Businesses: An Exploratory Study
In this paper, the differences between women-owned home-based and office-based businesses are explored through an empirical study of 150 attendees of small business workshops and conferences. Home-based and office-based business locations are compared based on an analysis of the following variables: prior industry and managerial experience, business plan development, length of time spent planning the business, adequacy of starting capital, income level, self-reported success rating , and financial and personal satisfaction levels. Frequency data were assembled and characteristics identified. Cross-tabulations and Chi Square analysis of expected and actual related factors was performed with significant factors identified. Results of this exploratory study suggest that women entrepreneurs with home based businesses have less employees, work fewer hours, are more likely to hold second jobs, are not involved in international business activity, and are most often located in suburban and rural geographical areas. Although there were no significant differences in the business planning activities between home-based and office-based women entrepreneurs, the study results indicate that home-based businesses generate less income, are not perceived to be as successful, and are not as financially satisfying to the entrepreneur as are office-based businesses.
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