Over two thirds of home businesses are started by first-time entrepreneurs » SMEInsider

Over two thirds of home businesses are started by first-time entrepreneurs

Nearly 70 per cent of home businesses are started by entrepreneurs who are running an SME for the first time, according to research commissioned by Direct Line for Business.

Collectively, these home businesses contribute over £300 billion to the UK economy. Research from the Government suggests that home-based business owners  want to develop their skills in areas such as marketing, accounting and business plan development.

The 2014 Home Business survey also revealed that SME owners working from home would like to receive mentorship, more access to local networks and receive advice that could help them grow.

To support these home businesses, Direct Line has started Direct Line Home Business Insurance Knowledge Centre, which will provide tips and information about running a business from home.

There are a growing number of businesses operating from home. With so many businesses being started by first timers, there’s a great need to ensure these business owners who contribute so much to the economy and society, get access to good quality advice,” said Jane Guaschi, Business Manager, at Direct Line for Business.