A report funded by North Carolina State University states that technology is driving the current growth of home businesses. The report goes on to say that, continuing improvements in information and telecommunications technologies (and the changes in the purchasing habits of consumers that have accompanied them) work to the benefit of rural business owners by effectively reducing the cost of distance. On the other hand, the factors reducing the cost of distance are also intensifying the competitive forces operating within the global marketplace.

Small business and home based businesses now represent 99 percent of employers, employ half of the private sector workforce, and generate between two-thirds and three quarters of all net new jobs according to the Small Business Administration. The United States is in the middle of a home based business explosion.

Home based business or people that work in a home based business environment have been up ticking since 1991, but most experts indicate the latest explosion started late in 2003 when banks began relaxing lending standards for the first time since 1998 and the demand for small business loans hatled its decline.

A year later we're seeing the results of more investment capital having been invested in millions of home based businesses around the country.

New technology is allowing small and home based businesses to compete with large corporations in ways they never could have afforded in the past.

New Technology and relaxed lending standards have allowed more people to start a home based business than ever before. The real question is will they succeed? Most experts agree that consumers not technology will decide their ultimate fate.

Ed Hutchison is CEO and President of the North American Boxing Council (NABC.net). He works with pro athletes, trainers & managers at all levels. He writes daily on his personal website http://www.winrz.com - Winrz.com Home Page for Winners about self help, leadership and success.

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