News Cellar - Biz Models

The Rise of the 'Homepreneur'

New research shows the economic importance of home-based businesses: They account for more than half of all U.S. businesses and employ more people than venture-backed companies

Stephen Labuda, 35, is planning to hire a fifth employee for the Web development firm he runs from his home in Cambridge, Mass. CARBONARO PHOTOGRAPHY

More than half of all U.S. businesses are based at home. These companies often are dismissed as quaint hobbyist ventures, but new research suggests that's a mistake. An estimated 6.6 million home-based enterprises provide at least half of their owners' household income. Together these "homepreneurs" employ one in 10 private-sector workers, and by many measures they're just as competitive as their counterparts in commercial spaces.

News Cellar - Startup / Entrepreneurship

Youth not a barrier for entrepreneur

By JONA ISON • Gazette Staff Writer

Brooke Ashley Boydston doesn't let her young age keep her from pursuing her goals and dreams.  At 24, Boydston has started her own event planning and catering business, The Ashley House, in the Old Canal House on Ohio 104. Since opening in June, she has hosted a wine tasting and, most recently, a Labor Day celebration that attracted many patrons of the Easyriders Rodeo.

"This is a passion of mine. I passed this house all the time and could see so many possibilities," Boydston said.

Boydston, a Chillicothe High School alum, came back to Chillicothe after finishing school at Antonelli College, an institution of visual arts education in Cincinnati, where she studied wedding planning, interior design and event coordinating.

Personal Growth - Money

Lottery winners' good luck can go bad fast

By Oren Dorell, USA TODAYMon Feb 27, 8:05 AM ET

Eight workers at a Nebraska meatpacking plant who won the $365 million Powerball jackpot last week may want to take heed of the downside of such good fortune.

Not that anyone would turn down such a windfall, but other heavenly jackpots did not lead to paradise. Some big winners have filed for bankruptcy within a few years, been attacked by family members and been besieged by requests from people they didn't know.

Steve Granger, 53, of Henderson, N.C., won $900,000 in the West Virginia Lottery in September. He received about $600,000 after taxes and put most of it away for his and his wife's retirement. But he says there have been unpleasant moments.

News Cellar - Startup / Entrepreneurship

Google's Joe Kraus on How to Make the Web More Social

Published: June 11, 2008 in Knowledge@Wharton

Can the Internet be made more social? This is a question with which Joe Kraus, director of product management at Google, constantly has to grapple. He believes every killer app on the web -- instant messaging, e-mail, blogging, photo-sharing -- has succeeded because it helps people connect with one another. For Kraus, this means the Internet has an inherently social character, but it can be enhanced further -- an area he continues to explore through Google initiatives such as Open Social and Friend Connect. Wharton legal studies professor Kevin Werbach spoke with Kraus recently about the increasing socialization of the Internet. Kraus will speak about social computing at the Supernova conference in San Francisco on June 16.

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