SOHOs Are the Most Numerous Type of Business Show Updated on December 31, 2018 Definition:SOHO is an acronym for Small Office Home Office, a term used to distinguish small businesses from mid-sized and large businesses. Technically, SOHO businesses have zero to ten employees, although many of them are one-person shops. (See SME for more on the subject of business definitions by size.) Many Small Office Home Offices are actually home based businesses, which is where the "home office" in small office home office comes from. (In the U.S., the share of businesses that are home-based has remained relatively constant over the past decade, at about 50% of all firms. More specifically, 60.1% of all firms without paid employees are home-based, as are 23.3% of small employer firms and 0.3% of large employer firms. According to the U.S. Small Business Administration, the small businesses in these industries are more likely to be home based:
But the term SOHO has a broader sweep; it includes everyone who works in a small office, whether as employer or employee. According to fundera, as of 2017 over 3.7 million employees in the U.S. work from home at least half the time, which amounts to 2.8% of the entire U.S. workforce. And the number of of regular telecommuting employees has increased by over 100% since 2005 and continues to gain rapidly in popularity. Whether such small businesses refer to themselves as SOHOs or not, marketers certainly do. The rise of small office home office businesses has brought a corresponding increase of goods and services designed specifically for the small office home office market, such as multifunction printers and home office desks. Small Office Home Office OffshootsSOHO businesses have proliferated with the advent of technologies such as cloud computing and mobile devices that allow home workers to access business information over the internet from wherever they are. An increasing number are virtual businesses, businesses without physical premises. Many professionals, including lawyers, travel agents, accountants, bookkeepers, and financial advisors, now operate SOHO businesses. The increase in consulting businesses over the past several decades has also led to an increase in SOHO businesses. New types of businesses based entirely on the Small Office Home Office model, such as Virtual Assistants, have been created. The numbers of small office home office businesses should increase steadily as increasing numbers of corporate businesses embrace telecommuting; 50% of the US workforce holds a job that is compatible with at least partial telework and approximately 20-25% of the workforce teleworks at some frequency (GlobalWorkplaceAnalytics.com). Coworking is another offshoot of the increasing number of SOHO businesses. It can not only be more inexpensive than having one's own office space but also provide self-employed people more opportunity for networking and sharing ideas that they would get in their individual office space. Why Do People Operate SOHOs?According to statistics, the main reason people want to work from home or in small offices is the lifestyle:
However, running your business as a SOHO can also involve considerable cost savings as well. For more information see: Before You Start a Home-Based Business How to Start a Home-Based Business That Will Succeed 6 Home Based Business Tax Deductions You Don't Want to Miss Apa home office?Home office sendiri merupakan istilah yang berhubungan dengan bisnis atau usaha kecil yang dilakukan di rumah. Home office menjadi populer karena semakin tingginya mobilitas namun waktu dan jarak semakin terbatas untuk melakukan usaha. Dual Purposed Office merupakan salah satu jenis home office.
Apa yang dimaksud dengan SOHO?SOHO merupakan singkatan dari Small Office, Home Office yang jika diterjemahkan secara langsung bisa diartikan sebagai kantor kecil, hunian kecil. SOHO bisa diartikan sebagai apartemen hybrid yang menggabungkan fungsi hunian sekaligus tempat bekerja (kantor).
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