... Studies from various locations do give us some information, though. In terms of industry, there appears to be some 2 concentration in business services (Soldressen et al. 1998; Loscocco & Smith-Hunter 2004), and several studies find home-based firms are started with low levels of initial capitalisation (Loscocco & Smith-Hunter 2004; Thompson et al. 2009). Home-based business are also said to have lower growth ambitions than other firms and are likely to have few or no employees (Thompson et al. 2009; Newbery & Bosworth 2010). ...
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