SOHO is an acronym that stands for “small office/home office.” The term is nearly 30 years old now, and as reported by WorkingSolo.com, it originated with analysts in the technology industry. It’s definitely NOT that area of lower Manhattan (SOuth of HOuston Street) or the neighborhood in London!
SOHO encompasses a range of entrepreneurial activities and business structures — from individuals working solo to companies with 20 or fewer employees. This includes a myriad of worker categories and terms: home-based businesses, free agents, independent contractors, telecommuters, e-lancers, and other independent professionals.
Working Independently, But Not Working Alone!
Businesses without employees (or only one employee) account for 70% of all US businesses and generate annual receipts exceeding $887 billion. That’s really remarkable! So there are lots of us — working across the country — in small cities, big cities, and rurally. In my own company, I frequently network with other SOHO businesses to provide support services, professional services, or just some good advice.
A Few SOHO References
- Portrait of Small Business USA
- US Small Business Administration
- The Small Business Economy: A Report to the President (January 2009)
