Press Release: London, 25 June 2009 • PeoplePerHour.com predicts exponential growth in number of home businesses in next three years as government unveils plans for Digital Britain.
PeoplePerHour.com • the website that matches businesses with remote freelancers • has seen its numbers swell by more than 500% in a year to nearly 40,000 members, largely as a result of the growing trend for Britons to establish home-based businesses.
Thousands of the UK’s home-based startup companies are using PeoplePerHour.com to outsource small jobs to remote freelancers cheaply and efficiently, network with other small businesses and, in some cases, bid for work posted on the website.
The website’s founder believes this trend will continue to grow rapidly in the next three years, especially in light of Lord Carter’s Digital Britain report (published last week), which outlines a three year plan to boost the UK’s digital participation and deliver universal access to broadband by 2012.
Britons joining the home business revolution have a wide range of motivations. Some people, for example, have chosen to setup their own enterprise after redundancy. For others, home businesses are a good way to supplement a primary source of income. Some Britons are simply escaping the rat race in search of a better work-life balance.
One of the biggest growth areas is amongst enterprising stay-at-home mothers, who choose entrepreneurial activities instead of returning to work after maternity leave.
PeoplePerHour.com founder Xenios Thrasyvoulou believes the availability and speed of broadband internet is a fundamental driver behind the UK’s home working revolution.
“Broadband connectivity has made establishing businesses from home easier than ever before,” he argues. “The Digital Britain plan will open-up the possibility of building home-based small businesses to everyone in the UK, however remote. Universal broadband will create a level playing-field for every aspiring British entrepreneur • whatever their circumstance.
“The Digital Britain plan isn’t just an investment in cables and technology,” continues Thrasyvoulou. “At its core, it’s an investment in a rapidly emerging section of the UK economy driven by small, home-based businesses that harness the internet’s unparalleled reach and unrivalled number of opportunities.”
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PeoplePerHour.com Background Information
PeoplePerHour.com was founded in 2007 by two Cambridge University graduates: Xenios Thrasyvoulou and Simos Kitiris.
The company is funded by its founders and a group of prominent angel investors who are active in the internet space.
Typical PeoplePerHour.com buyers run a small businesses (usually less than 20 people) including boutique financial firms, internet companies, property and PR agencies amongst many others.
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