3% of women-owned businesses make $1million or more a year; so why are you in your Mother of a Business?
As featured on the Ruby Connection…
A little while ago, I came across this… according to recent statistics in the Wall Street Journal from the Center for Women’s Business Research in the U.S., there is only 3% of women-owned businesses with a revenue of $1million or more in The Million-Dollar Club… (and I bet that percentage is a whole lot smaller again if being the only breadwinner for the family is also taken into account).
Only 3%, is that all I hear you say?
Given that 7-figures is the turnover my Mother of a Business was doing at time of its Sale, that put me in the category of the 3%…are you kidding? How can it be that with all the businesses started by women, only 3% manage to reach 7-figures?
Why are Businesses being built if not to serve your Lifestyle, as opposed to the other way around?
Couple that with some of the more disturbing statistics from our very own Ruby Connection “Westpac Women’s Financial Health Report, September 2011”:
- Nearly half (49%) of women agreed they felt disadvantaged in terms of the amount of superannuation they were able to save as a result of having to cut back or stop work. This view was even more likely held by Gen Y (63%) and Gen X (63%).
- After having children, 64% of women reported that it had significantly affected their ability to work continuously and impacted substantially on their working career cycle
We’re not in a very good place are we? Well, the majority of us that is.
Business gives you Lifestyle to be the Mother you long to be. No question.
In fact, it’s not just about the mothering, it’s ultimately about Lifestyle and the ability to earn what you must earn, plus a whole lot more.
Come on, join the club too…
If the notion of a 7-figure business scares you right now, you may be thinking that it must mean a whole lot of work that will take you away from your family even more? WRONG! You couldn’t be further from the truth, provided you structure properly and of course, “Start with the End in Mind”.
Just financing the family holiday is not enough of an “End” to justify all the blood, sweat and tears you will invest in your business, not to mention money…
Ladies, we’ve got some serious Business Building and Professional Development work to do…To discuss any of this further and, most importantly, to do something about it, feel free to contact me.
Join my “Mothers Group” – Viv did and look what’s happened…
As Viv has discovered, there’s a lot more to being a successful Mother and building a Mother of a Business than just dreaming about it every day. It’s about behaving in a manner which builds a genuine business. It’s about having the confidence to do whatever you dream of achieving. And most of all it’s about Mothering as you want PLUS earn what you need to earn (and a whole lot more!).
Viv McDonald is going places with
“The Web of Wheels”
So much so, she featured on p21 of the recent Green Guide in The Age newspaper.
Viv came to join my Mothers Group after previous attempts at really firing up The Web on Wheels. It would appear that this time she has done just that! Congratulations.
the entrepreneurial mother® Mothers Group has been developed in response to an overwhelming number of requests asking me to share my knowledge. However the majority wanted more than just help. They wanted to transform their Mother of a Business, they wanted to start achieving. And they wanted real backing to do it. Not simple once off help, not just electronic help but live and timely ongoing structured interactive support.
Is It a Sin For You To Want More?
Organise a Mothers Group of your own and/or Join mine and
You’ll Be Gaining More Than Just Profit
This is my way of truly demonstrating how you can to Learn to Earn and Build a Mother of a Business as an Asset, in your own guilt-free school hours.
I value my fellow entrepreneurial mothers because word of mouth and recommendation is the most effective form of marketing known to the human race, and the most flattering!
Hold your own Mothers Group, and/or Join Mine and
You Could Be On Your Way to Much More
Than You Had First Imagined…
Give me One Lunch, One Evening, and I’ll Get You Started…
Organise 8 or more people in a room, and I will come!
Think Mothers Group with a Twist.
Think Party Plan for your Business!
It’s as simple as that. (Australia only at this stage I’m afraid, although other destinations will be considered)
Whether it’s to be in the school hall, the church hall, the classroom, the lunch room or your lounge room; and I will be there to talk all things Mother of a Business, and Starting with the End in Mind TODAY, regardless of how old your business is…
Or you can join my existing Mothers Group where you get to talk to me and the likes of Viv, on a regular basis…
Interested in finding out more?
Either email my invitation or request information to info@theentrepreneurialmother.com 
I look forward to hearing from you…
Arianna Huffington; an entrepreneurial mother in her Prime…
The co-founder of the Huffington Post marks its arrival in the UK with a lecture on love, guilt and getting what you want. She talks to Celia Walden.
Fresh off the plane from LA, the Greek American author, businesswoman and co-founder of internet newspaper the Huffington Post - bought by internet provider AOL for $US315 million ($298 million) in February this year and launched in Britain last week… read the full story & more
People’s Choice Award, Huggies MumsInspired Grant Winners… have you voted?
The next exciting stage of voting is the ‘People’s Choice Award.’ Huggies are asking the Australian public to vote for their favorite idea and the mum with the most votes will win an additional $10,000 grant.
Voting has opened and will be running until June 12th. I encourage you to vote for your favourite idea. I have!
Huggies announced the 5 winners of the $20,000 MumInspired grants. The ideas range from hearing aid devices to top of the range breastfeeding bras. Check out the winning entries here: http://www.huggies.com.au/muminspired/winners-2011/.
I hope you are one of them? Please let me know if you are…
Check out these links if you need to refresh your memory!
Huggies Website: http://huggies.com.au/muminspired
Facebook page: http://facebook.com/HuggiesAU
WINNERS ANNOUNCED… Huggies MumsInspired Grants
Huggies have announced the 5 winners of the $20,000 MumInspired grants. The ideas range from hearing aid devices to top of the range breastfeeding bras. Check out the winning entries here: http://www.huggies.com.au/muminspired/winners-2011/.
I hope you are one of them? Please let me know if you are…
The next exciting stage of voting is the ‘People’s Choice Award.’ Huggies are asking the Australian public to vote for their favorite idea and the mum with the most votes will win an additional $10,000 grant.
Voting has opened and will be running until June 12th. I encourage you to vote for your favourite idea. I have!
Check out these links if you need to refresh your memory!
Huggies Website: http://huggies.com.au/muminspired
Facebook page: http://facebook.com/HuggiesAU
The Latest Business Book Reviews from Keen Thinker…
Top of the Pile:
Keen Thinker gets a lot of books to review and preview. There are piles of books on each of the desks and on tables throughout the office. These are the books that rise to the top; their picks for the don’t-miss books of the month.
- Brainsteering: A Better Approach to Breakthrough Ideas
by Kevin P Coyne, Shawn T Coyne
- Nuts and Bolts of Sales Management: How to Build a High Velocity Sales Organization
by John Treace
- The Responsible Business: Reimagining Sustainability and Success
by Carol Sanford
- The Power Formula for Linkedin Success: Kick-Start Your Business, Brand, and Job Search
by Wayne Breitbarth
- Briefcase Essentials: Discover Your 12 Natural Talents for Achieving Success in a Male-Dominated Workplace
By Susan T Spencer
Click here to read all about them, how to order them, and so much more…
The Micropreneur Manifesto: How to Stay Solo, Bleed Passion, and Build Products that Matter…
By Rob Walling for ChangeThis.com.
Single founders creating products for niche markets are known by another name: micropreneurs.
Micropreneurs may write software. They might design themes for a blogging platform. They may produce exquisite wedding invitations, or how-to books. Micropreneurs are agile, inspired, independent, knowledge seekers who can’t live with the 9-to-5 status quo.
If this resonates with you, read on. This manifesto attempts to distill the key points you’ll need as you begin your micropreneur journey.
I learned every one of them the hard way…
Again, whilst I’m not fussed on yet another version of the entrepreneur tag, Rob offers plenty of good stuff to assist in alleviating start-up pain that we have all experienced in some form or other. Enjoy!
Employers Worldwide Lack a Strategy for Developing Women Leaders, New Mercer Survey Shows…
No surprise to read (from CLOmedia.com) a headline like that I’m sure. Here’s the rest of the sorry story…
New York — March 7
Despite efforts by organizations around the world to achieve a diverse workforce, the majority – 71 percent – do not have a clearly defined strategy or philosophy for developing women for leadership roles, according to the new Women’s Leadership Development Survey conducted by Mercer in conjunction with Talent Management and Diversity Executive magazines.
The survey, conducted in December 2010, includes responses from more than 1,800 human resource, talent management and diversity leaders at organizations throughout North America, Europe, Middle East and Africa (EMEA) and Asia Pacific. The survey included a broad cross-section of industries with for-profits, high-tech/telecommunications, financial/ banking and durable manufacturing organizations representing the largest segments. Responses, which addressed current commitment and support for women’s leadership, plans for the future and obstacles to success, were fairly consistent across regions.
According to Mercer’s survey, almost half (47 percent) of employers surveyed globally indicate that their organizations do not offer any activities or programs targeted to the development needs of women leaders. While 21 percent of organizations said they offer some activities or programs, another 6 percent of organizations said they are planning to add programs and activities in the future. Read on…
How Mars Built a Business…
Launching a business selling customized candies was risky and required a series of internal innovation moves by Mars executives.
Great learning for all of us…
By Jessie Scanlon for Bloomberg Businessweek
“There is little reason for an individual to have a computer in their home,” Ken Olsen, the president and founder of the Digital Equipment, famously said in 1977. As Olsen’s quote suggests, predicting demand for new, innovative products and services can be difficult, in part because many of the traditional methods of market testing—using historical data to forecast sales, for instance, or asking customers in a focus group to compare a new product with an existing, competing one—aren’t well-suited to the innovation process.
This was the dilemma that Dan Michael, then R&D director for Mars’ M&Ms brand, faced in 2000. He and his research team at the advanced R&D lab in Hackettstown, N.J., had an idea: to make customizable M&Ms printed with the word or image of a customer’s choosing.
In 2006, Mars’ My M&Ms experiment became a formal business unit called Mars Direct. Famously secretive, the company won’t share sales data, although Meyer, the Northeastern professor, wrote in his 2007 book, The Fast Path to Corporate Growth, that soon after the public launch “sales had surpassed $10 million and continued to accelerate.” The product was launched in Europe in 2007 and will soon be introduced in Australia.
What can executives learn from Mars’ approach to marketing an innovative product? read on…
The latest Keen Thinker featuring new Seth Godin, “Poke the Box”…
For the full Keen Thinker, click here…
Given he is one of my hero’s, find about about Seth’s new book specifically by reading on…
Seth Godin's latest - Poke the Box
Bestselling business author Seth Godin made waves in the publishing industry when he recently started his imprint The Domino Project. His first title, and a book he authored, is Poke the Box, which is now available.Here’s how The Domino Project describes Seth’s latest work:
“We send our kids to school and obsess about their test scores, their behavior and their ability to fit in. We post a help wanted ad and look for experience, famous colleges and a history of avoiding failure. We invest in companies based on how they did last quarter, not on what they’re going to do tomorrow. So why are we surprised when it all falls apart? Our economy is not static, but we act as if it is. Your position in the world is defined by what you instigate, how you provoke, and what you learn from the events you cause. In a world filled with change, that’s what matters – your ability to create and learn from change.
Poke the Box is a manifesto about producing something that’s scarce, and thus valuable. It demands that you stop waiting for a road map and start drawing one instead. You know how to do this, you’ve done it before, but along the way, someone talked you out of it. We need your insight and your dreams and your contributions. Hurry.”
So, for Poke the Box, 800-CEO-READ have arranged a special bulk discount of these books for customers who want at least 25 of them. Check out the deal and the book here.
Other business books featured this month are:
~ Evil Plans
~ Enchantment
~ Split-Second Persuasion
~ Disciplined Dreaming
~ The Velocity Manifesto
~ The Investment Answer
~ The Social Media Management Handbook
~ Make It In America
~ HBRs 10 Must Reads – The Essentials
click here to find out all about them…
