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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.

Related posts:

  1. Female Owned Businesses Responsible for Job Creation in the U.S…
  2. I’m one of only 3% of $1mil revenue+ Women-Owned Businesses…whoa!
  3. Should Women Marry for Love or Money?

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