Women in the Business Arena™ EP114: Why Only 12% of Women-Owned Businesses are Making Over 100k & How to Change It (Part 2)
This week we wanted to talk about the internal factors holding women back from reaching financial stability. Last week we began a three-part series discussing the reasons for the following statistic: Only 12% of women-owned businesses are making over $100,000 a year in revenue, including expenses and taxes. Last week we addressed the systemic issues that are getting in the way of a woman’s entrepreneurial success. This week we wanted to address mindset, value and the internal blocks that keep us from reaching greater financial goals. Sometimes we sabotage ourselves.
Women in the Business Arena™ EP113: Why Only 12% of Women-Owned Businesses are Making Over 100k & How to Change It (Part 1)
Only 12% of women-owned businesses are making more than $100,000 in revenue per year. That’s total revenue. It doesn’t take into account business expenses such as taxes, labor, and overhead costs. And when businesses have low profit margins the money taken home is so much less. Many entrepreneurs paint a picture of how easy it is to make millions of dollars starting your own business. But that’s not reality. When 88% of women-owned businesses are earning less than $100,000 a year, we have to step back and look at what’s really happening.
Women in the Business Arena™ EP112: Navigating School Holidays, Illness, or the Responsibilities That Take Us Away from Business - Part 3
Maintain minimal consistency for the success of your business. The culture in which we live in loves to perpetuate what we like to call the “work, work, work, collapse” model. You start pushing yourself and feeling great. But it’s only a matter of time before you collapse. Sound familiar?
Women in the Business Arena™ EP111: Navigating School Holidays, Illness, or the Responsibilities that Take Us Away from Business - Part 2
When we have a limited amount of time and energy, and an endless list of tasks, what do we prioritize to keep our business running, while staying sane? In our business journey, we will all come across times where priorities must shift, and the majority of our time must be spent away from the business. For many of us, this occurs each summer when our children are out of school for break. Last week, we discussed the mindset needed to successfully navigate these seasons in our business and life. This week, let’s take a deeper dive into the fundamentals that will allow you to keep your business moving forward during these busy seasons.