Friday, October 22, 2010

Women Entrepreneurs - Are You Hitting the Mark!

I was doing my daily business reading and overview and came across a rather startling statistic!  According to a study by the U.S. Small Business Administration, the typical business owned by a woman in the United States generates less than $50,000 in revenue per year.  What does this number dwindle down to when you subtract the expenses?  Geesh!

Taking the analysis a step further, the average salary in California is just over $68,000 according to the Bureau of Labor Statistics and note that I reference California because it has the highest average salary of all States!  I believe the national average is around $44,000 but don't quote me on that.

So what's my point!  The question is, how do you feel about these statistics and how do you rank? In my opinion, there is a definite need for women to get on the fast track to reaching their fullest potential financially as well as personally.  So how does one get there and what is it that might be holding you back?

1) Are you setting goals?
2) Do you have an action plan?
3) Are you too worried about defending and defaming as opposed to doing?

According to Nell Merlino of countmein.org, less than five percent of women actually write down goals or even have an action plan!  And we wonder why the failure rates of small businesses are so high!  Women, how about raising the bar and surpassing the mark?  Start goal setting, action planning, partnering and doing today to begin recognizing and increasing your ultimate profit potential!

1 comment:

  1. This is awesome! The reference to writing down goals is important because what is monitored can be measured...if these things only exists in one's head how will progress really be tracked???The answer is it won't!
    -Ra'Donna

    ReplyDelete

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