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Showing posts with the label growth

Only 1.7% of Female CEOs Reach $1 Million in Sales

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Photographer: Christina @ wocintechchat.com | Source: Unsplash I was blown away when I first heard that only 1.7% of female entrepreneurs reach $1 Million in sales. How could that be possible when there is almost a 50/50 split between female and male-led companies. As I have been interviewing CEOs and researching, I have compiled a list of 7 crucial steps to become one of the 1.7% percent. 1. Mentors Women want to do it all themselves and not ask for help. We like to control the situation and do not want to bother others. We are givers that are always helping but not eager to accept help back. You MUST have a support system of mentors, advisors who you can go to for assistance and advice. A support system will save you a lot of money, time, and mistakes. Almost twice as many men have mentors as women. Find someone who already has done what you want to do, even if it is in a different field, and start a relationship with them. 2. Outsource Know that you can’t do it all right ...

Who Has Your Back? The Need For A Mentor

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Photographer: KOBU Agency | Source: Unsplash One common link between most CEOs and entrepreneurs is they didn’t get where they are on their own. So as you embark on your career or starting a company, you must surround yourself with role models or mentors to help you along the way. Only 5% of CEOs are females, and only 1.7% of female entrepreneurs ever reach a million dollars in sales. I believe one of the main reasons is because women don’t ask for help and seek mentors. The path to building your own business or climbing the corporate ladder is unknown and difficult, so having someone with experience to guide and advise you is crucial. Many CEOs and founders have mentors (even after huge success) because they look to these mentors for growth and wisdom over time. Where do you find these mentors? You can hire a business coach. You can look at someone who has done what you wanted to do in the same industry or a different one and learn everything about that person. If they are too po...