{"id":12552,"date":"2019-08-26T11:00:09","date_gmt":"2019-08-26T15:00:09","guid":{"rendered":"https:\/\/whatwillittake.com\/?p=12552"},"modified":"2019-09-09T19:19:16","modified_gmt":"2019-09-09T23:19:16","slug":"ways-you-can-support-high-growth-women-entrepreneurs","status":"publish","type":"post","link":"https:\/\/whatwillittake.com\/women-money\/ways-you-can-support-high-growth-women-entrepreneurs\/","title":{"rendered":"Ways You Can Support High-Growth Women Entrepreneurs"},"content":{"rendered":"

This piece is an excerpt from \u201cYear of the Woman? Not in Our Wallets,\u201d originally published at juliapimsleur.com<\/a>.<\/span><\/em><\/p>\n

One of the <\/span>fastest ways to close America\u2019s financial gender gap is to support women entrepreneurs.\u00a0<\/span>When women start their own business, they leave behind the glass ceiling and climb the entrepreneurial mountain.\u00a0<\/span>Business owners who make it at least to base camp can pay themselves and their often majority-female-staffs fair wages \u2014 and give colleagues ways to get ahead that\u00a0<\/span>don\u2019t<\/span>\u00a0require demeaning encounters with male bosses.<\/span><\/p>\n

Women know entrepreneurship is the ticket. They are starting businesses at\u00a0<\/span>twice the rate\u00a0<\/span>that men are and 1 in 10 women graduating college says she wants to be an entrepreneur. Yet,\u00a0<\/span>of the 11 million women business-owners in the U.S., very few are building profitable, scalable, fundable businesses.\u00a0<\/span>It\u2019s not because they don\u2019t have the drive or competence.<\/span><\/p>\n

Many women <\/span>business<\/span> owners lack access to the capital, mentors<\/span>,<\/span> and business tools to scale up \u2014 due to not having gone to business school or living in rural areas where they don\u2019t have easy access to biz programs, role models and accelerators. Of the estimated 11 million women running small businesses in the U.S., f<\/span>ewer than 3% ever reach $1M in revenues, and fewer than 1% of women of color.<\/span>\u00a0More than twice as many businesses run by men reach that million-dollar mark.<\/span><\/p>\n

Women entrepreneurs are one of the greatest under-leveraged assets we have in the United States.\u00a0<\/span>There is so much untapped potential. Time’s Up on that<\/span>,<\/span> too.<\/span><\/p>\n

At Million Dollar Women, we are helping\u00a0<\/span>one million women reach $1M in revenues\u00a0<\/span>through <\/span>our\u00a0<\/span>online business programs<\/span><\/a>\u00a0and\u00a0<\/span>summits<\/span><\/a>\u00a0for high growth women entrepreneurs. Our nonprofit arm,\u00a0<\/span>Women Who Dare,<\/span><\/a>\u00a0is supporting women of color entrepreneurs (whose average revenues are $25,000 \u2013 $50,000) by connecting them to the right capital, community<\/span>,<\/span> and business tools to scale up.<\/span><\/p>\n

When<\/span>\u00a0<\/span>one million women reach one million in revenues, we will add $1.6 trillion to the GDP and create more than five million new jobs.<\/span>\u00a0Along with other women\u2019s business organizations such as\u00a0<\/span>Ellevate<\/span><\/a>,\u00a0<\/span>Pipeline Angels<\/span><\/a>,\u00a0<\/span>Change the Ratio<\/span><\/a>,\u00a0<\/span>NAWBO<\/span><\/a>\u00a0and<\/span>\u00a0Female Equity<\/span><\/a> <\/span>and the corporations, foundations<\/span>,<\/span> and individuals that believe in leveling the playing field and are supporting our movements, we are creating new frameworks and providing tools, role models<\/span>,<\/span> and access to capital to ambitious women. The women in our programs might otherwise stay stuck at $100k or $200k in revenues, or worse, shut down their businesses and go back to 79 cents.<\/span><\/p>\n

We can all help close the gap.<\/span>\u00a0<\/span>Here are\u00a0<\/span>THREE THINGS you can do right now<\/span>\u00a0<\/span>to make this \u201cYear of the Woman\u201d an\u00a0<\/span>economic victory<\/span>\u00a0for women too:<\/span><\/p>\n

    \n
  1. Support women entrepreneurs<\/span><\/strong>\u00a0in every way you can \u2013 buy from them, hire them, refer them, promote them, purchase holiday gifts from them, cheer them on and share fundraising resources to help boost their success (click\u00a0<\/span>here<\/span><\/a>\u00a0for a complete list of female-friendly funders and accelerators).<\/span><\/li>\n
  2. Join our movement at Million Dollar Women\/Women Who Dare<\/strong>\u00a0<\/span>to help more women entrepreneurs succeed by entering\u00a0<\/span>your email here<\/span><\/a>\u00a0and refer ambitious women to our programs.<\/span><\/li>\n
  3. Consider investing in women entrepreneurs\u00a0<\/b>via online fundraising platforms such as\u00a0<\/span>Plum Alley<\/span><\/a>,\u00a0<\/span>IndieGoGo<\/span><\/a>,\u00a0<\/span>iFundWomen<\/span><\/a>\u00a0and\u00a0<\/span>Circle Up<\/span><\/a>\u00a0and support the organizations working for gender financial equality.<\/span><\/li>\n<\/ol>\n

    Our mission is to get one million more women making one million in revenues.\u00a0This is achievable. If the recent midterms proved anything, it\u2019s that we should never underestimate what a country of women who are mad can make happen!<\/span><\/p>\n

    Together we will help one million women create fundable, profitable companies and then we will not only be able to elect more women who represent our interests, we will help future generations build thriving companies that create more jobs for women, men, youth, working parents, and non gender binary professionals who value working in a gender equal workplace.\u00a0I\u2019ll be buying the first round then!<\/span><\/p>\n

     <\/p>\n

    Julia Pimsleur is Founder & Chief Empowerista of Million Dollar Women<\/a> and host of the Million Dollar Mind podcast. Million Dollar Women is helping one million women get to $1M in revenues. MDW is a social venture, half for-profit and half non-profit, with scholarships for women of color entrepreneurs. Pimsleur is the author of <\/span>Million Dollar Women<\/span><\/i><\/a> and has a forthcoming book <\/span>Million Dollar Mind<\/span><\/i>. See juliapimsleur.com<\/a> for free blogs, speaking and upcoming events and milliondollarwomen.us to learn more about getting involved in helping one million women to $1M in revenues.<\/span><\/p>\n

     <\/p>\n

    BACK TO MAKING MONEY MOVES THAT MATTER SERIES<\/a><\/span><\/h5>\n<\/span>","protected":false},"excerpt":{"rendered":"

    Women entrepreneurs are one of the greatest under-leveraged assets we have in the United States.\u00a0Here’s what we can do about it.<\/p>\n","protected":false},"author":637,"featured_media":12346,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[596],"tags":[],"coauthors":[589],"yoast_head":"\nWays You Can Support High-Growth Women Entrepreneurs - What Will It Take<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/whatwillittake.com\/women-money\/ways-you-can-support-high-growth-women-entrepreneurs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ways You Can Support High-Growth Women Entrepreneurs\" \/>\n<meta property=\"og:description\" content=\"Women entrepreneurs are one of the greatest under-leveraged assets we have in the United States.\u00a0Here's what we can do about it.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/whatwillittake.com\/women-money\/ways-you-can-support-high-growth-women-entrepreneurs\/\" \/>\n<meta property=\"og:site_name\" content=\"What Will It Take\" \/>\n<meta property=\"article:published_time\" content=\"2019-08-26T15:00:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2019-09-09T23:19:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/whatwillittake.com\/wp-content\/uploads\/2019\/06\/Juliaheadshotedited2019-copy-e1561653682385.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1021\" \/>\n\t<meta property=\"og:image:height\" content=\"1215\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Angela Joshi\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Ways You Can Support High-Growth Women Entrepreneurs\" \/>\n<meta name=\"twitter:description\" content=\"Women entrepreneurs are one of the greatest under-leveraged assets we have in the United States.\u00a0Here's what we can do about it.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/whatwillittake.com\/wp-content\/uploads\/2019\/06\/Juliaheadshotedited2019-copy-e1561653682385.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@ConsciousCoMag\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Angela Joshi\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/whatwillittake.com\/women-money\/ways-you-can-support-high-growth-women-entrepreneurs\/\",\"url\":\"https:\/\/whatwillittake.com\/women-money\/ways-you-can-support-high-growth-women-entrepreneurs\/\",\"name\":\"Ways You Can Support High-Growth Women Entrepreneurs - 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