Women and Million Dollar Businesses
Warning: sweeping generalizations in this post!
I pull out magazine articles. Mainly because I like to take a file of reading with me on the go.
Yesterday, I pulled from my To Read file this article about women in business and how so many of them never get past the million dollar mark.
Everyone has a story around it. Women:
- Don’t set high goals for growth.
- Not inherent risk takers.
- Not hunters and gatherers.
- Bred to be moms, not business owners.
- Don’t have business relationships built because they were busy caring for kids.
- Crappy with money.
- Intermingle money.
- Don’t know numbers, or care about numbers.
- Not interested in Strategic Planning.
Coincidentally, I’m reading Bounce by Matthew Syed who poses the theory that the way people get to be good at what they are good at is not genetics, but practice. Lots and lots of practice. at least 10,000 hours of practice.
Both book and article got me thinking and leads me to pose this theory:
If a girl and a boy had the same amount of 10,000 hours of experience, immersion, passion and training, I’d bet both of them would be making the same amount of money in business.
To the exclusion of everything else, if a million dollar revenue generating business is something you REALLY want to make happen, and you’re immersed in the training, education, and practices of running a million dollar business, sure as sh*t you’re going to make it happen.
And now this question:
Why does it matter if more women are not running million dollar revenue generating companies if that’s not what they really want to do?
Then this brings on another theory: Women, in general, in the US, are not as interested in attaining a million dollar revenue business. There are other activities which are more important than running a business with that type of revenue.
What do you think?