Having the freedom to share your distinctive vision with the world, earn money without limitations, and the autonomy to live life on your own terms is enticing to most people. However, having the audacity to go all-in and implement the proper steps to scale your venture to six figures and beyond can become a discouraging experience. But, keep in mind, everything is possible!
Studies show that as of the year 2021, female entrepreneurs make up approximately 30% of all entrepreneurs globally, with over 12-trillion women-owned businesses located throughout the United States. Research has proven that 88% of women-owned businesses generate less than $100,000 each year, which may seem surprisingly low. However, more than 62% of those women claim their businesses as a primary income source. That's freedom! To top those facts, female entrepreneurs are also consistently outearning male entrepreneurs throughout the US and globally.
We conducted a survey of 100 women entrepreneurs throughout the United States. Nearly 50% of those women stated that they are full-time entrepreneurs with their one business generating multiple income streams. According to their answers, they do not presently work for an employer. We also asked all of the women surveyed to provide feedback regarding how often they used their business plans and the importance of their daily sales and administrative processes. 80% of them revealed that their business plans had been critical to launching and staying on track during the first 3-5 years in business. A few of them stated that they had to revamp their business plans after adding partners and expanding into the global market. Of all of the women surveyed, 95% also revealed that their continued success relies significantly on following consistent sales strategies and implementing practical daily processes. The proof is in the numbers. Despite the challenges of entrepreneurship, when you can implement the correct planning and processes and execute well, it's usually worth it in the end.
