Organization seeks to turn women entrepreneurs into millionaires

Inequality continues in the workplace

It’s been well documented that women in the corporate world have been fighting to break through the glass ceiling for quite some time. While their presence is accepted and they are able to more easily ascend the rungs of the corporate ladder than in years past, they are still at a point further below their male counterparts.

Count Me In, a not for profit business education and resources provider, is making an effort to better equalize the ratio of male to female business owners with its Make Mine a Million $ Business Program. Their goal is lofty, but by the end of the program, organizers are hoping more female-owned companies will boast million dollar revenues.

The Millionaire’s Club

Count Me In was founded in 1999 by Nell Morlino, the originator of “Take Our Daughters to Work Day.” The company provides support to women entrepreneurs through counsel, funding and other services in the hopes that one million female business owners will reach one million dollars in revenue.

The site cites a statistic from the 2002 U.S. Census showing that “women-owned businesses were almost 50% of privately held companies and start-ups, yet the vast majority of women entrepreneurs reported under $50,000 in revenue and only 2.6%, or 242,000, report more than $1 million in revenue. This is in contrast to the 6% of men-owned firms that have reached the million $ milestone.”

The takeaway

With an estimated 70,000 women in the Count Me In community, the company still has some work to do to reach its goal. If you’re a female entrepreneur looking to grow your business, join the challenge and utilize the resources available through the CMI network. You may think taking your business into the seven-figure range is impossible, but no goal is too lofty. By aligning yourself with other like-minded women, armed with numerous resources to help your business succeed, you have the ability to take your earnings to the next level.