Breaking the $1 million ceiling
Six experts debate what keeps more women entrepreneurs from growing big.
NEW YORK (FORTUNE Small Business Magazine) - Just seven percent of million-dollar-plus companies are owned by women -- but that's changing fast. While there's nothing magical about $1 million in sales, that number has taken on symbolic importance to small-business owners -- both male and female -- who desire to grow big. Yet why do females lag behind males as members of the million-dollar club?
Is it a lack of desire to run a large operation, spawned by the realities of balancing work and family? Discrimination by the equity investors who could fuel the companies' growth? Exclusion from the old-boy network that opens the door to government and corporate contracts for men? Or is it something else altogether? And how is the playing field shifting? We sought answers from a panel of women executives and entrepreneurs. And what they had to say was fascinating. The $1 Million Ceiling: See what women say To write a note to the editor about this article, click here. |
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