No More Boring
Current statistics show that there are close to 10 million women-owned businesses, but on average, women-owned businesses donâ€™t have a high rate of success. Did you know that of those 10 million businesses, only 6 percent will ever reach the six-figure mark? Even sadder, only 2 percent of women-owned businesses ever reach the seven-figure mark. In fact, over 50 percent of women never exceed $25,000 dollars a year in revenue. It doesnâ€™t have to be that way.
I would like to turn these statistics upside down and see more and more women entrepreneurs break through to their first $50,000, $100,000 and yes, even 1 million in revenue in their business.
In the image above you can see one example of a one page business plan (or business mandala as we fondly call them around the office.) This plan is visually beautiful but also very practical as it includes all the key elements of a simple business plan. Here’s a sample that you can use to create your own business mandala.
Now is a great time to start focusing on 2016.
Once you have these elements, you can create your marketing action plan to make sure you are reaching your financial goals!