Have you ever questioned why scaling to seven figures in revenue is such a worthy goal for women entrepreneurs? As a woman, you’re constantly bombarded with arbitrary standards and metrics that society tells you that you need to achieve. But is the million-dollar revenue mark just another one of these empty ideals?
In this episode, Eleanor dives deep into the anatomy of a classic woman-owned consulting or service business. She explores the common revenue ranges for solo entrepreneurs and the limitations that often come with this model after a few years. The solution to breaking through these limitations is a business model shift that requires investment in people, assets, and systems.
Discover the three key reasons why Eleanor is on a mission to double the number of women entrepreneurs who sustainably scale to seven figures by 2030. Learn how achieving this revenue goal empowers you to provide for yourself and your team, drive meaningful innovation, and experience personal transformation. By the end of this episode, you’ll understand why a million-dollar business is a benchmark worth striving for.
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Today on Woman Owned:
- The common revenue range for solo entrepreneurs in consulting or service businesses and the limitations of this model.
- Why scaling from $300K to $900K is the “adolescence stage” of business growth, filled with potential and growing pains.
- How generating seven figures gives you the cash, influence, and autonomy to achieve your business goals.
- Why women’s economic empowerment has gone backwards in the last decade despite cultural messages to “lean in.”
- The critical difference between creativity and innovation and why innovation requires significant investment.
- How pursuing a seven-figure business goal transforms you as a leader and unlocks your impact.
Resources Mentioned:
- Can’t seem to figure out why your scalable offer isn’t selling? Schedule a growth audit with Eleanor and her team to create an actionable plan to get your offer generating the income you want! Click here to schedule!
- To receive the Woman Owned newsletter, make sure you sign up here!
- Organic Influence: Build a Loyal Following and Sell with Ease by Eleanor Beaton
- Check out Eleanor’s YouTube channel!
- The 2022 Goalkeepers Report – Bill & Melinda Gates Foundation