Women-owned businesses need to think big and persevere

Women-owned businesses are three-and-a-half times less likely to reach $1 million in annual revenue as businesses owned by men, according to an independent impact study released by Ernst & Young LLP, a professional services company.

The reason? Most women just don’t think big enough.

Here are five key points Ernst & Young recommends for scaling small companies into large ones:

  1. Think big and be bold
  2. Build a public profile
  3. Work on the business, rather than in it
  4. Establish key advisory networks
  5. Evaluate financing for expansion

To learn more, join us for “The POWER of Perseverance,” the 10th annual Perspectives: Women Who Excel Conference, presented by Anthem and sponsored by Smart Business, Cleveland Clinic and Colortone Staging & Rentals.

The April 13 event will feature a panel discussion with a dynamic group of leading women executives who will share their insights on what it takes to redefine and reinvigorate your leadership style in order to move a business forward.

Join us to discuss methods for promoting success for women-owned businesses in our region.

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