I was lunching in New York today with best selling author and entrepreneur, Julia Pimsleur, the inspiration behind the book Million Dollar Women, the essential guide for women entrepreneurs looking to take their businesses to the next level and to $1 million revenues. We were discussing the things that hold women entrepreneurs back when it comes to thinking big - and guess what, it seems that often the biggest barrier for many women entrepreneurs is themselves. Over the past 20 years, women in the US have started nearly twice as many businesses as men, but astonishingly only 3% of all women business owners ever make revenues of $1 million or more - that’s in stark contrast to their male counterparts. The figure in Africa is even lower. So what needs to be done to rectify this? Firstly it’s all about changing the mindsets of women entrepreneurs - we need to start thinking about building significant businesses from the get-go, and then having the confidence, skills and the determination to make them a reality. It’s about building the right foundations, developing powerful networks, raising capital, and getting the necessary coaching and support. It’s also about learning from those women entrepreneurs who have built their successful $million businesses and applying those learnings to our own businesses.

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