This week on Insights: Scaling lessons from the street, the indefatigable Andrea Henry from Henry Business Law is in da house 👏👏👏 !! A business lawyer who works primarily with women entrepreneurs to protect their businesses so that they can grow with confidence, she’s joined by her fellow hosts Susan Diaz, founder and CEO of cp.digital, business coach Shelagh Cummins, shelaghcummins.com, mindset mentor Megan O'Neill, meganoneill.ca  and Wendy Brookhouse, Blackstar Wealth founder and Chief Strategist, to talk about the state of Women's Entrepreneurship. 

💥 WHY are women three and a half times less likely to break the $1 million in revenue mark than men?

💥 WHAT is stopping women entrepreneurs from big-time success? 

💥 HOW COME there are so many more restrictions and challenges for women when it comes to funding their businesses?

As Andrea Henry says, “I really genuinely feel we should all be millionaires. I think entrepreneurship is the way to do it.”

Same, girl. Same. 

Here’s just a taste of what these fierce female marketing warriors are talking about today!

“…you know, the most common number I hear is, well, we're just trying to get over six figures. But when you make six figures in your company, that's fantastic. But it is not enough to live. If you go from the adage that we pull 30% of to pay ourselves and no matter where you live, living on a $30,000 salary, while possible is really difficult. And so yes, six figures is a great option if that's what it is that you want.”

  

“…there are a couple of things that have been active challenges me this year one of them has been funding. It's like the same level of, shall we say, the conservative approach that keeps Canada from tanking is also what prevents the system from investing in the higher risk opportunities, which is really what we are, right, and I've learned how to define myself quite early. And I know that my appetite for risk and growth is high.”

 

 

“I do think it goes back to I think we have beliefs about what power means. So, for example, say you reach that seven figure level, I think that we still are creating the new beliefs herself of what that means. What does it mean to be powerful? Because we're seeing it through a male prism? I think, yes, that's my experience.”

  

“But we as women have to step in and step up and ask for what it is that we need. And I often see women playing small because they are afraid that it's actually going to work and what is that going to cost them. And so, if we can help women see that growing your business requires support and help and the help doesn't have to just be within the business. And if we're going to do this, and if we are in a partnership, asking for what we need from our partner, to be able to support us to step out on this platform is just as critical as asking for access to capital.”

 

“[To succeed] we need help around the house. We've gotta ask, and stop putting all that pressure on us to do more and more and more and more. And you know, even 40 years ago, there was less expectations on women. The role was very clearly defined. Some people were struggling with two different sets of expectations of both work and at home. But we've kind of done it to ourselves in a way. And so, I think we train people how to treat us. And if how we are being treated isn't working, or how our businesses running isn't working, we have to take the onus and step in and ask for help.”

 

And that’s just a snapshot of the kind of honest, REAL TRUTH TELLING talk you’ll hear on every episode of Insights! And this episode is no exception!

Enjoy!