I just got the Pink newsletter in my inbox and they included an interview with Liz Elting, whose $178 million dollar company, Transperfect, began in a dorm room with little money and no computer-she and her partner actually rented one on a monthly basis!
During the interview she was asked why she felt she passed that million dollar mark when only 3% of women business owners do. Etling answered that she went into the business making it her top priority. Etling began the company before she had children, and at the time put in over 100 hours per week, including many overnighters.
She said commitment is the key: You have to understand that you have to be into that business 150%. In other words, at the end of the day you might not be able to stop at 5 PM, go home, make dinner, read to the kids, put them to bed and watch your favorite show.
What a great thought this is! So often mothers in business go into business with hopes of making some extra cash while creating more of a flexible schedule. Then we get caught up in the money that is coming in and we want to make more, go further, see our careers really take off. The problem? We also want to remain mothers, which means punching out at 5 to make dinner at least a few times a week, if not more.
It makes sense that a smaller population of women would be hitting that mark for this reason. While many women may see the company as the top priority, many of us also see it as something that we do to support our families while we take care of our families at the same time.
Just interested in seeing your thoughts on this?