By John Tozzi - Business Week:
Karen Bevels had hit a wall. Revenue at the gourmet catering company she founded in 1992 outside San Francisco once grew annually by 30%. But by the time she reached $500,000, her growth had slowed to 10%.
Bevels faced a problem many entrepreneurs share: She wanted to expand her company, but wasn’t quite sure how to do it. She found help in the form of a growing network of women committed to turning their small businesses into big ones. The Make Mine a Million $ Business program aims to get a million female business owners committed to making $1 million in sales by 2010.
There were 6.5 million woman-owned firms in the U.S. in 2002, according to the latest U.S. Census data. But only 117,000 of them brought in $1 million or more. Although 28% of all American firms were counted as woman-owned, those companies accounted for just over 4% of total receipts.
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