Supporting Female Entrepreneurs
NYC non-profit is helping businesses grow the economy and add jobs
- Duration 7:12
- Date Sep 2, 2011
NYC non-profit is helping businesses grow the economy and add jobs
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-- -- -- -- -- -- -- -- -- -- -- -- Now has a set -- -- -- I have.
It seems for a couple of years -- I've never.
Got up there that is cool it was very exciting I was surprised it really has a feeling.
Other like being on the balcony of -- palace or something it's very small yes.
And there's so much activity going on down there it was it was very exciting very cold OK so its first before we talk explains you know what -- -- -- does not count -- -- we're not for profit organization we helpful and Ingram Micro businesses to million plus enterprises.
And a lot of the women -- the air with me today are women who are now at 2015175.
Million dollars in annual -- is -- this.
I started because.
Women's businesses are small.
70% of all women don't deserve 50000 dollars or less an annual gross revenue and I saw that and I said I don't wanna -- -- micro business I wouldn't find women who already have businesses find out -- stock.
And get -- growing and we really have the women on the podium with me today.
They created something like 12100 jobs.
So not this month is that but in OK let them pass next fifty years.
As to years past yes how are you getting that money to -- Most I mean because -- the size of their businesses there able to access some money.
C you're just putting America actually helping them.
Yeah we we have a relationship with American Express open in some cases that's where they get the money in other cases they go to their community banks in some case is a big enough where they are not having.
Trouble getting financing or investors as you hit that.
1015 million dollar range depending on the business.
And the to do anything -- are in health care which is obviously still growing so so there'd been opportunities that way.
But for the smaller ones getting money has been tough so let's go first Melissa -- your biggest success stories.
-- -- with one of them today William Brown she is a healthcare business -- -- a attends solutions.
She does drug testing -- you know around the world has contacted major pharmaceuticals.
We -- issues at 300000 now she is -- up auto waited thirty million in revenue and has over 300 employees unlike -- and the I know it's very excited between the female entrepreneur and the balance from our.
I think a lot of things in the same but I think it's those early stages women need a little more push and a little more permission to think bigger.
I think their vision is and always big enough to really make a big business.
And so we spend a lot of time challenging them I was with a woman yesterday who has a fabric design business.
And she was talking about you know the trouble she was having -- -- and what's your biggest during.
I to -- what I'd really like to do is -- the jackets for the Olympic award winners in 2014.
-- be able to hook her up with somebody who may be can help -- do that.
So it's speaking your dream AM and then connecting not too big business and often -- think oh well I'll just -- fabric for this or whatever.
Once she told me what her fantasy where dream is -- you really excite some investors do you think though and I see this.
At personal experience as well that we sometimes -- hold back because.
We also have kids to take care we take care of a lot of we most of the things -- that at home.
We have a -- or other responsibilities and I.
That's a good rationalization but you know what I'm saying and what we figured out because a lot of -- -- they have to keep it small so that they can do everything else right.
And you can't do everything they can sell you hire you hire well in your business but you also I was a little woman today.
Five she we models restaurants stores and apartments -- -- a business called aerial design and build she was a 300000.
Lesson -- such a big circles under a little on Ahmadinejad said well I've got two kids under five into the mat.
She hired somebody to help her home on Saturday and she hired two more people in our office she's -- two point seven million now.
So it's the counter intuitive thing you can't do it going yourself whose gonna help you and then you could grow business you have a baby you can do a lot of things if you got the right -- And the racists.
Yeah and that is -- -- -- -- value fair to the recession.
But I haven't seen in law yeah how are people doing are they coming out of this are they seeing some sort of light at the end of the tunnel.
Challenging every day yeah but again one of the woman I was with today she had been looking all day yesterday Coleman a layoff because that -- flow is so bad.
Those less than a million dollar contract at 5 o'clock.
So the money's out there.
It's taking longer.
Think everything is taking longer everything takes longer she -- a plan better in terms you cash flow but the ones that are doing there.
Are really been able to hang in and take advantage of the opportunities when they come I have not seen many -- we've had three or four businesses close.
Some of them.
Word mistakes they made some of them were just inevitable because the kind of business it was that we're in a -- more luxury hi Aaron business.
And there wasn't a lot of market for that so it depends but I have not seen a lot of disaster I've seen things slow down.
I've seen people you know have to contract for a while and then come back but I I am I am.
Cautiously optimistic what's working -- what industries or businesses are working I mean often times.
We -- release -- baking cookies and then criticisms is fields came about health care and education.
Women who are in those businesses and -- Jason.
Educationally let -- -- saying things like that -- ring.
There's a woman account me and my mom she is a business that helps when you when you get moved overseas.
And you got to take your kids yes she helps you find schools she's -- seven million.
And she started that because she got her husband got a job overseas -- -- seven and nine year old.
And you know couldn't find schools -- like three months because she didn't know anybody I don't find you I mean a little business -- out of my basement and I come find you make mine a million dot org.
Make mine a million dot org that's where we are -- up right now yeah my -- -- millions or yeah.
-- -- -- People in this content you and say help.
State we have weekly webinars we have the events of the big event coming up in Philadelphia -- -- come to our event they get ninety seconds to -- -- business they get expert feedback.
Some of them if -- far enough along have an opportunity to win in addition to prefer American Express for a thousand bucks to put to -- their business they get business coaching from us.
We do -- meet ups we do all kinds of things both online and in person and over the phone so every you learn however you want to -- Or if you live in South Dakota and you can you know get to our stuff.
You can follow us on line and -- -- us over the phone.
Mind and million dot com number Leno conclusively until -- -- -- -- -- dot -- it's up.
Don't get the sense that I was feeling thanks for having me I'll come back anytime you're in town I get excellent.
And -- added He got a business who cares what it is.
You could be the next -- you actually -- up anyway there's room for more are we.