Thirty-two of the largest U.S. companies by revenue on the Fortune 500 list, including PepsiCo, IBM, Lockheed Martin, Oracle and General Dynamics, are run by women. Although this only accounts for a mere 6.4 percent of Fortune 500 companies, it is the highest proportion of female CEOs in the history of the Fortune 500.
It’s an exciting time to be a female entrepreneur with the abundance of opportunities available, including government contracts and diversity and inclusion programs. However, even with all the support, there are still obstacles facing women in the workplace; from lower pay than their male counterparts to sexual harassment and fewer promotion opportunities.
To get a better understanding of why women are still being held back in the business world, I looked at the most successful businesswomen I’ve known over the years. They have all had mentors, including myself. Over the past eight years, I have led mentoring meetings, training sessions and workshops giving me a clearer understanding of the specialized training and mentoring women need as they develop into successful entrepreneurs.
Change Your Mindset
“Life is not easy for any of us. But what of that? We must have perseverance and above all confidence in ourselves. We must believe that we are gifted for something and that this thing must be attained.” – Marie Curie, two-time Nobel Prize Winner in Physics
It starts with your mindset. You need more than just business essentials and marketing to be successful. You need to believe that you can succeed in conquering your fear and embracing your confidence. Interestingly, I find more women have a fear of success than a fear of failure. We reach a certain level, and then we suddenly seize up and get stuck.
When women are ready, willing and able to break through their own glass ceiling and ask for what they’re worth, we will see a huge surge, not only in our economy but also in our community. The key to this and any success is collaboration. Through collaboration, we will change the world for the better.