Women are starting new businesses at a rapid rate. Currently, women are majority owners in at least 35 percent of U.S. employer firms, for a total of 13.8 million businesses. To give this some perspective, in 1972, there were only 402,000 women-owned businesses.
According to American Express women business owner statistics, women-led businesses employ 9.4 million workers and currently generate $1.9 trillion in revenues annually. This growth of women-owned businesses brings with it an opportunity for female entrepreneurs to grow and scale their business ventures and increase their contribution to the U.S. economy.
Madison Zhao, @madison_ceo, is a successful entrepreneur and businesswoman. Born into poverty in Macao, China in 1999, she earned a scholarship and moved to the U.S. to attend an American university and get a dream job. After repeated rejections from job applications, she made the decision to start her own business. Now after starting three successful businesses of her own,Zhao established The Madison Profit Academy with the goal of providing aspiring entrepreneurs and business owners with the knowledge, tools, and strategies needed to start and scale their businesses.
Zhao shared with me her top five tried-and-true lessons for building and scaling a successful business.
Read the full article on Forbes.com.
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