The Philadelphia Inquirer reports on an upcoming competition for female entrepreneurs who dream of owning businesses with $1 million in revenue.
Make Mine a Million $ Business, or M3 1000 for short, is a national initiative to help 1,000 female business owners reach $1 million in annual revenue in 18 to 36 months.
Since its launch in 2005 by the nonprofit Count Me In for Women's Economic Independence, M3 1000 has had 30 competitions throughout the United States. Of 261 total award winners, 28 percent are now at $1 million or more in revenue, said Count Me In founder Nell Merlino, a Trenton native and the creative force behind another major movement to inspire more career-oriented women -- Take Our Daughters to Work Day.
Nationally, Merlino said, only 2.6 percent of female-owned businesses have reached the $1 million revenue milestone.
Original source: The Philadelphia Inquirer
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