Despite women owning 40% of all the businesses in the U.S., in 2018, less than 2 percent of women-owned businesses generated more than $1 million in sales (and that percentage is even lower when you only look at women of color). This article in Entrepreneur explores ten common mistakes that include: trying to do it all yourself, not spending enough time working with mentors and coaches, lack of a cash runway and not understanding the scalable aspects of the business.
In this 9/20/19 article in Fast Company, seven female leaders reflect on situations where the mistakes they made taught them lessons that influenced their leadership and their future careers.
Failure is all part of the entrepreneurial process. But how do we move forward after we stumble? This NPR TED Radio Hour podcast on “Setbacks” includes comments from entrepreneur Leticia Gasca who was a co-founder of the movement “F***up Nights” which provided a place for entrepreneurs to stand on stage, share stories of failure and find a community that understood the process.