An unexpected reason that women entrepreneurs may have a difficult time breaking through the $1 million revenue mark is the lack of access to networks and social capital. Studies have shown that women entrepreneurs often have smaller and less diverse networks compared to their male counterparts. This can make it harder for them to access resources, information, and opportunities that are critical for business growth and success.

Networks and social capital can help entrepreneurs to gain access to funding, mentorship, and other forms of support that can be essential for scaling a business. They can also provide valuable information and insights about industry trends, customer needs, and other critical factors that can help to inform business strategy and decision-making.

In addition, networks can help entrepreneurs to build relationships with suppliers, customers, and other key stakeholders, which can be critical for securing new business, building brand awareness, and scaling a business.

Women entrepreneurs often face barriers to building these networks, such as unconscious bias and discrimination, which can make it harder for them to access the same opportunities and resources as their male counterparts. This can be a significant obstacle to scaling a business and reaching the $1 million revenue mark.

To overcome this challenge, women entrepreneurs may need to be more proactive in building their networks and social capital. This can include joining professional organizations, attending networking events and conferences, and actively seeking out mentorship and other forms of support. Additionally, women entrepreneurs can use digital tools and social media to expand their networks, connect with potential customers, partners, and investors.

In conclusion, lack of access to networks and social capital can be an unexpected reason that women entrepreneurs have a difficult time breaking through the $1 million revenue mark, this challenge can be overcome by being proactive in building their networks and actively seeking out mentorship and other forms of support, using digital tools and social media to expand their networks, and connecting with potential customers, partners, and investors.

So, why not stack the odds in your favor and join the She Leads Community? It's free and you'll get access to hear about the in-person and virtual workshops, networking, retreats, conferences and events we host all year long. We are also connected with several other sister communities - like Business of WE, Jennifer Dawn Coaching, Las Colmadres and Ravel - to name a few - where there are great things happening in their communities as well.