Impact and growth are two of InfoTrust’s core values. The notions of taking initiative and becoming great at something are part of our DNA. When our co-founder, Alexander Yastrebenetsky, was connected to Million Dollar Women, he knew their priorities aligned with the InfoTrust Foundation’s and supporting the organization was a no-brainer.
“I see entrepreneurship as one of the paths to more gender equality,” he says. “Taking ownership and going after your dreams … it’s simply inspiring to me and I’m honored that the InfoTrust Foundation is able to support such a dedicated group of individuals.”
Million Dollar Women is a social venture empowering women to scale up their businesses through online business programs, scholarships, and summits. The goal is simple: help one million women get to $1 million in revenues. With the guidance of coaches across the country, masterclasses, and an annual scholarship for women of color entrepreneurs, thousands of women have already benefited from the efforts of the organization.
The inspirational organization grew out of the book founder and “Chief Empowerista” Julia Pimsleur authored, Million Dollar Women, to encourage more women to master the three things you need to go big: the right mindset, skill set, and network. She tells the story of launching and scaling up her company, Little Pim, into a multimillion dollar business, and features seven women who built multimillion dollar businesses from scratch. Due to the success of the book, hundreds of women contacted Pimsleur for coaching, thus inspiring her to create Million Dollar Women (the organization), and one year later, its nonprofit arm, the Million Dollar Women Fund.[Read More: How the InfoTrust Foundation Helps Teach Students about Data Governance and Analytics]
“Million Dollar Women is dedicated to giving women the mentorship and information that they need to hit their first $1M in revenue,” Vice President of Client Success Stacey Shiring says. “As a previous business owner, I know firsthand the impact that having the right person to bounce ideas off of and to help you refine your processes can make or break your progress to hit this milestone. The InfoTrust Foundation not only sponsors women to attend their summit, but assists in their marketing needs. Knowing this inspires my day-to-day work because I know that while I am creating raving fans with our clients, our foundation and marketing team are building solid foundations for other female business owners.”
With fewer than 3 percent of all women entrepreneurs making more than $1 million in revenue (it’s 6 percent for male entrepreneurs), and for women of color only making less than 1 percent, the InfoTrust Foundation believes wholeheartedly in the mission of Million Dollar Women. Bringing more resources, mentorship, and tools to women who are ready to scale up their businesses connects perfectly with our motto of giving to grow.
“Supporting organizations like Million Dollar Women allows us to continue to pay it forward,” says Client Success Manager Susan Chambers. “We’re able to support Million Dollar Women in their mission to empower women entrepreneurs to grow their businesses, who in turn then have the ability to provide more opportunities to the people in their communities. It is a mission of giving that continues to grow.”
According to Million Dollar Women, women entrepreneurs currently employ 7.8 million people in the United States and generate $1.7 trillion in revenues. When one million more women reach $1 million in revenues, another $1.7 trillion will be added to the GDP and create more than 5 million new jobs. The impact is profound—and the InfoTrust Foundation is thrilled to be a part of the journey.