A recent article in the NY Times entitled “A Capital Idea for Women” reported the success of the Make Mine A Million (M3) program partnership with TCC business coaching to assist more and more women business owners to grow their businesses to over $1 million in annual revenues by expending less energy and less time to do so.
Nell “Merlino founded Make Mine a Million two years ago” to assist “one million businesses owned by women with annual revenue of more than $1 million within the next decade.” “Focusing on what it will take to grow is the point, Ms. Merlino said, because growth is often not the first priority of women in business. Open, the small-business arm of American Express, is a founding sponsor of M3, and in a survey of 627 customers released this week, it found that while men say their No. 1 goal is “growing the business,” women say their top priority is “maintaining the business.”
Make Mine a Million and The Coach Connection have created a successful partnership
The Coach Connection (TCC) has been an integral partner with M3 to provide the personally matched “ongoing business coaching” to the women business owner M3 winners to assist them to achieve the business successes they want. This includes growing their businesses to $1 million in annual revenues and beyond, but not by working longer and harder, but by working smarter and in less time.
As an example, The Times further reports, “A coach from M3" (from TCC sponsored by M3) "helped Garnett Newcombe see “that I was a little bit of a control freak,” she said. Ms. Newcombe is the owner of Human Potential Consultants, a job training and placement agency in California for participants in government disability, welfare and parole programs. When Ms. Newcombe won an M3 competition last June, she had nine employees, gross revenue of $350,000 a year, and a dawn-to-midnight schedule.
Weekly phone conversations with her coach allowed her to create more specific job descriptions for her existing employees and then to trust those she had hired to do their jobs. “I had thought I was the only one who could do anything,” she said, “and that I had to be there all the time.”
The Times reports “This year she projects revenue of $3 million. She has contract commitments over the next five years that are worth close to $14 million. She still gets up early, but she uses the time to read, not worry. Her working day is 8 to 5.”
Garnett Newcombe is just one of many shinning examples of how the partnership of TCC and M3 have been able to assist more an more women business owners to not only grow their businesses to $1 million and more but to create the personal lives they want and deserve at the same time.
NY Times reports M3 and TCC coaching results
Merlino reports “M3 has chosen 80 women in the past two years, and Ms. Newcombe is among the 10 who have cleared the $1 million mark; 34 more are on track to do so by the end of this year. That 55 percent are succeeding is evidence that intense business coaching can work. That 45 percent have not shows that a million dollars is a lot of money.
“What we’re learning is that for some people it takes longer than our original thought of 12 to 18 months,” Ms. Merlino said, listing a dozen or so business that are within a hair’s breadth of $1 million but need another year.”
“Meanwhile, Ms. Newcombe, 55, has started a different kind of counting. Her goal is to maintain her current level of business and to add one to two contracts a year. Then in about four years, she said, “I will retire.””
Nell Merlino and her M3 program, the M3 sponsors, TCC, and the many women business owner M3 winners are on course to change the entire landscape of the US business world.
If you are a woman business owner of a business with an annual revenue of $250,000 or more you can apply to the M3 program and take advantage of the many support resources provided to M3 winners, including personalized business coaching through TCC, so you too can grow the revenues and profits of your business, take more time out for you, and start planning your future on your terms like Garnett.
Or if you are a business owner with any size business you can read more about TCC’s business coaching services or contact TCC direct at the above phone numbers.
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NY Times reports women owner’s success due to M3 program and TCC coaching
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The Coach Connection Blog was judged as the top-rated coaching blog by a panel of experts working in conjunction with Peer Resources (See Peer Bulletin No. 154 (July 1, 2007) ISSN: 1488-6774. Judges described this blog as "tackling difficult and controversial topics, providing a wide-ranging and creative focus on coaching, and sharing practical advice to strengthen coaching practice."
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