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Women Millionaires Tell How They Did It
Women millionaires: A cultural unlikelihood?
Kristina Cowan | Payscale
April 24, 2008
The Millionaires’ Club
Judy Briggs will join the millionaires’ club this year. She is a franchise-owner in the metro-west area of Massachusetts through 1-800-GOT-JUNK?, a junk removal service headquartered in Vancouver, Canada, which recognizes franchisees that hit the million-dollar mark.
“I never had the goal of becoming a millionaire,” Briggs said. “I wanted the business to be successful. Just having passion for the brand and business itself drove me.”
Before starting her franchise in 2003, Briggs held several different jobs in the Worcester, Mass. area. She worked as a provider relations manager at Blue Cross and Blue Shield of Massachusetts, as an ancillary contracting manager at Harvard Pilgrim Health Care, and as the director of human resources at Three-C Electrical Co.
In the fall of 2002, Briggs and her then-husband read an article about GOT-JUNK and “thought it was a great idea.” They launched the business with one employee and one truck: today she has eight trucks and 22 employees.
Briggs credits part of her success to accurate financial planning.
Judy Briggs: A soon-to-be millionaire
“I knew when the time was right to put on an additional truck. It’s all about timing. You don’t want [to have] 10 truck payments and not have revenue to support them,” she said.
Briggs also emphasized the importance of education for women.
“I believe that an education is key to being financially independent. A lot of companies won’t look at women or men that don’t have a college degree. … In terms of women, if you have drive and want to get ahead in life it’s very important you get a degree. A lot of times women don’t have the self-confidence and that prohibits them from getting ahead,” she said.
Briggs has an associate’s degree in accounting, a bachelor’s degree in business, and a master’s degree in business administration.
“I feel very privileged to be part of the millionaires’ club, but being in a male-dominated field. Trash and junk has always been predominantly a male industry,” Briggs said. “By having education, drive and passion for business, any woman can succeed at anything, regardless of the industry.”
gogreen
about 1 year ago
2 comments
Sounds like Briggs had a very smart "then husband!"
Elorraine
about 1 year ago
824 comments
Real life stories like this inspires me, and gives me the drive to know that it is possible to beat the odds and succeed in the things I desire to achieve in life.
itsmsrichelle
about 1 year ago
4 comments
How much of Theresa's wealth was accumulated as a result of commissions from high-profile clients? What about strategies for women whose passions are not sales-oriented jobs and who bring home a fixed amount of take-home pay each month?
aelseattle
about 1 year ago
2 comments
First, focus on the positive choices you've made. You have college level courses under the belt (regardless of whether or not you finished the degree). From your previous work experience it sounds like you have worked with people AND data, if that's something you enjoy don't give up on. Think about jobs in the mean time like Administration support or debt collection specialist that use some of the same skills while you look for that perfect fit job.
Remember it's better to start planning now, it's not too late to make great financial decisions.
cxcsalmon
about 1 year ago
2 comments
I have made a lot of bad choices in my life, one being not finishing my Bachelor's. My most recent bad choice was moving myself and my 7-year old son to GA with the man I thought would be my husband. Since I have moved to GA I have not landed a job and I know it's in part because I didn't complete my education. My work history has been in the Financial Aid arena with Universities. I desire to become a well-rounded independent woman. If you have any advice, please help!!!
latiffney
about 1 year ago
10 comments
i've started a business, but iwas thinking to far a head i guess. i started but now i don't have the financil ability to advertise and market my business. what should i do?
danielwkwong
about 1 year ago
2 comments
Professor McDonnell:
Right on!!
I am supporting women issues myself and being a single parent, my daughter, Cassandra,
is proudly entering her first year for her Buisness Economics at University of California,
Irvine. Hopefully, she will graduate in 2011.
Meanwhile, I have just been recruited Expert Speaker by Vistage International which is
a CEO organization based in San Deigo.
I have just been conferred Community Leadership Award by Wells Fargo Bank and
United States Pan Asian American Chamber of Commerce (DC) and Inevstment News
and Invest in Others Charitable Foundaiton has also nominated me for Community
Services Award on April 17, 2008.
WEB: www.drkwong-eworld.com
Mail:
Dr. Daniel W. Kwong , FHKIODF , FAPS
P.O. Box 3665
Alhambra, Ca 91803
USA
E-Mail: ghh_dwk@sbcglobal.net
Business: (626) 293-3053