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Women Millionaires Tell How They Did It

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.

Em0307_jbriggs01_max200w

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.”


+8
  • Ice_max50

    gogreen

    about 1 year ago

    2 comments

    Sounds like Briggs had a very smart "then husband!"

  • Picture_006_max50

    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.

  • Photo_user_blank_big

    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?

  • Photo_user_blank_big

    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.

  • Photo_user_blank_big

    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!!!

  • 2-16-2008-20_max50

    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?

  • Dr

    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

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