PROFIT Magazine has just published its 2007 list of Canada’s top 100 women-owned businesses.
You can view the whole list here.
I've often been asked what purpose this list serves. Unlike performance-based lists such as the PROFIT 100 (ranking companies by five-year growth) or PROFIT’s Hit 50 (ranking new companies by two-year growth), or even the growth-oriented Entrepreneur of the Year, the W100 lists businesses based on size (i.e., annual sales revenue).
Among other things, this makes the list predictable: Rebecca MacDonald’s Energy Savings Income Fund tops the list for, I don’t know, the fourth year in a row?
But here’s why I think it’s important, and why I credit PROFIT for continuing this project long after two of its sister magazines, with many more resources, walked away from it.
1) Women owners of substantial businesses are still a fairly new force in society. Chronicling the growth, evolution and increasing diversity of these firms is an important social project.
2) It's an inspiring list of role models that helps other entrepreneurs realize there are more ways to get to the top than through the Old Boys' Club of Bay Street.
3) There are legitimate questions about whether women treat business or manage organizations differently from the way men do. PROFIT’s research focuses on the W100’s management techniques – bringing their business philosophies and best practices into the spotlight for all to see and learn from. (Even the men!)
You can read about the W100’s best HR tips and tactics here.
Learn from their positive approach to building productive banking relationships.
And check out how W100 leaders are using their business skills to give back to society – and why it's also good for growth.