Entrepreneurship requires dedication, commitment, organization, creativity and resourcefulness. Most mothers just happen to possess all of these qualities, which are transferable to business.
Mothers may not run the majority of Fortune 500 companies, however, they do run many small businesses, with excellent startups a part of the mix. And with mothers having to make difficult decisions all day every day, it comes as no surprise that they can easily call the shots in business when presented with the opportunity.
While balancing home life with the professional load of entrepreneurship can be extremely hard, many mommies make it look effortless. Let's look a few moms that have risen to the occasion.
As the creator and founder of Carol's Daughter, a beauty product line, Lisa Price has garnered customers that include celebrities Will and Jada Smith. Consisting of lotions, body butters, shampoos and conditioners, Price started small by manufacturing her own product out of her kitchen prior to opening her first store in New York.
With distribution deals with Macy's and Sephora, Carol's Daughter sales approached $50 million. Being a mother to three and running a business isn't easy, but Price makes it appear simple. In the urban community, Carol's Daughter has become a household name.
Known as the author of the Harry Potter book series, J.K. Rowling was a single mom on public assistance at one time. Now she is one of the most famous writers of modern time. Her books have consistently been on bestsellers lists around the world. The Harry Potter books have been portrayed in movies as well as at theme parks. Rowling has risen beyond a write, building a business and a solid brand all while being a mother.
Caroline Freedman & Laurent McCollough
Caroline Freedman and Laurent McCollough used the experience of motherhood to create organic baby food products called NurturMe. They wanted a product that was not full of preservatives and additives, coming up with a product consisting of organic fruit and vegetables. With stores such as Target and Whole Foods carrying the product nationally, sales have gone through the roof. They are a prime example of how to create a business by fulfilling a need in the marketplace.
Tracy Reinhardt & Nikki Halbur
Who doesn't love chocolate milk? Tracy Reinhardt and Nikki Halbur turned a childhood favorite into an adult favorite with the addition of vodka. Since both women were mothers, they could truly appreciate the need to wind down and relax after a long day. Putting their professional backgrounds to great use by starting a business of their own, the Adult Beverage Company was born.
As a California schoolteacher, Knight-McDowell found herself frequently catching colds from her second-grade students. She and her husband developed a natural ingredient formula to strengthen her immune system in an effort to prevent those pesky colds. Her company, Airborne, was literally born out of solving a personal problem.
Motherhood had prepared Knight-McDowell for the challenges of the business world as drugstores such as Rite-Aid and CVS began to carry Airborne. According to Knight-McDowell, annual sales reached $100 million before she sold the company.
Liz Lange is the founder of Liz Lange Maternity wear. With a desire to create stylish maternity clothes that were fashionable, she created fashions that ultimately fit the goal. Not only did she impress mothers to be with her catalog and website, Lange caught the eye of Target, Nikon and Nike. After giving birth and hitting annual sales of $200 million, she sold the company.
Affectionately known as a shark because of her presence on the television show "Shark Tank," Barbara Corcoran holds her own with men in that arena. Frequently out-negotiating her colleagues, she is respected and revered as a formidable opponent.
As the founder of The Corcoran Group, Corcoran sold a company in 2001 for $66 million. As a mother of two, an author of three books, a business investor, and a real estate consultant on the "Today Show," she demonstrates how it should be done.
Motivating and captivating, these women are real life examples that dreams do come true with hard work and commitment, even as a mommy.