Kim Levine , the inventor of Wuvits or those little bags that provide soothing penetrating moist heat, has written a compelling account of how she started her business and all the ups and downs she experienced.

Her book “Mommy Millionaire: How I Turned My Kitchen Table Idea into a Million Dollars and How You Can Too!” is a very good read if you want to learn what it is really like to turn a business into a success. I like the book because it is not self-serving and not one of those “I-am-great-hear-me-roar” ode to self. Instead, you’ll read about her desperation when she made a fatal mistake that led to near-bankruptcy to her efforts to revive her business, even driving 5 hours to stores selling her products so she can do an in-store demonstration in the hopes of increasing sales.

In one of the sections, she wrote about her 10 rules for doing business, and these are:

  1. Don’t apologize for being a mom.
  2. When dealing with someone in business, always ask yourself, “What’s in it for them?”
  3. Pay your attorney for advice only. Most of the paperwork you can do yourself (including setting up your corporation, registering your trademarks, and even writing your own patent).
  4. Find a mentor. Having someone who’s “been there and done that” can really help you get through tough times and understand it’s part of the territory.
  5. Remember that nobody ever got rich by spending money, and understand what overcapitalization is and how to avoid it.
  6. Have a story. Everybody loves a good story.
  7. Create a pitch and cold-call! Nothing has been more effective for me than cold calling major accounts.
  8. Realize that everything happens for a reason. Accept challenge, conquer it, and learn from it.
  9. Learn the “$20,000 Rule”: what it really takes to fund even the smallest business start-up.
  10. Believe in yourself!




Photo of author
Author
Isabel Isidro
Isabel Isidro is the Co-founder of PowerHomeBiz.com, one of the longest-running online resources dedicated to helping aspiring entrepreneurs start and grow home-based and small businesses. She is also the Co-Founder and CEO of Ysari Digital, a digital marketing agency specializing in SEO, content strategy, and performance marketing for small and mid-sized businesses. With over two decades of experience in online business development, Isabel has launched and managed multiple successful websites, including Women Home Business, Starting Up Tips and Learning from Big Boys.Passionate about empowering others to succeed in business, Isabel combines real-world experience with a deep understanding of digital marketing, monetization strategies, and lean startup principles. A mom of three boys, avid vintage postcard collector, and frustrated scrapbooker, she brings creativity and entrepreneurial hustle to everything she does. Connect with her on Twitter Twitter or explore her work at PowerHomeBiz.com.

6 thoughts on “Mom Entrepreneurs: 10 Rules for Doing Business”

  1. Great tips for at home moms and work at home dads the same. I’ve gained some new knowledge reading your post. And I’m a work at home dad… 🙂

  2. Great tips for at home moms and work at home dads the same. I’ve gained some new knowledge reading your post. And I’m a work at home dad… 🙂

Comments are closed.

Share via
Share via
Send this to a friend