Tamara Monosoff - Secrets of Millionaire Moms: Learn How They Turned Great Ideas Into Booming Businesses and How You Can Too!

Praise for
Secrets of Millionaire Moms

"Tamara gives the equivalent of an MBA in digest form
for women entrepreneurs! Her choice of subjects provides
true life 'case studies' that demonstrate what it takes
to succeed in business while having balance in life and the
ability to create good will and generosity of spirit in sisterhood.
Tamara is a true asset that deserves recognition
for being a wonderful role model herself!"

BARBARA J. FRIEDMAN, PRESIDENT OF LICENSING,
LIZ CLAIBORNE, INC

"Every woman should use this book as her guide
to starting and growing a businesseven if she isn't a 'mom.'
The book inspires you to great vision and then gives you
the practical, day-to-day advice on how to turn
that vision into reality. Plus it is the first book
I have read that deals realistically with the challenges
of combining family and business opportunities."

SHARON G. HADARY, EXECUTIVE DIRECTOR,
CENTER FOR WOMEN'S BUSINESS RESEARCH

"Tamara has magnificently blended inspirational real-life
stories from remarkable women with critical business skills
such as creative marketing and fund raising.
I repeatedly caught myself reading ahead to see what came next."

JULIE GARELLA, DIRECTOR OF CLIENT DEVELOPMENT,
CITIGROUP CAPITAL STRATEGIES

Also by
Tamara Monosoff

The Mom Inventors Handbook:
How to Turn Your Great Idea into the Next Big Thing

SECRETS of MILLIONAIRE MOMS

LEARN HOW THEY TURNED GREAT IDEAS INTO BOOMING
BUSINESSES AND HOW YOU CAN TOO!

TAMARA
MONOSOFF

Copyright 2014 by McGraw-Hill Education. All rights reserved. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without the prior written permission of the publisher.

ISBN: 978-0-07-150968-8

MHID: 0-07-150968-2

The material in this eBook also appears in the print version of this title: ISBN: 978-0-07-147892-2, MHID: 0-07-147892-2.

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To my husband and dearest friend,
Brad,
and to our precious daughters,
Sophia Colette
and
Kiara Lauren

Contents

The Fear Factor: Overcoming Anxiety about Money,
Failure, and Success

Profiles: RACHEL ASHWELL DEBI DAVIS

What's Your Living Dream? Make It Come True

Profiles: JEANNE BICE LANE NEMETH

Businesses without Borders:
Creative Structuring and Marketing

Profiles: MARIA DE LOURDES SOBRINO MAXINE CLARK

Money Matters: Raising Capital

Profiles: KAREN BELASCO TERI GAULT

The Extreme Sport: Juggling Family and Business

Profiles: KATHY GENDEL JULIE CLARK

Managing Your Assets: Money and People

Profiles: TOMIMA EDMARK MADELYN ALFANO

Finding Strength:
Overcoming Adversity and Giving Back

Profiles: VICTORIA KNIGHT-MCDOWELL MARY MICUCCI

Achieving Success: What Does It Take?

Profiles: LILLIAN VERNON TERRIE WILLIAMS DEANN MURPHY

Acknowledgments

The success of this project has been dependent on the wisdom, support, talent, and commitment of many people, on both a personal and professional level, to whom I am deeply indebted.

The impetus for writing this book came from the overwhelming response of thousands of women who are part of our www.mominventors.com community, as well as women everywhere who seek to create better lives for themselves and their families.

That is why I wish to express my deepest appreciation and gratitude to the extraordinary women profiled in this book. Not only did they offer their precious time, but while doing so, they shared their wisdom, knowledge, and struggles in transforming their dreams into thriving businesses. Their contributions were truly gifts from the heart... for everyone's benefit.

Once again, my family has proved to be an unceasing, continuous resource of love and support. My mother and father, Geraldine and Harris Monosoff, continue to be my inspiration and guiding angels words fail to describe what they mean to me.

Through her endless generosity, my sister Dana redefines the meaning of "support." Each of my siblings and their spouses has instantly stepped forward when I needed them most. Scott and Tia each offered valuable comments on drafts. I am especially grateful to Christopher Dworin, whose detailed comments improved every chapter of this book.