Stories of homemakers. who, in spite of having no prior experience in business, managed to build successful empires defying all stereotypes are featured in a new book: Homemakers became millionaires
The women featured in “Millionaire Housewives: From Homemakers to Wealth Creators” are different. Both in the circumstances that pushed them towards entrepreneurship and in the challenges they had to face in their journey. Let’s see how homemakers became millionaires
Homemakers Became Millionaires
If for Savita Chhabra, vice chairperson of Hygienic Research Institute Pvt. Ltd. – entrepreneurship happened on account of unfortunate events striking her hitherto secure world. For Ambika Pillai, one of the most well-known names in the world of hair and beauty. -It was the need to be financially independent that led her down this path.
For others, like celebrity chef Nita Mehta. entrepreneurship was the result of a niggling sense of wanting to do something beyond her traditional role as a homemaker.
From being first-generation entrepreneurs to taking on the challenge of running a business legacy despite their inexperience, there is a range of stories in the book, written by Rinku Paul and Puja Singhal and published by Penguin India.
The stories are also varied in the fact that they take place in myriad industries, from those thought to be more woman-oriented to those which were considered absolute male bastions.
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According to Chhabra, she faced a lot of trust issues in the beginning. But being a female entrepreneur comes with its own set of advantages.
“I believe the strong emotional connection I have been able to build with my teams can be put down to my being a woman and the empathy that comes with it,” she says.
For Pillai, her biggest learning as an entrepreneur has been that one cannot just sit back and look at the creative aspect of the business alone without worrying about the financial aspect.
“I believe that handling money doesn’t come very easily to creative people sometimes. We are happy to hand over this responsibility to someone else. The fact is, we need to be far more astute financially. this is the only way we can safeguard our own interests,” she says.
The biggest milestone in her career. Mehta says, is when you reach the age of 18. When her son expressed his desire to join her business.
“I must confess that most people discouraged him. Some even openly make fun of him. She says that as a man he would not want to be associated with the business of cooking,” she says.
Veena Kumaravel is the CEO of Naturals Beauty Salon India Pvt Ltd. It has a turnover of over Rs 250 crore.
The most important thing for female entrepreneurs is not to let fears and guilt stop them from living their dream.
“If you are passionate about something, then you should definitely pursue it,” says Veena Kumaravel