mompreneurStatistics indicate that no more than 15 percent of individuals who dare become entrepreneurs succeed. Eighty-five percent lose their investments and end up going back to employment (if they are lucky to find a job waiting for them). You can have a better chance at being in the successful 15 percent if you have a real passion for your chosen business and if you apply the tips in the gallery below.

 

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(First published in Good Housekeeping Magazine, Money Wisdom section as "Business Mom" in April 2010; adapted for use in Female Network. Photo by Greg Peverill-Conti via Flickr Creative Commons)

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