Mother & Daughter, Inc.

A young woman working on the computer with her older mother

Mother & Daughter, Inc.

As Mother’s Day approaches, we celebrate the unique relationship between mothers and daughters in business. Undoubtedly, the connection between a mother and daughter can be a strong bond. Mothers are often there to advise during difficult times, while daughters represent the ambitions of the next generation. When mothers and daughters unite over a shared passion, their dynamic can fuel incredible success.

Acknowledging the impact of this bond on entrepreneurship, it’s also important to consider the broader landscape of women-owned businesses. In recent years, they’ve been driving economic growth, representing 39% of all businesses – over 14 million – employing 12.2 million workers, and generating $2.7 trillion in revenue. According to the 2024 Wells Fargo Impact of Women-Owned Business Report, the number of women-owned businesses between 2019 and 2023 increased at nearly double the rate of those owned by men. These statistics underscore the resilience and determination of women entrepreneurs.

Against this backdrop of economic success, partnerships between mothers and daughters in business take on even greater significance. From iconic brands to promising startups, there are many examples of successful mother-daughter collaborations.

Consider Estée Lauder and her daughter-in-law, Evelyn Lauder, who transformed a cosmetics company into a global powerhouse. Their shared vision and dedication not only propelled the brand’s success but also resulted in the creation of the Pink Ribbon Campaign, which became a symbol of support for breast cancer survivors.

Jewelry designer Carolyn Rafaelian’s entrepreneurial spirit laid the foundation for Alex and Ani, a brand synonymous with empowerment and positivity. Daughter Giovanni Feroce joined to spearhead the company’s growth and champion community engagement. Their partnership revitalized the brand and set a new standard for purpose-driven entrepreneurship.

Beyond joint ventures, mothers often have a strong influence on their daughters’ careers. Oprah Winfrey was inspired by her mother Vernita Lee’s resilience. Stella McCartney drew inspiration from her mother Linda McCartney’s creative spirit and activism. And Malala Yousafzai, the youngest Nobel Prize laureate, was deeply influenced by her mother, Toor Pekai Yousafzai, who instilled in her a passion for education and advocacy for girls’ rights.

In addition to these contemporary examples, history is full of influential mothers and daughters who worked together. One notable example is Marie Curie and her daughter Irène Joliot-Curie, who jointly conducted research in the field of radioactivity. Their efforts led to significant advancements in science and earned them both Nobel Prizes – Marie in Physics and Irène in Chemistry. Similarly, the pioneering suffragists Elizabeth Cady Stanton and her daughter Harriot Stanton Blatch worked together to secure women’s right to vote. Their activism and advocacy laid the foundation for generations of women.

As Mother’s Day draws near, let’s honor the mothers who’ve not only nurtured their daughters’ dreams but also paved the way for their success. Whether through collaborative ventures or personal example, the bond between mothers and daughters empowers future generations of women in business. Happy Mother’s Day to all who shape our world with love, tenacity, and inspiration.