I was homeless for two years before starting my own business - now I'm worth £208million

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'I was homeless for two years before starting my own business - now I'm worth £208million'

I was homeless for two years before starting my own recruitment business – now I’m worth £208millionPENNY Streeter, 52, is a managing director and lives in Cape Town and West Sussex, with husband Nick, 65, who works for the family business.

I had no furniture – just two deckchairs from my mum – and my two kids Adam, then six, and Giselle, two, to look after. I felt hopeless. We were staying at my mum’s but there weren’t enough rooms, so the kids and I ended up in emergency accommodation after spending two weeks with her.Despite her success, Penny admits to being too wary to spend money at first after her experience of povertyI was on benefits and Douglas couldn’t afford to pay child maintenance, so it was my only option.

Luckily, the kids were too young to realise what was happening, but I’d just think: ‘What do I do?’ I could never treat them to new toys, which made me feel incredibly guilty.Bossing It is Fabulous’ series about ordinary women who have launched incredible businesses.Thesun.co.uk/topic/bossing-itWe lived on the top floor of a block of flats, so I had to drag the buggy up three flights every day. I felt like a failure, but I stayed as positive as I could for the kids.

I’d call people non-stop to get the word out, plus we put on kids’ discos at the weekend to earn extra money, and put every penny into the business.Penny married Nick in March 2009, who she describes as 'a great stepdad' to her three now grown-up kidsWe worked hard and it was successful. Not long after, I met Nick on a rare night out. Within a year, I’d moved into a rented flat with the kids and by June 1996, the business had turned over £1million.

 

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Pardon

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