My first million: Sally Preston, Babylicious

Despite an initial run of bad luck, a combination of high quality and convenience turned out to be a winning formula for Sally Preston's baby food business.

There are many reasons to set up your own business but you won't find Sally Preston's featured in any inspirational manuals for entrepreneurs. In 2001, having just come through an acrimonious divorce, the food technologist found herself battling skin cancer. "I had this idea and thought life's pretty bad as it is already, what have I got to lose?"

Her idea was simple: better baby food. "If you give your child the best food, you've lovingly cooked it, peeled it, pured it, put it in an ice-cube tray and then you froze it." The trouble is, that takes a lot of effort. As she points out, pre-prepared foods might have been of relatively poor quality, but they were convenient. "So what I did was try and break the link between poor quality and convenience."

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Jody Clarke

Jody studied at the University of Limerick and was a senior writer for MoneyWeek. Jody is experienced in interviewing, for example digging into the lives of an ex-M15 agent and quirky business owners who have made millions. Jody’s other areas of expertise include advice on funds, stocks and house prices.