I got a unique opportunity this week to help some amazing women. These women help other women, like me to start and operate businesses by giving them direct access to the tools they need to succeed. I am so amazed by their accomplishments, and I look forward to their conference.
I started thinking about what the atmosphere in Utah looks like for the Woman-Owned Business. Progress has been made, but I found the statistics disturbing and really see the need for mentors like the amazing women of Women’s Leadership Live (womensleadershiplive.com)Women’s Leadership LIVE (WLL), creates a place for learning, collaboration, guidance and understanding called THE Different CONFERENCE©. WLL’s attendees are business leaders who get things done. Inspired and empowered women who are catalysts for change. WLL has three great
women leaders:
- CEO Linda McMahon is the Co-founder and former CEO of World Wrestling Entertainment (WWE) and a former Republican Party candidate
- Stacey Schieffelin, is a former FORD model and founder of ybf (your best friend) beauty, #1 selling color cosmetics line offered on TV shopping channels worldwide
- Debbie Saviano, transformed herself from a former school principal to a social media strategist.
THE Different CONFERENCE© is coming to Salt Lake City, Utah on October 13-15 and is the premium event for Women Business owners to attend. The keynote speaker for THE Different CONFERENCE© is none other than Kevin Harrington.
Kevin Harrington has been a successful entrepreneur for the last 40 years. He is an Original Shark on the ABC hit, Emmy-winning TV show, “Shark Tank.” He is also the Inventor of the Infomercial, As Seen On TV Pioneer, Co- Founder of the Electronic Retailers Association (ERA) and Co- Founder of the Entrepreneurs’ Organization (EO).
The Women’s Leadership LIVE business leaders are ready and able to help Women-Owned Businesses in Utah.
The “Wasatch Front” has some amazing women business owners. I have lived in Utah my entire life, born in a small town on a farm, in Morgan, and raised by my mother, who was a single mom raising four children. In Morgan, Utah it is difficult to find diversity, and even more difficult to be different. Morgan is a small, predominately Mormon, town, in which there are certain expectations of the role of a woman. Men are regarded very highly in the Mormon religion. Women in Morgan are expected to be a homemaker, handling all of the responsibilities of taking care of a loving home.
On average, along the “Wasatch Front”, women own 36% of the businesses and make 29% of the earnings their male counterparts do.
Navigating to American Fact Finder, and utilizing a small learning curve allowed the metrics to be downloaded and aggregated. "Wasatch Front" was not a census distinction, so Davis County, Salt Lake County, Summit County, Utah County, and Weber County were chosen. I realize that the last Census was done in 2010 and these are just estimates for 2014 but in my mind are fairly accurate for estimates. (See note below for more information about data)
| Male | Female | Percentage of Women Business Owners relative to Men Business Owners |
Percentage of Women Business Owner Earnings relative to Men Business Owner Earnings |
|||
| Male Business Owners |
Median Earnings (dollar) Estimate |
Female Business Owners |
Median Earnings (dollar) Estimate |
|||
| Davis County, Utah | 6,898 | $96,248 | 4,326 | $29,810 | 39% | 24% |
| Salt Lake County, Utah | 28,491 | $87,029 | 15,428 | $36,482 | 35% | 30% |
| Summit County, Utah | 2,228 | $118,432 | 1,083 | $66,950 | 33% | 36% |
| Utah County, Utah | 13,048 | $89,463 | 7,709 | $26,598 | 37% | 23% |
| Weber County, Utah | 5,208 | $76,861 | 3,048 | $31,579 | 37% | 29% |
| Total | 55,873 | $468,033 | 31,594 | $191,419 | 36% | 29% |
A bar graph of this data shows the following for the number of businesses in these counties:
 |
| 2014 Census Data - Business Owners by County in Utah |
The Women’s Leadership LIVE (WLL), in particular, The Different CONFERENCE© allows Women-Owned businesses to have access to tools and mentors that have been very successful in their business endeavors. Please register for the conference now at womensleadershiplive.com.
NOTE ABOUT DATA: Women-owned businesses, as defined by the U.S. Census, are businesses in which women own 51 percent or more of the equity, interest, or stock of the business. Men-owned businesses are defined as men owning 51 percent or more of the equity, interest, or stock of the business. Equally men-/women-owned businesses those in which the equity, interest, or stock of the business is shared 50-50 among men and women owners. Publicly held, foreign-owned, and non-profit businesses are not included in this data.
All calculations are based on the SBO 2012 classification of "all firms classifiable by gender, ethnicity, race, and veteran status" rather than "all firms." Therefore, "publically held and other firms not classifiable by gender, ethnicity, race, and veteran status" are not taken into account in the current calculations.
The data came from the S2408: CLASS OF WORKER BY SEX AND MEDIAN EARNINGS IN THE PAST 12 MONTHS (IN 2014 INFLATION-ADJUSTED DOLLARS) FOR THE CIVILIAN EMPLOYED POPULATION 16 YEARS AND OVER. 2010-2014 American Community Survey 5-Year Estimates.
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