
Source: blog.apartmentsearch.com
Source: blog.apartmentsearch.com
While women have certainly made strides in many areas of the business world, when it comes to entrepreneurship, a significant gender gap remains. Around 10.2% of women between ages 18 and 64 are new entrepreneurs, a rate around three-quarters that of men, according to the 2018-2019 Womenâs Report from The Global Entrepreneurship Monitor. Though thereâs clearly still room for growth, women who are starting their own businesses have the opportunity to take ownership of their long-term financial goals, including how much they sock away in a savings account. But not all locales are equally conducive to their success. As such, SmartAsset sought to uncover which metro areas are best for women entrepreneurs.
To do this, we compared 50 of the largest metro areas across the following metrics: number of female-owned businesses, percentage of businesses owned by women, women-owned businesses as a percentage of businesses with greater than 500 employees, new businesses as a percentage of total businesses, new business applications in 2020 relative to previous years, percentage of businesses that had profits or broke even, startup survival rate, women-to-men pay ratio, 2019 female unemployment rate and September 2020 unemployment rate. For details on our data sources and how we put all the information together to create our final rankings, check out the Data and Methodology section below.
This is SmartAssetâs second study on the best places for women entrepreneurs. Read the 2019 version here.
Key Findings
1. Minneapolis-St. Paul-Bloomington, MN-WI
For the second consecutive year, the Twin Cities metro area of Minnesota-Wisconsin is the best place in the country for women entrepreneurs. The unemployment rate for women in this area was 1.8% in 2019, the lowest rate for this metric in the study. Furthermore, 84.49% of businesses in the Minneapolis area had a profit or broke even in 2017, the second-highest percentage across all metro areas we analyzed. Women-owned businesses make up a little less than 3% of all businesses with greater than 500 employees in this metro area. While relatively low, that figure is actually the eighth-highest percentage for this metric in the study.
2. Los Angeles-Long Beach-Anaheim, CA
The Los Angeles-Long Beach-Anaheim, California metro area, which includes parts of Orange County, is the No. 2 place in the nation for women entrepreneurs. Due in part to its large population, Los Angeles area has 64,632 women-owned businesses overall, the second-highest number for this metric in the study (behind only the New York City metro area). Los Angeles also ranks ninth out of 50 in terms of the percentage of businesses that are owned by women, at 20.99%, and third out of 50 in terms of women-owned businesses as a percentage of businesses with greater than 500 employees, at 3.20%.
3. Atlanta-Sandy Springs-Alpharetta, GA
There are also a substantial number of women-owned businesses in the Atlanta metro area. The raw total is 24,130, sixth-highest in the study, and that represents 21.92% of all businesses, the fourth-highest in the study. Women in the Atlanta area earn 76.79% as much as men, the 12th-best rate for this metric across all 50 metro areas we analyzed. The metro area also benefits from the fact that Georgia ranks first for the number of new state-wide business applications in 2020 relative to the previous five years, at 142.77%.
4. Denver-Aurora-Lakewood, CO
New businesses represent 10.22% of all establishments in the Denver-Aurora-Lakewood, Colorado metro area, the third-highest percentage for this metric in our study. A lot of the establishments in the area at least break even, too â 83.90% to be specific, the seventh-highest percentage we observed for this metric in the study. The Denver area also ranks seventh-best for the percentage of businesses that are owned by women, 21.78%.
5. Sacramento-Roseville-Folsom, CA
Sacramento is the capital of California, and the metro area around the city takes the No. 5 spot in terms of the best places to be a woman entrepreneur. The Sacramento-Roseville-Folsom metropolitan area saw 84.70% of businesses either turn a profit or break even in 2017, the highest percentage we observed. The startup survival rate in California is 81.33%, placing the Sacramento area fifth in that metric. New businesses in the area represent 9.10% of all businesses, good for 12th overall.
6. Tampa-St. Petersburg-Clearwater, FL
Women in the Tampa-St. Petersburg-Clearwater, Florida metro area earn 79.68% as much as men, the sixth-best ratio of the metro areas included in this study. Tampa also benefits from the fact that Florida fares well in terms of new businesses created in 2020 (a state-wide metric): The total new business applications filed this year is 113.42% of the average filed over the past five years, the ninth-highest rate. Tampa also finishes in 11th place out of 50 for both unemployment metrics we measured. The unemployment rate for women in 2019 was 2.4%, and the overall unemployment rate in September 2020 was 6.1%.
7. Seattle-Tacoma-Bellevue, WA
There are 17,724 businesses owned by women in Seattle-Tacoma-Bellevue, Washington metro area, ranking 10th of 50. That figure represents 21.25% of all businesses in the Seattle metro area, the eighth-highest percentage in the study. The pay gap in Seattle, though, remains large. Women earn just 68.21% as much as men there, placing the area 46th out of 50 for this metric.
8. Charlotte-Concord-Gastonia, NC-SC
The Charlotte-Concord-Gastonia, North Carolina-South Carolina metro area comes in at No. 8. Women-owned businesses make up 3.26% of all businesses with greater than 500 employees. The only other metric for which the Charlotte area finishes in the top 10 is the percentage of businesses that broke even or turned a profit, coming in ninth at 83.14%. The area has just 8,581 female-owned businesses, putting it near the middle of this list at 24th out of 50.
9. Miami-Fort Lauderdale-Pompano Beach, FL
In the Miami-Fort Lauderdale-Pompano Beach, Florida metro area, there are 36,496 businesses owned by women, representing 21.88% of all the businesses in the metro area. That places Miami in fourth and fifth in those two metrics, respectively. The Miami area hasnât been doing well in terms of employment lately, though. The unemployment rate in September 2020 was 10.1%, in the bottom five of this study. That said, the metro area ranks fifth out of 50 for women-owned businesses as a percentage of businesses with greater than 500 employees (3.17%). Furthermore, it ranks ninth overall for the statewide metric of new business applications in 2020 relative to previous years (113.42%) and third overall for women-to-men pay ratio (81.19%).
10. Dallas-Fort Worth-Arlington, TX
The final area in the top 10 of this study is Dallas-Fort-Worth-Arlington, Texas. There are 24,383 businesses in the area owned by women, the fifth-highest rate for this metric in the study. Of the businesses in the metro area with more than 500 employees, 3.19% of them are owned by women, which is the fourth-highest percentage for this metric across the 50 areas we analyzed. A lot of businesses in the area donât fare as well as they would probably like, though: Only 79.42% break even or turn a profit, 44th out of 50 in the study. However, the metro area ranks sixth overall for the statewide metric of new businesses as a percentage of total businesses, at 9.54%.
Data and Methodology
To find the best metro areas for women to be entrepreneurs we compared 50 of the largest metropolitan areas in the country across a number of metrics. Though weâve done this study in previous years, we added two metrics this year to give more timeliness to our results: new business applications in 2020 compared with the average of the previous five years, and the unemployment rate in September 2020. Here are all the metrics we used:
First, we ranked each metro area in every metric. We then found the average ranking for each metro area, giving a full weight to all metrics except for the two new business metrics and the two unemployment metrics, all of which received a half-weight. We then came to a final ranking based on these averages, with the top metro area receiving an index score of 100 and the bottom metro area receiving an index score of 0.
Tips for Entrepreneurs
Questions about our study? Contact press@smartasset.com.
Photo credit: ©iStock.com/alvarez
The post Best Places for Women Entrepreneurs â 2020 Edition appeared first on SmartAsset Blog.
Source: smartasset.com
Sometimes the need to redecorate a room doesn’t line up with when the budget allows for a full makeover. In those times, it’s good to have a few budget friendly ideas to spruce up the space. These seven tips are things that can be done even when funds are tight.
The most budget friendly thing you can do when redecorating is to look for inspiration from the other rooms in your home. Often times, especially in larger homes, there are pieces of furniture and other décor that could be moved from one room to another to make a free update to the space. If you are thinking about updating your master bedroom, consider using pieces from your office, the living room, and even the outside patio. Taking a piece from another room can provide just the change you are craving in the space you want to update.
If you found a piece of furniture in another room that can work based on the shape and size, but it doesn’t quite match, consider painting the furniture. This is also a great option for updating old wood furniture that you’ve had in the room for years, or even furniture that you just found at a thrift store or rummage sale. Changing the color of furniture with spray paint is a quick and easy way to give it an entirely new look in less than a day’s time.
When determining if a piece of furniture can be painted, look for pieces that have good structure and very few flaws to the shape. When you paint, gouges and scratches can become more pronounced, so if you find a few imperfections, fill them with wood filler and sand them smooth before painting. If you are painting metal furniture, make sure to sand off any rust spots to ensure the rust doesn’t spread after you complete the makeover.
If you want to make a bigger impact in a space, consider investing in a can or two of paint. Many rooms can be completed with one can of paint, but for more drastic color changes (like from white walls to dark blue walls or vise versa), you may need two cans to allow for multiple coats to get the walls fully covered.
If you don’t want to paint the entire room, consider painting an accent wall to give it a pop of color. If you have more time than funds, you can invest a few hours, a quart of paint, and a roll of painters tape into making a design on a wall instead. You might add a single stripe, a chevron stripe, or some free-hand circles around the room. You can get creative with the accent designs to make the room as fun as you want it to be.
One of the biggest things you can do to keep a makeover project budget friendly is to have a plan and a little patience. Think about it like this: if your car dies and you need a new car, you are at the mercy of the people who are selling cars at that exact time. If you are able to plan ahead on the purchase of your new car, you have significantly more bargaining power because you don’t NEED to purchase it immediately. You can wait for a better price to come along.
The exact same thing is true when it comes to purchases for your home. If you are determined to buy things on a certain day, you are at the mercy of what’s available on that exact day in the shops you can get to. If you’re able to instead plan the project, decide what you are going to look for, and then purchase when you find the items at the right price, you are in a much better position to find bargain pieces.
Once you have your budget makeover plan in place, keep your eyes open for the perfect pieces everywhere you possibly can. Tour your neighborhood on the weekends to see if any of the neighbors are selling the perfect pieces on rummage sales. Search Craigslist and online rummage sale sites to catch when the items you need pop up for sale. Walk through thrift stores on a weekly basis and keep your eyes peeled for the perfect used items. And don’t forget to watch the clearance racks at your favorite stores to see what goes on super sale. I personally love walking through Target on the days they mark down their home décor items. It feels like a treasure hunt to find just the right throw pillows or wall art to fit my plan. When the items are on clearance, it’s an even bigger success knowing that I didn’t spend even close to full price on the perfect pieces.
If you are handy, or you have a friend who is familiar with electrical wiring, you may want to consider changing out the light fixtures in your home to quickly update the space. Having light fixtures that are decades old often means that they are in an outdated style or finish, which can make the entire space look out of date. By swapping them out with an eye catching light fixture that you found on sale or at a thrift store, you can make a big impact change in that one item. One of my favorite stores to check for items like light fixtures is the Habitat for Humanity ReStore. Many cities and towns that have a Habitat for Humanity program also have a Restore where they sell good quality home fixtures that have been removed from homes that were remodeled. It is a store where one man’s trash truly is another man’s treasure.
The final tip is definitely more hands-on, but can make a large impact in a room if you have just a little bit more money to spend and a weekend’s worth of time. Changing the flooring in a room can create a big change for not as much money as you are probably imagining.
Laminate flooring has come a long way in the last 5 years, and you can now buy a variety of great looking laminate flooring for less than $1/square foot. This lightweight, easy to install flooring can be printed with images of wood, stone, or other designs to give your room a totally new feel. Considering most bedrooms in homes are close to 12’ x 12’, that means you could change the flooring in a room for under $150.
If that is outside your budget, you still have options. Consider getting a large area rug to anchor the room. These are typically available at stores like Ross and Home Goods for $50 or less. Not only can they add a pop of color to your floor, but you can move them into new rooms if you ever feel like rearranging in the future.
Having a strict budget shouldn’t keep you from having a space that you love. For under $200 there are a number of quick changes you can make to your home. Mix and match a few ideas and you’ll be surprised at how quickly a little time and a few dollars can change the feel of your home.
Until next time, I’m the Domestic CEO, helping you love your home.
Source: quickanddirtytips.com
We all have our favorite small businesses, including our go-to date night restaurant and favorite thrift store. These places serve more than great food and looks â they build jobs in the community, put children through school, and are the realization of your neighborâs dream.Â
These stores are built on hard work and love, and supply some of the best quality products you can find. Small businesses are a great sign of a thriving economy, but theyâre also the first to suffer from economic downturns, like 2020âs COVID-19 recession. This is why itâs more important than ever to find ways to support your communityâs businesses.
There are many reasons why small business success is vital. Not just for the economy but for our communities. Thatâs why Small Business Saturday (November 28) is one of our favorite times of the year, and why we collected these ways you can support small businesses without breaking the bank (or leaving the house!).
Shopping small is the easiest way to support community businesses and clear your holiday list. Shopping locally doesnât have to drain your wallet, either.
Cards are a classic gift for any and all celebrations. Theyâre small, affordable, and easy to personalize. This year skip the grocery store and see what artists you can support while still getting beautiful and unique gifts for your family and friends.Â
Most cities will have galleries, boutiques, and even tourist shops that display locally printed and designed cards to choose from. If you donât have a shop near you, you can browse thousands of creators on Etsy to find the perfect design for each of your loved ones.Â
Gift cards are perfect for acquaintances, long-distance giving, and little acts of kindness every now and then. Instead of collecting Amazon and Starbucks cards, see what your local spots have to offer.Â
Most restaurants and stores offer a gift card option, and you donât have to waste the plastic! Send your gift via email to anyone, anywhere. So go ahead and thank your first mentor for their glowing reference with a gift card to their favorite coffee shop.Â
Itâs true that handmade products can get pricey, but youâre ultimately paying for quality. If youâre already pinching pennies for the holiday season, start thinking about next year. Buying gifts for loved ones as you find them throughout the year is the best way to collect beautiful gifts without using credit. Plus, small businesses can use the boost year-round.Â
Most of us have a budget that prevents us from buying a new wardrobe every month and eating out every weekday, so it just isnât feasible to buy from all of our favorite local artisans all of the time. That doesnât mean you donât love them, youâll just have to get creative to show your support from home.Â
When you do buy something new, take a photo! Sharing your favorite finds online and tagging the store is a great way to promote their products and quality to your friends and family. Even if youâre not buying, sharing a wishlist or their newest product could earn them another sale or new followers.Â
âI think people forget that their voice has influence, whether they are a huge celebrity or a humble stay at home mom. Itâs amazing just what one post can do for small business.â â Autumn Grant, The Kind Poppy
You should let the world know when you find a shop you love. From Google and Yelp to a company Facebook page, leave a review to let others know theyâre in good hands. Positive reviews are some of the best tools businesses have to convert sales.Â
âThese types [local] of businesses live and die by word of mouth. Their reviews are everything to them. Now that everyone can look up the average rating of a business or service, it’s vital for businesses to collect positive, honest reviews.â â Dan Bailey, WikiLawn Lawn Care
If you do leave reviews, detailed thoughts and photos perform the best. These give the consumer plenty of information and help your review seem authentic. Plus, reviews can help platforms like Etsy and Google know the business is valued.Â
Tell your friends when you find a new shop or service and share the love. Your friends trust you and likely have a lot of shared interests, so this word of mouth is a great way for businesses to earn customers.Â
âA referral is the single best compliment to a business owner. Trust me.â â Brian Robben, Robben Media
If you have friends and family from out of town you may also want to keep your favorite businesses in mind for when they visit. Keep a list of local restaurants, cafes, services, and shops that they canât get anywhere else and take your friends on a local tour.Â
Businesses have more ways than ever to keep you in the know, so make sure youâre subscribed to keep in touch! Newsletters and social media are a good way to keep your local faves and their promotional offers top of mind.Â
Most businesses send regular emails to notify you and other customers of their store details and deals. Newsletters are great ways to find coupons, sales, and new items youâll adore. Just subscribing isnât enough, though. Make sure you actually read their news and whitelist the email so you never miss a thing.Â
Social media is another easy way to stay in the know; it can also organically promote a business. When you follow a business, platforms learn more about who else may be interested in their offers. Stay active and like and comment on their posts, too, to increase their visibility and trust with other shoppers.Â
Ultimately, the best way to support a business is to stop by and visit. You never know when something will catch your eye, and itâs a great way to share your find with friends. You may also get the chance to talk with the owner and learn more about the business while sharing your support.Â
âDrop a note to them of encouragement. Tell them why you love them and what they mean to you and the community…We’ve been absolutely floored when people have taken time out of their day to write us a note, telling us how much they like us/our product.â â Meaghan Tomas, Pinch Spice Market
No matter the product or service, small business owners will appreciate hearing that you love their shop and can benefit from your support. Tag a friend, buy a gift card, or write a review to help your favorite stores without busting your budget.Â
Small Business Administration | G1veÂ
The post 9 Ways to Support Small Businesses Without Breaking the Bank appeared first on MintLife Blog.
Source: mint.intuit.com
When you think of big cities, Los Angeles, Chicago or New York likely come to mind. Salt Lake City â the capital of Utah â isn’t the most frequently talked about âbig city” in the country. That being said, it is up and coming and has a lot to offer those who are considering making the move.
While Utah is a predominantly conservative state with a strong religious culture, it offers a wide mix of neighborhoods. The charming neighborhoods scattered throughout the city are full of boutiques, small businesses and appealing restaurants that will make you want to eat out every meal.
Salt Lake City also has many schools â elementary through college and university â for people who are looking for a great education for their children or themselves. The city is also becoming more popular thanks to Silicon Slopes, the tech hub just south of the city center. The cost of living in Salt Lake City is relatively inexpensive when compared to larger cities, too.
There are always pros and cons when moving to a new city. Here are 10 things to know about living in Salt Lake City before you make your decision about moving to the Beehive State.
Salt Lake City experiences all four seasons. People who live here often joke that the weather changes every 20 minutes. It can be freezing and snowing in the morning and then hot by noon. Some of the ski resorts have even been open on the Fourth of July! People can ski in the morning and spend the afternoon soaking by the pool.
Each season offers something truly fantastic for residents of Salt Lake. The winters are filled with crisp, white snow and brisk air. Fall is perfect for light jacket weather, and the changing leaves are spectacular in every canyon. Spring welcomes a much-needed break from the cold with perfect temperatures and beautiful blooming flowers. The summer comes all at once, hot and blistering making you long for the cold winter days. But no matter the season, S.L.C. is always beautiful.
Compared to large, metro cities across the nation, the cost of living in Salt Lake is relatively inexpensive. The average rate for rent of a one-bedroom apartment dropped 11 percent between 2019 and 2020. Here’s a quick look at 2020 apartment costs in S.L.C.:
Other utilities and expenses, such as food, gas and groceries, are all reasonably priced in Salt Lake City, too.
To understand the culture of Salt Lake City and Utah, you have to know a little about its history. In the year 1847, a group of Mormon pioneers trekked to Utah pulling wagons and handcarts and settled in the valley. For the next several decades, many more wagons full of Mormons followed as they escaped religious persecution back East. Because of this, the majority of residents in Utah are Mormon or have a family history rooted to the LDS church.
That being said, there are still plenty of other religions in the state. Salt Lake City is an ever-changing place with hip, up-and-coming liberal areas, such as Sugar House and nearby resorts like Park City. The city has also recently been named one of the best places for millennials in the country.
Conservative or not, there’s a spot for you in Salt Lake City.
Green Jell-O may be the first thing that comes to mind when you think about the food in Salt Lake City. However, Salt Lake City boasts a diverse restaurant scene. You can find anything from Mexican food to French bakeries to authentic Japanese food within a block from each other.
Restaurants like Sapa in downtown Salt Lake put a modern twist on Japanese favorites. If you’re in the mood for a café where you can sit down, drink coffee and pretend you’re in Paris, try Eva’s Bakery located on Main Street in the heart of the city. Their pastries never disappoint. Or, try the nationally acclaimed Mexican restaurant Red Iguana.
Utah also has food that can’t be found anywhere else, such as fry sauce. The delicious blend of ketchup and mayo is the perfect fry accessory and will leave you wondering why you can’t find it elsewhere.
When driving through S.L.C., you’ll probably stumble upon a license plate that reads âThe Best Snow on Earth.” That’s because, among other things, Utah is known for its incredible mountains and ski resorts. Every year, the mountains get an abundance of powdery snow. According to Ski Utah, the Utah Cottonwood Canyons are one of the snowiest places on earth. The weather and climate in Utah create the perfect powder that makes your skis glide down the mountain flawlessly.
One of the best things about skiing in Utah is that the resorts are all relatively close to Salt Lake City, and there are a lot to choose from. Places like Deer Valley Ski Resort bring in people from all over the world â this was one of the ski resorts that hosted the 2002 Winter Olympics.
Although this particular resort doesn’t allow snowboarders, there are plenty of other resorts that do, like Brighton. Ski season can last anywhere from November to late April and sometimes even longer. If you like outdoor activities in the winter, you’ll love living in Salt Lake City.
When people aren’t skiing the mountains, they’re hiking them as Salt Lake City is close to a lot of trails â give or take 30 minutes from the city center to the top of the canyon and trailheads. There are moderate trails, such as Neffs Canyon, that are dog friendly to more difficult trails like Mount Olympus. These trails make for a great way to spend your spring afternoon. Hike in the morning and watch the sunrise â or midday and take a second to enjoy the view.
Utah’s sports scene includes some professional teams, several minor league outfits and colleges to support. In the heart of downtown Salt Lake City is the Jazz â the state’s NBA team. Catch a game during the season and watch stars like Donovan Mitchell and Rudy Gobert in action.
If basketball isn’t your thing, check out a soccer match and cheer on Real Salt Lake. Other sports teams native to Utah are the baseball team, The Bees, and the hockey team, The Grizzlies. You can also check out a rivalry game between BYU and Utah during college football season. No matter your sport of choice, you can enjoy a hot dog and churro and cheer on your sports team.
Traffic in Salt Lake is moderate. There are, of course, areas that see heavier traffic, especially if you’re heading southbound out of S.L.C., but on the whole, it’s not that bad. The streets in Salt Lake feel massive compared to other cities around the world. When Salt Lake was built, the roads had to be big enough that a wagon being pulled by ox could make a full U-turn. The city’s grid-like roads enable drivers to get around the city without confusion.
One of the major cons of living in Salt Lake City is air quality. According to IQAir, S.L.C. has some of the worst air quality in the country. Part of the reason is its location in a valley that traps the pollution, making it difficult to cycle in new, clean air. Winter is the worst season for air pollution in the city, but the pollution fluctuates year-round.
Living in Salt Lake City gives you the advantage to see all that the state has to offer. In the winter, no matter your religious or spiritual beliefs, the Temple Square Christmas lights are a must-see. They bring to life the twinkle and magic that is the holiday season.
Park City is also a beautiful place to escape from the city during the winter. During the Sundance Film Festival, you might even spot a celebrity or 10. Southern Utah is also a must-visit. Utah has five national parks within a three- to four-hour drive from the city center â places like Zion, Bryce Canyon and Moab offer breathtaking views and scenery that just can’t be duplicated.
There are so many pros to picking Salt Lake City as your place of residence. From all the outdoor activities to the diverse food scene, there’s something for everyone in Salt Lake City. You’ll enjoy the four seasons, the people and the opportunities that are present for everyone here.
The post 10 Things to Know About Living in Salt Lake City appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.
Source: apartmentguide.com