Moms In Business Conference

Moms In Business Know How To Multiply Money

Published On October 18, 2013 | By Toni Spilsbury | Cafe Mom, Community, Women

Moms In Business…. from “cute” to crafty.

In recognition of Moms In Business Week, the ladies of RECESS recently attended the Moms In Business Multiply Your Money Conference hosted by the InNEVation Center.  Richelle Shaw relayed during the conference a conversation where her role as the President of National Association For Moms In Business (NAFIM) was described as “cute”.  “Cute?” rebutted Shaw. “Do you think it’s cute that 15.6 milion moms currently own businesses in the U.S. and are starting businesses at a rate twice that of men?”

I didn’t think so either.

Moms In Business

Moms In Business Multiply Your Money Conference hosted by InNEVation Center

Additionally, 64% of women in corporate leadership also have children.

Among the many tenacious speakers was Tammy Starring, a multi-preneur who has founded and owned several successful businesses including Marley Coffee Kiosks.  As both a single mom and entrepreneur,and someone who has reached a level that only 1.9% of women in business have achieved, Tammy urged other moms in business to never settle or compromise in either business or personal life.

Kat Bellucci is a leading expert on money, especially as it relates to women. Well known for her role in the annual Womens Money Conference, Bellucci has an upcoming book that I am particularly excited about. When Kat took the microphone at Moms In Business, moms listened closely.

moms in business 2

Kat Bellucci taking the microphone at Moms In Business Multiply Your Money Conference hosted by InNEVation Center



Are You the 96%?

Here are some interesting facts about moms in business:

  • There are over 600,000 women-owned microbusinesses (defined as having fewer than five employees). That’s two-thirds of all women-owned firms with employees.
  • These firms earned over  $150 billion in receipts, and employed nearly one million people, paying them a total of $30 billion, in 2007 (the last year for which we have reliable data).
  • The four most common industries for women-owned microbusinesses are retail trade, real estate and rental and leasing, health care and social assistance, and professional, scientific, and technical services. Over half of all women-owned microbusinesses are in these industries.
  • 16% of women-owned microbusinesses are owned and operated jointly by a married couple, compared to 22% of their larger counterparts with 5 or more employees.
  • The four most common types are of capital in general are: personal savings, followed by credit cards, bank loans, and business profits (for existing businesses).  Women-owned microbusinesses generally follow these trends, although they are somewhat less likely to use bank loans.
  • Self-employed Women (the 88%):
  • There are nearly 7 million women-owned firms without paid employees. In 2007 they had total receipts of $182 billion.
  • Nearly 50% of these firms are in: personal and laundry services; professional, scientific, and technical services; administrative and support services, and social assistance.
  • About 8% of women in the workforce are self-employed as their primary occupation (this includes firms with or without employees).  13% of men are self-employed.

If you’re part of the 96% or want to learn more, check out Moms In Business Website.

The National Association For Moms In Business (NAFMIB) is the voice for 15 million* Entrepreneurial, Executive and CEO moms. NAFMIB provides opportunities, education and advocacy for moms in business to cultivate leadership, foster social justice and develop greater economic growth potential.



Like this Article? Share it!

About The Author

Toni Spilsbury is a blogger, brand strategist and social media producer in addition to being a philanthropist and mother…. but not in that order. From busy corporate gal to even busier mom of four, one with special needs, Toni established an online connection with today’s on-the-go moms as someone who understands the unique demands of working moms. In 2005, Toni co-founded the Nevada Blind Children Foundation and began working to build the first school for the blind in Nevada. With a passion for cooking, creating her own recipes and a desire to merge her family life and career, Toni wrote a book The Organized Cook in 2009 before embarking on a journey through branding, blogging, social media and e-commerce that gained her an insight and passion for the unique niche of content-driven e-commerce. Toni’s second book, Because of Connor, is due out in late 2013 which gives readers an insight into the unique struggle of life’s ups and downs when set against the backdrop of caring for and coming to grips with a severely medically fragile son.

Leave a Reply

Your email address will not be published. Required fields are marked *