Utah Business

Say hello to the June 2024 edition of That's a Wrap! Enjoy our top five business stories from across the state, as well as our Featured Story of the Month. Are you enjoying this monthly newsletter? If so, we ask that you share it with your fellow entrepreneurs, investors, or anyone with a passion for business in our great state. Happy reading! #UtahBusiness #BusinessNews #Utah

In today’s fast-paced professional world, mentorship is more than just a buzzword — it’s a game-changer. When it comes to women mentoring women (aka “femtorship”), we’re talking about a superpower that’s reshaping workplaces across industries, sectors and generations. Why femtorship matters: https://lnkd.in/dnbjg8Gg 🖋: Lauren Mason Carris ✨

We're excited to announce that Scott Anderson, president and CEO of Zions Bank, will join us as a thought leader for our exclusive "Food for Thought: Breakfast with an Expert" session at Utah Business Forward on November 20th! As part of your Forward ticket, you'll have the opportunity to sit down with one of Utah's most influential banking leaders. Register now and secure your seat at Scott Anderson's table while you can: https://lnkd.in/dfzbNX8R? *After clicking the link above, be sure to select **LIMITED** Full-Day Ticket Plus Breakfast with an Expert from the left-hand menu

According to a report The Kem C. Gardner Policy Institute, the 2034 Winter Olympics are projected to generate almost $3.9 billion in gross domestic product (GDP) and a cumulative $6.6 billion output. “You think, if you host a Super Bowl, that would be a big deal. Then you think about hosting a Super Bowl every day for seventeen days. That gives you some sense of the magnitude of the Games.” — Natalie Gochnour, director of the Kem C. Gardner Policy Institute Read more: https://lnkd.in/gcyjDxT4 🖋: Spencer Merrell

Attention Utah business leaders! We're thrilled to announce an exclusive opportunity at Utah Business Forward 2024. As part of your ticket, you'll have the chance to sit down for breakfast with one of our thought leaders. Picture this: you, the thought leader, and just six other attendees, engaging in a deep, meaningful conversation over a morning meal. This opportunity comes at no extra cost to Forward attendees. However, with such limited seating at each table, we encourage you to register early to secure your spot. Keep an eye out for our upcoming posts, where we'll reveal more of the incredible Utah thought leaders who will be joining us for these exclusive breakfast sessions. Register for Utah Business Forward today and snag your spot at a table before seats are filled. See you there! Register here: https://lnkd.in/dfzbNX8R Angela Dunn, MD, MPH

Nominations for Living Color Awards are due this Friday! Visit this link to submit your nominations: https://lnkd.in/gJxmYkHT

From The Watercooler 💬 Amie Engerbretson, Pro Skier & Protect Our Winters Athlete

In 2014, a pair of German researchers published a study investigating the relationship between a publicly traded company’s market value and the physical fitness of its CEO. The researchers concluded that the CEOs who completed marathons presided over companies worth 8 to 10 percent more than their “less fit” counterparts. Full story: https://lnkd.in/giWWecbj 🖋: Judd Bagley Phil Dumontet Brooksee 🦾Jepson Taylor Monnica Manuel RSG Performance

July Editor’s Letter 🖋 A few months ago, I took a Zoom call in the parking lot of my kids’ elementary school, squeezing in a bit of work between pickups. I had already collected my middle schooler, who was just off-camera in the passenger seat. During the call, this out-of-state salesperson said my name roughly every seventh word. My daughter kept wrinkling her forehead, and when the call ended, she asked, “Why did that guy keep saying your name?” Many of us have attended leadership training courses. Personally, I’ve attended training from multiple organizations over the years and was even a graduate assistant for a few cohorts of the Dale Carnegie Course. I can recite his famous quote verbatim: “A person’s name is — to that person — the sweetest, most important sound in any language.” Leadership training courses often present us with shortcuts to improve our relationships, but when separated from the intended spirit, they are nothing more than inauthentic hacks. In my opinion, the Carnegie quote encourages us to prioritize another person enough to remember their name — because we genuinely care about them, not because we are trying to manipulate them. There’s a noble purpose behind the tip, but its use has been weaponized. Likewise, the oft-cited tip of using “and” instead of “but” encourages us to engage curiously with people instead of contradicting them. Using “and” when we actually mean “but” is a hack: we discard the wisdom of the guideline and mask our unwillingness to consider another person’s perspective. It’s a shortcut for smoothing over conflict with the use of “the right word.” In an era of deep fakes (page 12), leadership stresses (page 20) and imposter syndrome (page 44), our teams are craving authenticity. They want spaces where they can feel safe and productive (page 14) and leadership that understands the complexities of the human experience (pages 26 and 50). In this month’s cover story (page 46), we read how Syd McGee and Shea McGee have created just that. While building their design empire, they were approached to star in a formulaic home makeover show on cable TV. Doing so would have meant casting themselves as inauthentic characters, so they charted their own path instead. This strong sense of identity eventually led the McGees to their own Netflix series, a multi-year licensing agreement with Target, two New York Times best-selling books and a happy team working in their beautiful Draper, Utah, headquarters. Great leadership doesn’t come from glib hacks or memorized platitudes. Great leadership — authentic leadership — is born of a strong sense of self-awareness and intentional human connection. So, the next time you’re ready to whip out a well-used tip from leadership training, be sure to consider the deeper meaning behind it. If a middle schooler can tell it’s not genuine, you may have gone too far. Thanks for reading, Melanie Paris Jones

“To all other entrepreneurs out there, trust your gut and remain true to yourself. That is what others will fall in love with.” Erika Peterson is the co-founder and CEO of Clean Simple Eats, wife and mother to four, foodie, fitness enthusiast and AFPA-certified health and wellness coach. Clean Simple Eats has become one of the fastest-growing health and wellness brands in the country — with more than 175 different product SKUs sold online and at retailers across the United States — and has helped tens of thousands of people transform their lives. Learn more in this week's edition of the Founder Series: https://lnkd.in/gDRitixQ