Women
in Business Published by Rock Valley Publishing LLC 2019
2019 WOMEN IN BUSINESS
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Cornerstone Sun Spa & Boutique ornerstone was born Almost 3 years later, first in my mind Cornerstone is a monument and heart, then on to love: love for our guests, a vision board, love for our community, love 3 Levels Of Ultraviolet Tanning and over the past for our team. We serve our Includes a complimentary Lavender 2, almost 3 years, guests with excellence and aim Infused Cold Rollie we’ve worked to to provide our guests with an Alexa in every room to customize your bring the vision exceptional experience. We listening experience (I recommend to life. I know my aren’t limited by the service Ocean Waves) fellow business women & men we provide, because we know Hempz Lotion in every room to can agree with me, when you that our true calling is to give rehydrate your skin after your UV chose to start a business, you our guests a place that is theirs, session are making a declaration to where they feel taken care Luxe Spray Tan Service performed by yourself and to the universe of, in an environment that is Master Certified Spray Tan Artistthat you are ready and willing both beautiful and abundant. Alejandra Kottke to BET ON YOU. We truly treasure our guests Includes PH Balancing Treatment, Owner of Cornerstone Sun Spa & I call us Small Biz Warriors. and are so grateful to have Barrier Cream Application, Custom Boutique in Winnebago, Illinois However, let’s be real, it takes the opportunity to serve our Color Blend based on Skin tone & Established October 2016 much more than the sole power community. color depth desired. of your belief in yourself to True to our heart to serve Upgrade Options: Head to Toe Glow make a dream a reality; enter faith and trust our community and our belief that we Powder Application & Skin Firming & Hydration Treatment, Rapid Rinse in the process. are all created on purpose, for a purpose, Solution For me, it was my faith in the calling we have taken our mission outside of our Full Spectrum Infrared Sunlighten and the One who called me. I believe that doors. We hosted our first Vision Board Sauna at every stage, God has sent me the right Workshop at the Winnebago Public Library Lavender Infused Hot Rollie for people to either be on my team directly or freshening up after your session indirectly in the form of mentors, support, Bottle of Water for hydration strategic partnerships/collaborations, and pre,during, and post sauna session friendships. I believe that when you take the leap of faith, you don’t necessarily realize that you’re jumping into the fire feet first, but in the process you will be refined. I didn’t know anything about the tanning Clothes, Accessories, Purses, Kinsley Armelle Jewelry, Bago Gear, Bath & industry or retail when I decided to take Body Fusion, Skincare this on, but I did know that I could figure it out. As Americans have increasingly realized they need competent, professional advice about how to manage their money, financial planning has grown significantly as a profession over the past several decades. Yet, only 23 percent of the more than 83,000 Certified Financial Planner (CFP) professionals today are female, even as women control more than one-third of the wealth in the U.S. This means there’s both a tremendous opportunity, as well as need, for more female financial planners. Here are five benefits of financial planning careers that make them a great fit for women, according to those in the industry: 1. Work-life balance: Financial planning careers offer the flexibility to balance professional demands with your personal life, whether you are making time for family or for other activities that are important to you. 2. Opportunity to make a difference: Financial planners are often key parts of their communities and enjoy the satisfaction of helping people in important, life-changing ways. By taking a holistic look at their clients’ finances, they help families build wealth, manage financial challenges and achieve their goals. “I think this is such a great field for women because we naturally want SUBMITTED PHOTO Women in Business to take care of people. Becoming a financial planner is just another way of helping people out -- but in the money department,” says Brittany Castro, a Los Congratulations to The Post for Business of the Month presentAngeles-based CFP professional. ed by the Winnebago Area Chamber of Commerce. The Post Sports 3. Financial stability: Financial planning Bar & Grill, located at 119 S. Benton St., Winnebago, Ill. opened March careers offer excellent income potential 2019. They are the first bar in over 100 years to serve beer and cockthat is comparable to other distinguished tails in the downtown district. The Post is owned/operated by Tom
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and Michele McDonald. Offering a full menu with a variety of burgers, wings, tacos, Irish Nachos, onion rings and specials coming soon. There is a full bar with six beers on tap, seven big screen TV’s to catch all of your favorite sports, darts, and a jukebox. The Post hours are; Monday-Thursday 11 a.m. to 1 a.m.; Friday and Saturday 11 a.m. to 2 a.m.; Sunday 11 a.m. to Midnight. Shown here, Jill Gettle and Heather Roach.
in January and will be hosting another on July 14th. We also sponsor “Breakfast with Rach” Life Coaching every month at the Winnebago Public Library where we get coached via Live Stream recording by Rachel Hollis, author of Girl Wash Your Face & Girl Stop Apologizing. We are also very fortunate to have Dr. Christina Warden help facilitate the break out groups. (For more info, check our Facebook page!) In August we will be doing a CBD Workshop as well. And lastly, we will be integrating Yoga into our Summer lineup of events and community engagement. I have a funny feeling this is just the beginning. Connect with me on social via Facebook or Insta - @cornerstonesunspa, Linkedin, or email cornerstonesunspa@gmail.com. Winnebago, thank you for welcoming this Cali girl into your tribe. It’s been the greatest honor and pleasure of my life to serve you. From my heart, I love you and thank you for your support.
Five reasons why financial planning is a great career for women careers. According to the Bureau of Labor Statistics (BLS), the median pay for personal financial planners is $89,000. 4. Freedom to shape your own path: You may choose to work for a large firm, a small company, a bank or a broker dealer. Or, you may decide to start your own business. Roughly one in five personal financial planners are self-employed, according to the BLS. “The beautiful thing about being a CFP pro is that we’re still blazing trails. It’s still a very young profession, so you can make this career anything you want,” says Rianka Dorsainvil, a CFP professional in Washington, D.C. 5. Room for growth: The BLS projects that the financial advisory industry, including financial planning, will grow 15 percent between 2016 and 2026. That’s 4 percent higher growth than other occupations are projected to experience. This high demand for financial planning services, coupled with an aging current workforce, means there is long-term opportunity and room for growth within the profession. Financial planning is a satisfying career for many women already -- 72 percent of women who earned the CFP certification are very satisfied with their jobs, according to research from the CFP Board Center for Financial Planning. For more information on how to join the ranks, visit: cfp.net/ become-a-cfp-professional. Offering growth potential, work-life balance and the freedom to chart your own professional path, financial planning is a career that provides many tangible perks.
STATEPOINT
On the cover: After her restaurant, Magpie on South Main Street, was damaged by the Hanley Furniture building fire on June 25, 2017, Stephanie Caltagerone (left) has been renovating a new space at 126 Madison St. The restaurant will open this summer. Caltagerone recently announced that Kate Sullivan (right), aka the Pie Lady, will team up at the location. SUBMITTED PHOTO Women in Business
McDonald’s: Page 4
2019 WOMEN IN BUSINESS
big franchise but still a family-owned business
Maureen Koteles, owner, shares her story about owning the Belvidere McDonald’s
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“My father, Jack O’Leary, came from being regional manager for the Chicago market to Belvidere in 1981. He was born and raised in Rockford so this was a way of getting back home. “I joined him in 1993 as a secondgeneration owner/operator candidate and completed all the required training that McDonald’s requires. “Son Michael started working at the store in 1996 when he was 14 and decided at that point that this is what he wanted to do. “He worked at the stores through high school and college, and after graduating from ISU, came back ready to give it his all. “Since the training and verification is required, he has had all the required classes and is now getting ready to enter the program. He will be a third generation owner/operator in the system!”
SUBMITTED PHOTO Women in Business
Maureen Koteles and her son Michael are co-owners of the Belvidere McDonalds. Shown here, with local radio personality Steve Shannon during a live broadcast at the restaurant.
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The Women’s Business Enterprise National Council (WBENC) applauds Walmart as first corporate leader to feature Women Owned logo products The Women’s Business Enterprise National Council (WBENC) is proud to celebrate Walmart as the first retailer to feature Women Owned Business (WOB) products, making them nationally available in-store, online and identified by a unique, universally recognized Women Owned logo. Developed by WBENC and WEConnect International with support by Walmart, the Women Owned logo signifies to shoppers that a product is made or supplied by a woman-owned business. “Walmart is bringing Women Owned business products to homes and stores across America – and giving consumers the chance to experience the quality, value and innovation that women’s businesses can deliver,” said Pamela Prince-Eason, President and CEO of WBENC, the nation’s leader in women’s business growth. “We applaud Walmart’s significant leadership role in supporting women-owned businesses by making Women Owned logo products more visible and readily available.” Walmart sells thousands of products from women-owned businesses both instore and online and this month will place six products on feature with the “Women Owned” logo in store, including Milo’s Tea®, Jelmar CLR Remover™, HMS Mfg. Co Hefty® Wastebaskets, Goldbug Inc. Carter’s Newborn Shoes, Ariela and Associates Smart & Sexy® Bra, and
Ziegenfelder’s Budget Saver Pops®. The products will be sold in all Walmart stores nationwide and will have a prominent presence on Walmart.com/WomenOwned, a new page that also launched to showcase products made by women-owned businesses. The online categories range from beauty and clothing, to electronics, health, and home improvement. “By buying products with the Women Owned label, consumers are choosing to enable Women Owned businesses to grow and the economy to thrive,” said Patricia Birmingham, VP Marketing at WBENC. Women’s businesses nationwide generate $1.4 trillion in revenue, employ nearly 7.9 million employees and have been a source of 274,000 jobs since the recession in 2007, according to the American Express OPEN State of Women Owned Businesses 2014. “Walmart is throwing open the doors of opportunity for our national and international community of Women’s Business Enterprises,” added Candace Waterman, Chief of Staff, Certification & Program Operations at WBENC. “WBEs can be inspired to take their product to the next level of exposure and volume.” Any product with the Women Owned logo is produced or supplied by a company that is owned and operated by a woman or
See WBENC, Page 7
Five ways companies are keeping employees happy
SUBMITTED PHOTO Women in Business
Mary Kay consultant
Monica Glenny is an Independent Beauty Consultant with Mary Kay. “My position combines personal trial and error, training in Advanced Color and Advanced Skin Care consultation, and 30+ years of business and entrepreneurial experience,” she said. “My unique Polished & Professional consultation method helps women look and feel more confident and empowered, both personally and professionally. I consult with clients to find the perfect skin-care and color systems for them, and I mentor others to earn extra income or to build their own successful businesses as women entrepreneurs.
For years, many American businesses have provided wellness programs dedicated to encouraging employees to improve their physical health and fitness. But a new work culture is emerging, as employers recognize the need to focus on the overall well-being of their associates in order to keep them at a company. Recruitment is expensive, and an emphasis on retaining top talent through efforts to support their well-being can lead to a significant reduction in these costs. A recent Staying@Work survey revealed that within the next year, 64 percent of employers would adopt programs to address the overall wellness needs of employees in five areas: 1. Financial: Nearly 75 percent of people worry about their finances at least some of the time, reports the American Psychological Association. Concerns about house and car payments, child care and daily living expenses, and student loan debt can affect an employee’s work performance. The World Health Organization calculates that financial stress costs employers $300 billion each year in missed work and lost productivity. To address these concerns, nearly 84 percent of employers provide financial wellness programs, offering services like counseling to set up and maintain family budgets. However, only 4 percent of employers provide loan repayment assistance, such as the BenefitEd program, making this a benefit that would help many employers stand out from their competitors when vying for talented employees. With BenefitEd, employers can easily set up a monthly, quarterly or annual contribution,
or matching payments, toward employees’ student loans. Employers may provide BenefitEd for specific positions or to employees meeting certain criteria. Some employers are using BenefitEd’s platform to let their employees take advantage of match dollars that have traditionally only been used for retirement. 2. Social: One key way employers support employees’ social well-being is with policies that allow for greater flexibility and work-life balance. Employees who can telework or control their schedules to better juggle work and family responsibilities are more relaxed, productive and satisfied with their jobs. 3. Community: Seventy-nine percent of employees surveyed in a recent study preferred to work for an employer that cares about social and environmental issues, and encourages community involvement. 4. Career: Employees want to work for employers that appreciate them and provide learning opportunities. To meet this demand, many employers offer tuition assistance programs, repayment programs like BenefitEd, and lunch-and-learn options offering employees a chance to develop new skills and get training for jobs in other departments. 5. Physical: Nearly two-thirds of employers encourage their staff to develop healthy lifestyles. Popular programs include nutritious food and snack choices in cafeterias and workout areas to make it more convenient for employees to exercise. To learn more about how employers are supporting employee needs, visit YouBenefitEd.com/Happy.
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2019 WOMEN IN BUSINESS
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Stateline Chamber Women @ Work celebrate Derby Day 2019 By Jean Seegers REPORTER
About 40 working ladies, many sporting elaborate, colorful and unique hats, gathered for the annual Stateline Chamber Women @ Work Derby Day luncheon, Friday afternoon, May 3. The event was held at North Pointe Wellness Center, 5605 E. Rockton Road, Roscoe. Chamber member Angi Kolthoff, chairman of the Women @ Work Committee, coordinated the program. The Women @ Work luncheon was a nod to the up-coming Kentucky Derby and also an opportunity for women in the Stateline community to network and take part in a panel discussion dealing with the career obstacles they have overcome. Kelly Meyer, Stateline Chamber Office Manager, introduced the members of the panel: Anabel Toye -Anabel’s Cleaning Service, Roscoe; Aimee Thurner - Greater Beloit Chamber Director, Beloit, WI, and Erica Shannon - Erica’s Board Creations, Rockton. Each panel member related obstacles in their past that impacted their work-life and influenced their careers. The audience was invited to participate in the question and answer period that followed. The Stateline Chamber Golf Play Day is set for June 14, at Atwood Golf Course. Call the Chamber at 815-623-9065 for information. The Women @ Work luncheon was catered by Goldie’s Goodies – Goldie Floberg Center.
JEAN SEEGERS Women in Business
All dressed up for “Derby Day,” Becky Rydell – Winnebago County Health Dept, Anabel Toye – Anabel’s Cleaning Service and Karen Radtke – Integral Health Solutions, participated in the Stateline Chamber Women @ Work networking event, Friday, May 3, at NorthPointe Wellness Center.
JEAN SEEGERS Women in Business JEAN SEEGERS Women in Business
Representing Anderson Roofing, Stateline Chamber members Maxine Cain (left) and Paula Anderson wore elaborate wide-brimmed hats to the May 3, Women @ Work Derby Day networking event held at NorthPointe Wellness Center.
• WBENC
Panel members (from left) Anabel Toye – Anabel’s Cleaning Service; Aimee Thurmer – Greater Beloit Chamber of Commerce and Erica Sharron – Erica’s Board Creations related obstacles in their lives that affected their careers at the Women @ Work Derby Days luncheon, Friday, May 3. The event was held at North Pointe Wellness Center.
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women, as certified as a Women’s Business Enterprise (WBE) by WBENC in the United States, and by WEConnect International globally. There are over 12,000 WBENC-Certified WBEs in the U.S. The Women Owned logo also taps into the buying potential of women. “Women make over 80 percent of all consumer buying decisions globally. WBENC believes that creating awareness of these products can result in sales growth, increased consumer knowledge and loyalty,” said Laura Rehbehn, Senior Manager, Marketing,
Communications & Brand Management, WBENC. Walmart Stores, Inc. is being honored this year as one of WBENC’s America’s Top Corporations for Women’s Business Enterprises, at the March 18-19 WBENC Summit & Salute to Women’s Business Enterprises in Baltimore, Md. There WBENC is convening over 1,500 WBEs, corporations and government agencies to generate business together, acquire business building skills, and learn more about the Women Owned logo
opportunities. womenownedlogo.org About WBENC Founded in 1997, WBENC is the leading thirdparty certifier of businesses owned and operated by women, with over 12,000 WBENC-Certified WBEs. WBENC-Certification is accepted by more than 1,000 corporations representing America’s most prestigious brands, in addition to many states, cities and other entities. WBENC is a 501(c)(3) nonprofit organization.
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Why women with accounting experience make better leaders Those claiming to be experts on business leadership have written novel after novel on what it takes to be a successful leader. As Venkatesh Rao of Forbes asserts, most of this advice centers on leaders having great “people skills.” However, according to Rao, “if they only had people skills, they’ve generally been forgettable CEOs who at best kept the ship sailing on a straight course ... At worst, they’ve buried their head in the sand ... and let successors deal with the consequences of their not-leading.” While people skills are certainly crucial to leading a team and connecting with clients and investors, all businesses deal with money, which means that women with accounting experience have an advantage when compared to those without such skills. This gives women — who, according to Catalyst, make up a slight majority of the number of post graduates with accounting degrees — an opportunity to step into leadership roles. Financial leadership builds a successful business A recent article by Bplans listed the top reasons that small businesses fail. Among those reasons was poor financial management. “You must know, down to the last dime, where the money in your business is coming from and where it’s going in order for your business to succeed. ... Sometimes people start businesses with a dream of making money but don’t have the skill or interest to manage cash flow, taxes, expenses, and other financial issues.”
Although Bplans suggests using professional business accounting software to solve financial mismanagement issues, software isn’t necessarily required if the knowledge and skills are there. By bringing an extensive knowledge of finances to business leadership, accounting professionals can not only be aware of where money is coming from and where it is going, but they can also influence decisions that will elevate profits and cut losses.
financial skills in leadership roles “esoteric,” but he also says “that to break the game of house-trained CEOs ... and do greater things, CEOs have to understand finance and economics even better than Wall Street, and beat them at their own game in order to pursue opportunities that may have high immediate costs but are great in the long term.” Accounting experience allows women in leadership roles to invest in things that build the business for long-term gain.
Financial knowledge improves decision-making In Rao’s Forbes piece on how “Great CEOs Must be Either Technical or Financial,” he explains that those with more than people skills can be “more active-navigator CEOs.” Rather than turning to other professionals in a business, leaders with accounting knowledge can make more influential and expansive decisions related to the course of the business. An article from Nonprofit Finance Fund claimed that “Effective leaders know how to interpret and use their data to inform decisions.” Women with accounting knowledge understand the data given to them across a spectrum of reports. Such professionals can see the data not only as a measurement of the business’s current financial situation but also as a predictor of future success or failure. Knowledge of past and potential future trends can help female leaders steer the business in a progressive direction. Rao may claim that CEOs consider
Accounting knowledge gives women an edge According to the National Center for Education Statistics, women are earning more than half of all the college degrees in accounting, with 52.1 percent of accounting bachelor’s degrees, 52.7 percent of accounting master’s degrees, and 44.4 percent of doctorate degrees being earned by women. While the majority is slight, with a greater number of women earning
Pam Cunningham
accounting degrees than men, women have a greater chance of attaining leadership roles where accounting skills are given priority. Along with the other skills that American Express claims make women better bosses than men, such as being better communicators, having more patience and better business ethics, and more, accounting experience prepares women to succeed as leaders in business. There may not be a foolproof formula for what makes the best leader, but accounting knowledge gives women leadership skills that can reinforce the current success of a business and ensure that success carries on into the future. If you need a place to start working toward your future as a business leader, visit Maryville University’s online accounting program and learn more about pursuing an online master’s degree in accounting. Maryville’s graduate accounting program can help you adapt to a dynamic field and give you the tools to lead the field into the future.
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Breakfast Before Business
Breakfast Before Business Thursday, June 27, 7:30 a.m. Boone County Council on Aging 2141 Henry Luckow Lane, Belvidere Financial Fraud Awareness - No Longer a Question of If; but a Matter of When presented by Christina Muniz, Kim Kaufman, Cori McCoy, Lori Hunt, Emily Cooper, & Jim Hoadley, Presenters Introduction, Types of Fraud, Best Practices to Reduce Fraud Risk, Questions & Answers, complimentary hot breakfast and attendee goodie bag sponsored by Midland States Bank.
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