Business & Economy
How Female CEOs Can ‘Lead with Impact’ PDF Print E-mail
News Releases - Business & Economy
Written by Ginny Grimsley   
Wednesday, 06 February 2013 09:48
3 Ways to Set Yourself Apart from the Competition

A record number of women are Fortune 500 CEOs.

Women are launching businesses at 1.5 times the national average.

There are now 8.2 million American women running their own companies.

“The numbers are notable,” says executive and business coach Debora McLaughlin, author of “The Renegade Leader: 9 Success Strategies Driven Leaders Use to Ignite People, Performance and Profits,” (www.TheRenegadeLeader.com).

“From 1997 to 2011, the number of U.S. women-owned businesses increased by 50 percent,” McLaughlin says. “And in 2011, the median compensation for female CEOs was 13 percent more than for male CEOs,” according to NerdWallet Financial Markets.

According to Catalyst, a non-profit organization, as of Jan. 1, there were 21 women running Fortune 500 companies, including IBM and PepsiCo, That’s up from seven in 2002-2003. Among the Fortune 1000 companies, there are twice as many, including the CEOs of Neiman Marcus Group, Cracker Barrel and Dun & Bradstreet.

“Nonetheless, business women still face hurdles,” McLaughlin notes. “Keep in mind, while 21 are Fortune 500 CEOs -- a record high – that’s only 4.25 percent of the total and the figures hold for Fortune 1000 companies, less than 5 percent have a female at the helm.”

A recipient of the 2012-13 Women of the Year award presented by the National Association of Professional Women, McLaughlin watches the financial trends. While women are launching more businesses, they have an upward climb; studies show that women-owned companies are less likely to hit the $1 million mark and are more likely to fail.

“To claim, own and keep the keys to the corner office, women executives need to be seen, heard and to lead with greater influence and impact,” McLaughlin says. She offers three key tips:

• Develop your personal brand: Let people get to know you, your core story of experiences and how they relate to your drive and vision. As Steve Jobs said, "connect the dots," then use transparent communication to share your story. People make better connections with people who tell a great story, and they’re most interested in the story behind the person at the top. Transparency encourages greater communication, team building and leadership.

• Develop and use your personal network. Find a mentor and be a mentor; seek out other women at your level; and accept the strength, ideas and energy your connections have to offer. It is no longer necessary to blaze trails alone, and women have more power than they may realize. According to a Dow Jones report, startups with five or more female executives have a 61 percent success rate. It goes further and says that odds of success "increase with more female executives at the VP and Director levels."

• Stand for something; position yourself as a strong thought leader. It’s not easy being at the top. Women tend to distrust powerful women, and men may view women as weak or too collaborative and sensitive. Take a firm stand on something you care about deeply and rally the organization around that objective. You will gain the respect of your peers, customers and stakeholders.

As the numbers clearly demonstrate, business is changing. Women account for 73 percent to 85 percent of consumer decisions in the United States, which gives female CEOs yet another advantage -- insight into their customers’ values, McLaughlin says.

About Debora McLaughlin

Debora McLaughlin, best-selling author of “The Renegade Leader: 9 Success Strategies Driven Leaders Use to Ignite People, Performance and Profits;” the forthcoming book, “A League of Her Own,” and CEO of The Renegade Leader Coaching and Consulting Group combines her experience as certified executive coach and as a top sales performer in New York City and Boston to help CEOs, business leaders and organizations achieve accelerated results.

 
Must-have Insurance Plans PDF Print E-mail
News Releases - Business & Economy
Written by Steve Burke   
Monday, 04 February 2013 15:19

By Jason Alderman

Many people adopt a "penny wise, pound foolish" mentality when it comes to buying insurance. When trying to lower expenses, some will drop or reduce needed coverage, gambling that they won't become seriously ill, suffer a car accident or fall victim to a fire or other catastrophe. But all it takes is one serious uncovered (or under-covered) incident to potentially wipe you out financially.

Here are insurance policies no household should be without:

Medical. This is the most critical – and unfortunately, the most expensive – coverage you need. When comparing plans, consider:

  • Are your doctors in their provider networks? If not, can you afford out-of-network charges – or are you willing to find new doctors?
  • Are your medications covered under the plan's drug formularies?
  • Do they restrict specialized services you might need like maternity, mental health or weight reduction treatments?
  • If you choose catastrophic coverage to lower premiums, can you afford the high deductible in case of an accident or major illness?

Homeowner/renter. Faulty plumbing, theft and home-accident lawsuits are only a few catastrophes that could leave you without possessions or homeless. A few tips:

  • "Actual cash value" coverage repairs or replaces belongings, minus the deductible and depreciation, whereas "replacement cost" coverage replaces items in today's dollars. Depreciation can significantly lower values, so replacement coverage is probably worth the extra expense.
  • Jewelry, art, computers and luxury items usually require additional coverage.
  • Review coverage periodically to adjust for inflation, home improvements, new possessions, change in marital/family status, etc.
  • The market is competitive, so compare your rate with other insurance carriers. Get "apples to apples" quotes since policies may have varying provisions.

Vehicle. You probably can't even get a driver's license without demonstrating proof of insurance. Consider these coverage options:

  • "Liability" pays if you cause an accident that injures others or damages their car or property.
  • "Uninsured motorist" pays for damage caused to you or your car by an uninsured motorist.
  • "Collision" pays for damage to your car resulting from a collision and "comprehensive" pays for damage caused by things like theft, vandalism and fire. However, they only pay up to the actual cash value (ACV) minus deductibles. Because the ACV for older cars is low, repairs often cost more than the car is worth.
  • Common ways to lower premiums include: Raising deductibles; discounts for good drivers, exceeding age 55 or installing security systems; comparison shopping; and buying homeowner and car insurance from the same carrier.

Life insurance. If you're single with no dependents, you may get by with minimal or no life insurance. But if your family depends on your income, experts recommend buying coverage worth at least five to 10 times annual pay. Other considerations:

  • Many employers offer life insurance, but if you're young and healthy you may be able to get a better deal on your own.
  • After your kids are grown you may be able to lower your coverage; although carefully consider your spouse's retirement needs.
  • You probably don't need life insurance on your children, but you might want spousal coverage if you depend on each other's income.
  • If your divorce settlement includes alimony and/or child support, buy life insurance on the person paying it, naming the receiving ex-spouse as beneficiary.

Don't gamble your future financial stability by passing on vital insurance coverage – the odds aren't in your favor.

 
Loebsack Statement on Cobham Adding 60 Jobs in Davenport PDF Print E-mail
News Releases - Business & Economy
Written by Joe Hand   
Friday, 01 February 2013 15:29

Washington, D.C. – Congressman Dave Loebsack released the following statement after Cobham announced they would be adding an additional 60 jobs at their plant in Davenport.

“Today’s announcement by Cobham is great news for Davenport and the Quad City area. These are good jobs that will be a boost for the Quad City economy and families.  I look forward to continuing to work with Cobham to ensure our servicemembers have the equipment they need and will continue to work to support good jobs like these in the Quad Cities.”

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Governor Quinn Announces 500,000 People Helped Through Illinois Foreclosure Prevention Network PDF Print E-mail
News Releases - Business & Economy
Written by Ryan C. Woods   
Friday, 01 February 2013 15:11

Urges Homeowners to visit KeepYourHomeIllinois.org for Assistance

CHICAGO – February 1, 2013. Governor Pat Quinn today announced that, one year after he launched the Illinois Foreclosure Prevention Network (IFPN) in his State of the State address, more than a half-million people have connected to its free statewide resources to help keep their homes.

“I launched the Illinois Foreclosure Prevention Network to help give Illinois families the guidance they need to stay in their homes,” Governor Quinn said. “Knowledge is power. By accessing this free, centralized source of trustworthy information we can help homeowners do what’s best for their families, while strengthening communities and our economy.”

As a result of the IFPN, 561,000 people have been connected to foreclosure prevention help:

·         446,000 homeowners have accessed the IFPN website or the Illinois Hardest Hit program website.

·         More than 60,700 people have called IFPN help hotlines.

·         More than 44,500 homeowners have received homeownership counseling.

·         More than 3,400 people have attended a series of IFPN workshops across the state.

·         More than 6,300 homeowners have received mortgage payment assistance with $144.1 million in funds approved through the Illinois Hardest Hit program.

Families are urged to reach out today to access the free resources that have helped so many other homeowners across Illinois. All of the services are available by visiting www.keepyourhomeillinois.org, calling the toll-free hotline (1-855-KEEP-411), or visiting 80 counseling agencies throughout the state.

In February 2012, Governor Pat Quinn created the IFPN to give Illinois homeowners access to a trusted and reliable source where they could receive one-on-one counseling, legal advice and financial assistance. Under Governor Quinn, the Illinois Housing Development Authority (IHDA), Illinois Department of Financial and Professional Regulation (IDFPR) and Illinois Department of Employment Security (IDES) partnered to establish this free, one-stop resource.

“When families fall behind on mortgage payments due to a job loss or pay cut, Governor Quinn’s Illinois Foreclosure Prevention Network (IFPN) stands ready to help them,” IHDA Executive Director Mary R. Kenney said. “IFPN coordinates every available statewide resource for homeowners, and provides critical tools – such as counseling. Homeowners who undergo counseling are twice as likely to keep their homes.”

IFPN has made a difference in the lives of so many Illinois families, such as Maria Perez of suburban Carol Stream. After her divorce in 2008, Perez struggled to pay her mortgage and save for her two sons’ college education.

When she lost her job as a school registrar last year, Perez turned to the DuPage Homeownership Center – which assisted her in applying for temporary financial assistance available under IFPN’s flagship program, the Illinois Hardest Hit program. The program enables qualified unemployed or underemployed homeowners to get current on their payments or receive monthly assistance.

“The Illinois Hardest Hit program bought me some time to consider my options calmly. It gave me time to breathe,” said 48-year-old Perez.

IFPN events to enable homeowners to receive counseling or legal advice, apply for financial assistance and potentially receive an on-site loan modification from participating lenders are scheduled this spring. IFPN’s next regional events are planned for Peoria and Rockford in April and June, respectively.

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Helping the Community by Getting the Word Out PDF Print E-mail
News Releases - Business & Economy
Written by Mark McLaughlin   
Thursday, 31 January 2013 14:57
Greater Quad-Cities Hispanic Chamber of Commerce Names Results Marketing as Small Business of the Year
IA/IL QUAD CITIES – In a hectic world filled with an endless array of websites, broadcast channels, and print publications, placing a community message in front of its intended audience can be a difficult, time-consuming experience. To make the process easier for one social group, while giving back to the community, Results Marketing regularly assists the Greater Quad Cities Hispanic Chamber of Commerce (GQCHCC) with their communications needs.

The GQCHCC showed their appreciation to Results Marketing during the awards presentation at their Annual Gala, held Jan. 26 at the Quad-Cities Waterfront Convention Center, Bettendorf, IA. The GQCHCC presented Results Marketing with the award for Small Business of the Year, in recognition of the ongoing marketing and communications support that Results Marketing provides.
“The team at Results Marketing is deeply honored by this award,” said Todd Ashby, Managing Partner of Results Marketing. “We enjoy working with the Hispanic Chamber and take great pride in contributing to the success of their growing organization.”
The complete list of GQCHCC 2012 award recipients is as follows:
Corporation of the Year: Ascentra Credit Union
Small Business of the Year: Results Marketing
Community Leadership Award: Hola America Media Group
Student Leadership Award: Salvador Mojica
Ambassador of the Year: Mike Reyes
For more information on Results Marketing, call 563-322-2065. Feel free to befriend Results Marketing on Facebook at www.facebook.com/ResultsIMC

For more information on the Greater Quad Cities Hispanic Chamber of Commerce, visit www.gqchcc.com or call (309) 797-8650.
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