NAWBO Chicago, Time to Get In the (Cash) Flow

November 2020 Newsletter

Did you know...

If you attended the NAWBO Chicago Celebration of Achievement Conference "Reimagining Possibilities", the app is still live! For quick access to the app, click here. All recordings of the sessions will be available on the app for an entire year and you will have access to all sessions and the panel discussions until August 31, 2021. We hope you can utilize this content to improve your business and view any sessions that you missed.

A Message From Our President

Elizabeth Colón

NAWBO Chicago Board President

Metaphrasis Language & Cultural Solutions, LLC

The days are getting shorter and colder, but we still have time left in this year. For many businesses, this year has been incredibly tough and there is a temptation to want to wish away the rest of 2020 to get to the new year. But Q4 is a crucial period. In keeping with our monthly theme of “In the Flow,” I encourage you to dedicate some time to evaluate your cash flow before the yearend, both as a measure of the present state of your business and as a starting point for future growth.

Membership Insights: In the Flow

Business owners have had much to wrestle with this year. What tips do you have to help our members project/manage their cash flow, keep more of their hard-earned cash, and/or access capital before they are financially strapped?

These are difficult times, made worse by the lack of clarity with some of the pandemic related funds. For those who received PPP loans, there is no assurance as to whether your expenses will be deductible if the loan is forgiven.

Linda Forman

Linda Forman CPA, P.C.

My first piece of advice to fellow NAWBO members is to BREATHE. We will get through this dastardly year called 2020 but we must visualize ourselves getting through the mud and the muck! Our thoughts are powerful and they have infinite organizing powers.

Angie Noll

Reconciled Solutions

Tips for managing cash flow during trying times –

-Revisit variable costs – Trim expenses where you can.

-Manage receivables – Make efforts to improve collections.

-Extend payment...

Sue Oldenburg

Oldenburg Accountants & Advisors

Meet the Board: Deb Dietz

Director-at-Large; Founder & CEO - SMB Value Partners, Inc.

What do you hope to contribute to NAWBO during your term as a board member? What are your top priorities?

To advocate for, provide leadership to, and increase awareness of NAWBO Chicago as THE member community for female business owners, showcasing our focus on advocacy, education, networking and support.

Deb also shares her personal career accomplishments and the hero who helped shape her path.

NAWBO Chicago Featured by Comcast

Thank you to Comcast “Community Connection/Community Expressions” for highlighting NAWBO Chicago! Watch here to see NAWBO Chicago President Elizabeth Colón feature our chapter.

Let’s Take A Retirement Test Drive

As a new year approaches, you are likely putting plans in place for your future. With the dilemmas we’ve all faced in 2020, you may be second-guessing any plans you’ve tentatively set. Retirement is probably something you’ve been dreaming about for years – and we don’t blame you. Some want to escape to a sunny beach or calming mountain top, while others just want to sip coffee on their porch in the morning and escape the rat race that comes with owning and operating a business. A financial representative can help you navigate the loads of information out there about retirement planning and different approaches you can take.

Join a NAWBO Chicago Committee!

Are you interested in getting involved and joining a committee with NAWBO Chicago? Whatever your passion, we have a committee for YOU! Each committee is an opportunity to help NAWBO Chicago thrive by progressing the issues and actions so valuable to women business owners. Join a committee today!

Advocacy Committee
Diversity Committee
Membership Committee
Celebration of Achievement Committee

Learn More

Please consider purchasing a raffle ticket to help support Female Strong, an organization that is passionate about helping young girls become leaders. From their tween to teen years, confidence in girls drops 46%. As business women, we know how important confidence is and how much we must encourage it in the next generation of budding entrepreneurs!