Financial
Gay CEO on navigating business challenges during pandemic
Embracing diversity, resisting ‘Old World’ thinking are keys to success for Chicago’s Skolnik Industries
(Editor’s note: This is the first in a multi-part summer series of stories taking a closer look at how a group of diverse LGBTQ entrepreneurs survived and thrived during the pandemic. The series is sponsored by the National LGBT Chamber of Commerce.)
Walking his sparky chihuahua-mix Finnegan with his husband through downtown Chicago is one way Skolnik Industries President Dean Ricker relaxes while successfully guiding a multimillion-dollar corporation through a pandemic.
Ricker told the Blade that diversity was their key to success: diverse products and diverse perspectives.
Chicago-based Skolnik manufactures carbon and stainless steel drums for containing critical contents from hazardous materials to California wines.
While businesses across the United States and the world are experiencing inflation and other pandemic economic impacts, American manufacturing has also been on the decline for decades.
But Ricker finds it important to resist “old world” thinking when confronting current challenges. He explained to the Blade how listening to a variety of perspectives was Skolnik’s not-so-secret ingredient to surviving the pandemic crisis.
“We don’t have to think and operate like it’s 1950,” Ricker said. “As someone who is gay and a leader of a company, I bring a unique perspective to a table where people of all backgrounds are supported.”
National LGBT Chamber of Commerce (NGLCC) Co-founder and President Justin Nelson also told the Blade a commitment to diversity can be critical to economic recovery.
“As the economy regains its footing in the months ahead, leading with a commitment to diversity – as a business owner and a consumer – can help supercharge our economy and our community back to where we should be with our $917 billion purchasing power,” Nelson said.
Ricker added that what set Skolnik apart was “we’re quirky.”
The upbeat executive who describes Finnegan as “the cutest dog in the whole world” is proud that his company strives for a culture where “people of all backgrounds are supported.”
And this inclusive atmosphere proved critical during the COVID-19 crisis.
‘Supplies are down, prices are up’
According to the Federal Reserve Bank of Minneapolis, the “Rust Belt” — industrial manufacturing centers located primarily in the Midwest — began its long, downward spiral after 1950 and experienced a steep decline into the 1980s.
Across this 30-year period, Rust Belt employment fell around 28 percent while manufacturing jobs fell nearly 34 percent.
The Atlanta Fed notes this decline sharply impacted industrial centers across the country, such as in Baltimore, Pittsburgh, Buffalo, Detroit, and Chicago, as well as across the U.S. economy as a whole.
While the current pandemic economic pressures such as labor shortages and supply chain issues were initially focused in the hospitality and food industries, Skolnik noted how challenges spread to the manufacturing sector as well.
In March they tweeted: “Historic trucker shortages, port logjams and labor strikes are just some of the elements that are bringing the wine industry to its knees this year. Supplies are down, and prices are up, across the board.”
And yet, while the pandemic forced many businesses to make tough decisions, Skolnik persevered and thrived.
Zoominfo reports more than $30 million in revenue for Skolnik and more than 200 employees, while Glassdoor, a website where current and former employees anonymously review their employers, states 64 percent of respondents would recommend Skolnik to a friend.
“What is important is the role that diversity plays in the organization,” Ricker said. “You’re not myopic in your thinking.”
LGBTQ inclusivity helps the economy
Ricker, a Crain’s Chicago Business Notable LGBTQ Executive for 2019, said having a “rainbow” of people at the table from different backgrounds and with diverse experiences helped diversify their thinking and their markets — a tactic critical to their survival in an otherwise challenging industry.
“When one industry goes down, like automotive,” he explained. “We saw a pick up in the pharmaceutical industry. During the pandemic we did a lot of packaging related to vaccines and hand sanitizer.”
And research indicates when businesses are LGBTQ inclusive, for example, it has a positive impact on the economy as a whole.
University of Massachusetts Economics Professor M.V. Lee Badgett, a Williams Institute Distinguished Scholar and author of “The Economic Case for LGBT Equality: Why Fair and Equal Treatment Benefits Us All” told the Blade that for an economy to perform well it needs everyone to contribute as much as they have to offer.
“The problem with exclusion is it holds LGBTQI people back,” explained Badgett, who was named one of the 20 most powerful lesbians in academia by Curve Magazine in 2008. “If they aren’t able to develop their knowledge, skills and creativity, then they are not able to contribute as much as they could potentially to the overall economy.”
Badgett said challenges faced by LGBTQ youth, such as bullying and discrimination in housing, employment, and health care, are barriers that keep them from full economic participation over time and can ultimately harm the economy as a whole.
She pointed to the current labor shortage cited by many businesses as a significant pandemic challenge, and explained how bullying in schools can lead to workforce exclusion.
“If LGBT students face bullying in schools, they have lower GPAs, drop out, and are less likely to go to college. A bullying environment is not a good learning environment, and that’s a key tie to employment,” Badgett said. “They will not have the necessary skills and knowledge to take into the world.”
This, in turn, reduces the pool of available workers, a problem further exacerbated by pandemic pressures on disparities already faced particularly by LGBTQ people of color.
“When we can [instead] reduce the level of exclusion, we make it possible for people to put their whole selves into their job and that has a positive impact on everyone,” Badgett said.
“It’s good for LGBT people to be more included economically for their health and long-term economic status,” she added. “We think that will pay dividends over time as the economy prospers.”
NGLCC provided sense of community in a crisis
As a gay business executive, Ricker also noted the important role the NGLCC played in helping Skolnik weather the COVID-19 crisis.
It provided a space where other queer business leaders could gather and problem-solve on a national level. It was also a chance to gain support and learn from each other.
“Just watching other companies going through the same thing we were and hearing their stories served as an inspiration,” he said. “One challenge right now is hiring people. Highlighting that we’re an NGLCC member and an LGBTQ-owned business helps.”
NGLCC’s 2017 economic report found companies that engaged in Pride activities saw an increase in diverse job applicants, new diverse supply chain applicants, and a deeper LGBTQ consumer loyalty.
Ricker added highlighting that membership lets LGBTQ job seekers know Skolnik is a queer-supportive place to work.
“There are a lot of businesses out there where you can’t be yourself,” he said. “I saw our company as an oasis for talented people where they can be themselves. In manufacturing there are unfortunately a lot of ‘old world’ attitudes out there.”
But despite the pandemic and historical challenges his industry faces, Ricker is still excited about the future and a possible resurgence in American manufacturing.
“Supply challenges have highlighted the importance of American manufacturing,” Ricker said. “We still need to make things here in the U.S. And it’s exciting that an LGBTQ-owned business can be a part of that.”
The idea of a recovering economy and the future opportunities it brings for his industry really “jazzes him up,” along with enjoying a nice glass of a California Cabernet aged in one of Skolnik’s barrels — the flavor sweetened from “knowing that we had something to do with its production.”
A group of Skolnik Industries employees (Photo courtesy Skolnick Industries)
One of the biggest headaches of the new home process is the actual moving part. By the time someone is buying a home, most people are beyond the “I just need a pickup truck, a pizza and a case of beer for my friends.”
If that is still someone’s preferred way to move, that’s great. However, many people find they need a much more robust plan. It can also trigger a lot of feelings about items one owns, what to do with them, do they have too much, should I keep this memento that I never use? Etc.
Moving is a chance for a person to “clean house” literally, figuratively, spiritually and energetically. A person can figure out which items they want to keep, and which need to go. As someone who recently moved across the country, I can speak to this experience. It’s also time for what people call “the fresh start effect.” This phenomenon, according to psychologists, can happen in little moments (like the start of a new work week) and bigger moments (such as moving from one home to the next).
The fresh start effect offers these benefits often mentioned by psychologists:
- Mental Accounting: Dates act as chapter breaks, letting you put past failures into a previous period.
- Psychological Distance: You separate your flawed past self from your aspirational future self (“That was the old me”).
- Optimism Boost: New beginnings clear mental clutter and increase your sense of agency and control
Does this mean that “the new you” will be the perfect version you envisioned? Probably not. We are humans. But it might mean you get a chance to “leave some of the old you behind” within the walls you used to live in, and now have a chance to have a new layout, a new décor, a new color pattern, new wallpaper, donate old furniture and books or magazines, throw out clothes you no longer use or fit in, and enjoy the opportunity to literally use the, “Does this spark joy?” method that was made so popular by Marie Kondo in her Netflix series.
So, for all its hassle and headache, moving is a chance to shake off the “old you” and try on the new you, to incorporate the items you would like to keep and use more of, and shed the items, habits, and ways of thinking that you feel no longer serve you.
I can speak to the experiences that several of my clients had when they moved from a previous residence to a newer one. It usually coincided with a change in relationship status, a change in employment, a change in family size, but sometimes it just seemed to correlate to a new attitude and perspective that the client was really hoping for.
I have literally had clients come to me after the fact, in tears, that they were so happy they made the decision to move out of a situation that no longer served them, and move into one that felt like a much better fit.
Change can be annoying and overwhelming at times, but usually most people come out the other side, not wanting to return to the way they were before.
Joseph Hudson is a referral agent with RLAH. Reach him at 703-587-0597 or [email protected].
Real Estate
With gas prices soaring again, a staycation is a good plan
Home can be your personal retreat and your own private resort
When airfare costs more than your monthly utility bill and a weekend road trip requires a second mortgage just to fill the gas tank, many homeowners are discovering an unexpected luxury: the staycation.
A staycation isn’t settling for less—it’s reaping the benefits of one of the biggest investments you can make: your home. Much more than a place to sleep, it’s your personal retreat, your gathering place and, with a little preparation, your very own private resort.
Whether you own a single-family home, a townhouse, or a condo, creating a memorable staycation starts with appreciating what made you fall in love with your property in the first place.
Start with a home refresh. Think about checking into a beautiful vacation rental. It’s spotless, organized, and inviting. You can recreate that same feeling by spending a day preparing your home before your staycation officially begins.
Clear away clutter, deep clean the bathrooms and kitchen, wash the windows, and put fresh linens on every bed – even if you’re not expecting guests. Fluff the pillows, light a favorite candle, and place fresh flowers on the table. These small touches instantly make your home feel more luxurious.
If your budget allows, hiring a professional cleaning service can be one of the best staycation perquisites you make. After all, vacation should begin the moment you wake up and not after you’ve spent the day scrubbing floors.
Treat your staycation like a real trip. Set away messages on your phone and out of office notices on your email. Skip unnecessary chores for a few days. Giving yourself permission to relax may be the most valuable part of the entire experience.
One of the greatest advantages homeowners have over travelers is private outdoor living space. Whether it’s a spacious backyard, a screened porch, a rooftop terrace, or a cozy condo balcony, these areas can become the centerpiece of your staycation.
Stringing lights and adding comfortable seating, colorful planters, and outdoor rugs can completely transform the atmosphere without spending thousands of dollars. Add a portable fire pit, a tabletop fountain, or a hammock, and suddenly your backyard starts competing with many resorts.
Host an evening cookout, organize a game night, invite neighbors over for dessert, or gather around the fire pit for conversation after sunset. These simple moments often become the memories we treasure most.
Inside, transform your family room into a home theater complete with popcorn and comfortable blankets. Turn your breakfast room into a morning coffee café. Designate a quiet reading corner where phones are prohibited. Create a spa-like bathroom with plush towels, candles, bath salts, and relaxing music.
One of the highlights of traveling is experiencing new food. Instead of dining out every night, create themed dinners inspired by your favorite destinations. Prepare homemade Italian pasta one evening, Caribbean grilled seafood another, or a backyard Texas barbecue over the weekend. For a touch of whimsy, dress the part.
Pair each meal with music and libations from the region and enjoy dinner outdoors whenever possible. Suddenly, your dining room becomes part of the vacation experience instead of just another place to eat.
Families with children can turn a staycation into an adventure by seeing their home through a child’s eyes. Set up a backyard camping experience with a tent, flashlights, and s’mores around the fire pit. Transform the living room into an indoor campground complete with sleeping bags and a movie under a blanket “fort.” Organize a backyard Olympics with relay races, water balloon tosses, scavenger hunts, or miniature golf using household items.
Encourage children to plan a family picnic in the backyard or on the patio, choose a theme for a movie marathon, or help prepare meals inspired by countries they’d like to visit someday. The goal is to create experiences your children will remember long after summer is over.
Enjoy the amenities you already pay for. Condominium communities and many planned neighborhoods offer amenities that residents often overlook.
Swimming pools, fitness centers, tennis and pickleball courts, walking trails, clubhouses, grilling stations, and community gardens are designed to enhance your lifestyle. During your staycation, make a point of exploring everything your community offers. You may discover you’ve been living beside your own private resort all along.
Real estate professionals often talk about resale value, appreciation, and return on investment. While those things certainly matter, there’s another return that’s harder to measure: the enjoyment you get from living in your home every day.
You don’t need a boarding pass to recharge. You don’t need a hotel reservation to make memories. Sometimes the perfect getaway is the one you already own.
Valerie M. Blake is a licensed Associate Broker in D.C., Maryland, and Virginia with RLAH @properties. Call or text her at 202-246-8602, email her at [email protected] or follow her on Facebook at TheRealst8ofAffairs.
Real Estate
When buying a home, it’s decisions, decisions, decisions
Keeping notes on the process makes for an informed purchase
When looking to buy a home, there are lots of details to consider. Many of my clients would come to me and say, “Joe I want to buy a place, but I haven’t decided which neighborhood to buy in.” And the struggle was real. A few clients had everything decided from the color of the hallway walls to the cabinet handles and sometimes which three square blocks they wanted to look at.
But other clients were occasionally looking at properties in areas as distinct as Union Market/NOMA, Brookland, Logan Circle, and then we would even go across the river to look at a property in Shirlington or the Van Dorn areas of Virginia, which all have their own unique flavor and characteristics.
Sometimes clients would tell me, “I only want to look in Mount Pleasant or Adams Morgan.” Or, “don’t even show me any properties west of this street or south of that street.” My job wasn’t to convince people where to live. It was to just take the parameters they set for me and find as good of a property in that zone as I could, coordinate the showings and, if necessary, offer the strategy.
One can see that buyers often had more decisions to make than a seller. From a seller’s perspective, the house was where it was, and we just had to make the best of it. But working with a buyer could mean looking at five different neighborhoods, and then being a “thought partner” to help them figure out which were the top two or three areas they had seen, and then further distilling those down into what was available and weighing those options against each other.
One house could have the dream bathroom but also be located six blocks further from a Metro stop, walkable shopping and dining, and “just too far away from my friends.” Another house could have all the neighborhood options a client was looking for, but was just not in turnkey condition, and would require an additional $30,000 of upgrades once purchased to make it into the dream home they envisioned.
One activity I often asked buyers to do was to keep an active list in their heads of the properties they liked, and to keep a running rank of the top three. I often encouraged them to bring a notebook along on the journey where they could take notes and write down questions they thought of as they looked. It was an important decision, and sometimes the largest purchase of their lives. Why not take it a little seriously, and take notes? This could often help the buyer later when they felt it was time to decide.
The point here is, keeping a notebook handy can sometimes help a person with what feels like an overwhelming process. It provides a space to explore how one feels, jot down important details to remember, and then use that to make an informed decision.
Joseph Hudson is a referral agent with RLAH. Reach him at 703-587-0597 or [email protected].
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