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The Business Resource for Suburban Chicago
Tuesday, March 31, 2015 6:17 AM
  • While I don’t have a crystal ball, I have a few predictions for the coming year based on what I’m hearing from our clients in Chicago, the suburbs and beyond. 
  • A game changer in the Delaware courts
    On May 8, a ruling was issued from the Delaware Supreme Court upholding corporate bylaws that require a losing party in litigation against a company to pay the winner’s legal fees. 
  • Keeping the Lake County promise
    As a leading economic development corporation focused on improving Lake County’s economic vitality, Lake County Partners works to retain and attract businesses by communicating the assets that Lake County can be counted on to deliver — what we call “The Lake County Promise.”
  • The ‘blame game’ and college enrollment
    While most news reports may lead us to believe the unemployment rate is improving, turning our attention to the fine print gives us a better understanding of the challenges colleges face as our economy continues to struggle.
  • Small business, medical communities join forces
    The health insurance premiums for most small businesses began to significantly increase long before President Obama occupied the White House.
    The majority of small business owners have had no better luck procuring affordable health care since he has taken office. Simply put, many small businesses and entrepreneurs are paying unreasonably high health insurance premiums. Escalating health care costs are impacting the growth of small businesses and impairing their ability to retain top talent.  
  • Illinois has been in the business of awarding lavish tax breaks to companies threatening to leave the state for over a decade. In 2011, as the Illinois legislature raised personal income taxes by 66 percent, the state also awarded $161 million in EDGE tax credit certificates (the largest increase since the program was created) to select businesses to keep them in, or lure them to, Illinois. 
  • What the medical marijuana law means for business
    Last month, the Illinois legislature passed a bill authorizing the medicinal use of marijuana under certain specifically defined situations. 
  • Recently, on June 11, 2013, the United States District Court in the Southern District of New York ruled in favor of two plaintiffs, Eric Glatt and Alex Footman, as unpaid interns who worked on a film production of Black Swan in New York in 2010. 
  • Small business owners stress about pricing their goods and services. They want customers to buy their products, but fear a high price will be a turnoff. If they have a chance to negotiate price, they sometimes succumb to the demands of a potential buyer, and end up losing money on the sale. 
  • Importance of emotional intelligence in the workplace

    Emotional intelligence — the ability to identify and control your emotions — can prove a tremendous asset in the workplace, and some argue it’s more indicative of on-the-job success than top-notch technical skills or IQ. The good news for employers: It’s a skill that can be learned and honed over time, producing advantages on the factory floor, in cubicles and in c-suite offices in large corporations and small businesses alike. 
  • Politicians often repeat this mantra, especially around election time: “small businesses and entrepreneurs are the backbone of the American economy.” 
  • The biggest breakthroughs in the history of business — and the history of the world — are never the result of conventional thinking, says Maria Ferrante-Schepis, a veteran in the insurance and financial services industry who now consults Fortune 100 companies such as GE with innovation agent Maddock Douglas Inc. 
  • Marketing is many things but one thing that marketing isn’t and that it’s not one dimensional. Marketing can mean and represent many different things to many different people. 
  • David Davis, the owner of Davis Audio & Video, is generally reserved when talking about political issues that impact his successful, family-owned, small business. However, when David talks about how difficult it is to compete with large online retailers, whose customers do not pay sales tax, he becomes passionate. 
  • The Small Business Administration recently finished its fiscal year, and it was a record year on most all accounts. 
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