Flexible Service Levels Agreements: Fostering Trust and Commitment

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Service level agreements, or SLAs, are contracts entered into by service providers and an end user—typically another business. Both large and small businesses utilize SLAs with service providers, though at least arguably it is the larger businesses who possess more bargaining power when contracting under SLAs. In addition, SLAs are out-based contracts that exist primarily […]

Private Retirement Savings Program Provides An Edge for Small Business

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The Illinois Secure Choice Savings Program, also known as Senate Bill 2758, is a proposed amendment to the Illinois State Finance Act that, if passed, could provide millions of Illinoisans with a new way to hold secured retirement savings on their own terms. This retirement savings program has garnered a great degree of positive support […]

Disabled-Access Lawsuits against Small Businesses on the Rise

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In recent years, small business owners have faced an increase in disabled-access lawsuits filed by non-patrons of their business. In fact, from the beginning of 2014 through June 30, 2014, 1,939 lawsuits were filed under the section of the federal disability law that provides enhanced accessibility requirements for all public places, including small businesses. This […]

Small Business Owners Not Flocking to New Health Care Exchanges

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Under the Affordable Care Act (ACA), businesses with less than 50 employees are not required to provide healthcare coverage to their employees. However, because of the ACA, there are now additional small business health insurance options available to employers, and employees can also obtain individual coverage through the federal health care exchanges, and soon through state-based […]

Methane Business on the Rise in Illinois

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A recent economic analysis presented by the Environmental Defense Fund revealed that there are currently hundreds of methane-mitigation facilities across the country that are saving $1.8 billion each year in wasted methane. Around 60 percent of the methane-mitigation businesses are small businesses that pay workers handsomely for their services. This report also identified Illinois as […]

Kickstarter Bringing Big Rewards to Illinois Businesses

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Small businesses throughout Illinois have found significant success through the use of Kickstarter, the nation’s leading crowdfunding website. Take, for example, the former owners of the Bang Bang Pie Shop in Lincoln Square, Chicago. The owners had dreamed of opening a storefront for their business through the creation of a local area pie shop. They […]

Assistance Available to Small Businesses in Construction Industry

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The Illinois Tollway and Illinois Community College Board recently announced that the Workforce and Professional Development Institute (WPDI) of the College of Lake County (CLC) would be named the fourth Northern Illinois location to provide services and assistance to small businesses operating in the construction industry through the Construction and Business Development Program (CBDC). The […]

Difficulties Faced by Small Businesses in Illinois

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Illinois is considered one of the most difficult states in which to conduct business operations. The reasons for this difficulty include the high costs and barriers of entry into the market, such as the high taxes and licensing fees imposed by Springfield. Various complaints about the business climate in Illinois include the arguably unnecessary reporting […]

Potential End to U.S. Export-Import Bank May Impact Illinois Exports

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Illinois is one of the top five states in the nation when it comes to exporting services and goods abroad. In fact, the state exports over $66 billion in services and goods each year, allowing international trade to account for 10 percent of the state’s total economy. Part of the reason that states such as […]

Governor Quinn Signs New Law Targeting Patent Trolls

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Patent trolling is the process of sending misleading demand letters to a business and claiming that the business committed some act that violated the patent owned by another business or person. The letters typically demand that the business either cease the allegedly illegal patent violation or that the business pay royalty fees for continued use […]