Report Finds Female Entrepreneurs Happier than Male Entrepreneurs

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In mid-June, Babson College and Baruch College issued their 2013 Global Entrepreneurship Monitor (GEM) U.S. Report. While the report was focused on entrepreneurs of all ages and sexes, the researchers made an interesting finding about the well-being and disparities facing entrepreneurs. Researchers discovered that established female entrepreneurs/business owners personally ranked their well-being as being twice […]

A Guide to Online Business Laws

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In the past 20 years, online businesses have become a powerful force in the global economy. By setting up an online website to attract and distribute goods to customers, entrepreneurs and business owners are discovering the financial benefits to operating an online business in lieu of/in conjunction with a traditional storefront. However, like all things […]

Highly Litigious Climate Presents Challenges to Small Business Owners

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A recent business climate report surveyed thousands of small business owners and asked them to apply a letter grade to the business regulations for operation in their state. Illinois was one of the six states that received a failing grade in the report. This report, along with others, has indicated that Illinois is at the […]

Information Regarding the Illinois Medical Marijuana Pilot Program

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Since the Illinois state government’s approval of medical marijuana in 2013, both patients and entrepreneurs have been wondering when marijuana dispensaries can begin operating. A year later, dispensaries and marijuana cultivation centers have not yet been opened, but in the next year such businesses should be able to operate in Illinois. Earlier in July, Illinois lawmakers […]

Small Business Owners: New Option for Dealing with Slow Paying Clients

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Landing a big corporate or state client is the dream of most small business owners. However, once invoices are submitted they often have to wait months for payment. While bigger corporations can absorb the costs associated with waiting for payments, small businesses often find themselves struggling financially while waiting for money they are owed in […]

Corporate-Startup Challenge Connects Entrepreneurs with Corporations

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The Illinois Corporate-Startup Challenge is an innovative pilot program that has just concluded a successful inaugural year. Part of Governor Pat Quinn’s broader job creation and innovation goals, the Illinois Corporate-Startup Challenge connects big business with entrepreneurs and startups in various commerce fields. The pilot program, created by the Illinois Innovation Council and overseen by […]

Microloans Present Viable Funding Options for Entrepreneurs

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Microloans are small loans made to small business owners and entrepreneurs. The borrowers of microloans are typically those who lack the necessary credit history, steady employment, and collateral necessary to receive a loan from a traditional lending institution such as a bank. Microloans can be used as working capital. They can also be used in […]

A Guide to Starting Your Small Business in Illinois

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Illinois is known as being one of the toughest states in the U.S. to start and operate a business. Due to the extensive regulations, taxes, and other red tape, entrepreneurs looking to set up shop in Illinois must be well educated about the rules and laws governing business operations in the state. However, to help […]

New Small Business Administrator Appointed to United States Senate

small business administration

Earlier this week the year-long search for a new Small Business Administration (“SBA”) leader ended with the appointment of Maria Contreras-Sweet. Contreras-Sweet was nominated by President Obama, and was confirmed this week by the U.S. Senate. Many believe that Contreras-Sweet’s appointment will breathe a breath of fresh air into the SBA, while also encouraging the […]

Religious Objections and the Provision of Contraception Under Employer-Based Insurance Programs

Affordable Care Act and Contraceptives

The Supreme Court of the United States has a very important case before it that could have a big impact on the obligations on an employer’s duty to deliver health insurance for its employees. The Supreme Court must determine whether for-profit corporations can refuse to provide contraception coverage, as required under the Affordable Care Act, […]