Archive for September, 2008

Entreprenurial Qualities

September 29, 2008

Starting your own business is a dream many people have but few pursue.  The vision of being your own boss and reaping direct financial rewards from your own hard work can be very appealing.  Having a great concept or brilliant innovation will certainly open doors for your endeavor, but it’s the person behind the business that will ultimately direct its success or failure.

Though there is no litmus test for a successful business owner, many thriving entrepreneurs share similar personality qualities which indicate a better chance for survival in the daunting realm of self employment.  If you have decided to work for yourself, consider your personality type to realize strengths in the areas that research has proven will help you.  Conversely, try to face those areas in which you have weaknesses and commit to improving upon them so that you can make the best of your situation.

Many of the traits associated with successful entrepreneurs are exemplified by people who exhibit self-confidence and self-reliance.  A confident person is a visionary who is courageous, idealisic, passionate and innovative.  The confident person takes risks and adapts with flexibility and resourcefulness when things don’t go as planned.  Someone with self-reliance is independent and dedicated.  They are willing to sacrifice creature comforts and are committed to their vision, not quitting until they feel satisfied with the results.

Taking an online quiz is an interesting exercise and can jump start your own entrepreneurial self-evaluation. No test is a certain indicator of who you truly are or predictor of what you will become, but has several types of interactive examinations and SCORE has a good start up quiz.

If you have recently decided to become self-employed or if you are already on the journey but feeling the strains of self-sufficiency, know that there are resources in the market to support your business endeavors while still respecting your autonomy. Office Business Centers like The Suites Collection offer you a private furnished workspace with internet and phone. We also have onsite staff to provide you administrative support. Contact us today for a tour and find the right place to begin or expand your dreams.


Let education work for you.

September 18, 2008



Enrich your business acumen and increase your company’s efficiency by continuing your education.  Why not attend a free workshop or find one of the constant learning opportunities available online?  Participating in classes and seminars will benefit your customers and be a great networking activity for you.  We’ve researched the local programming options on behalf of our business center tenants and would like to share the news about these opportunities:  


The City of Chicago Department of Business Affairs offers several free seminars every month.  Classes are held at City Hall – 121 N. LaSalle St., Room 805.   Call 312-744-5344 to reserve your spot for one of these upcoming topics:


Maximize Your Marketing Opportunities                                 (9/19:  9:30 – 11:00 am)

How To Get Certified & Doing Business with the City              (9/24:  1:00 – 4:30 pm)

How To Finance Your Business                                                (9/26:  9:30 – 11:00 am)


Chicago’s SCORE chapter holds low cost seminars in their office located in the Citibank Center at 500 W. Madison, Suite 1250.  Fees are $40-$50 for advance registration through their website and $50-$60 at the door. 


Going into Business:Evaluate Yourself, Take the First Steps    (10/7:  8:45 am – 12:30 pm)

QuickBooks: Quick Start for Startup Business                         (10/8:  8:45 am – 12:30 pm)

Accounting, Taxes & Risk Management                                   (10/21:8:45 am – 12:30 pm)


Online “webinars” are convenient because you can schedule them anytime and take them from anywhere.  The Business Owners Toolkit is a website dedicated to giving small business owners the tools you need to start, run and grow your business.  Their class list for online webinars is extensive.  For an example, click below to learn how to:

Build A Business Plan

Choose A Legal Structure

Put Your Business Online

Good luck.  We hope you find the class that works for you!


What type of Office Space will fit your business needs?

September 15, 2008

Why choose shared offices?  #4: Flexibility

Many growing businesses will eventually need a strategy for their expanding space needs.  For the small business owner, this decision requires understanding the long term benefits of leasing conventional space verses the flexibility of leasing space in an office business center.

Conventional lease terms are typically a minimum of two years long and can require a significant security deposit depending on the business’s financial condition.  Longer term leases will allow your customization of the build-out and wiring for your own equipment.   Once a traditional space is leased, you will purchase telecommunication and networking equipment and services in addition to furnishings and business equipment.  This type of arrangement is a good option for companies with large space or predictable long term requirements.   If that is not your situation, committing to a space with a traditional lease may be too complicated, lengthy and expensive.  

The alternate choice is an office business center, also called a “shared office”, “executive suite” or “serviced office”.  Business centers have large amounts of space within prestigious buildings with smaller offices for rental to individuals and companies.  These offices come fully furnished, well appointed and pre-wired for telephone service and high-speed internet.  Shared services will include copy and fax machines, conference rooms, kitchen facilities and a reception area.  Utilities and nightly cleaning are generally included.  Most importantly, though, you are able to move into your office right away.  As time goes by, space can be expanded or reduced to accommodate seasonal, project or other growth requirements.    

Another benefit of an office business center is the administrative team which is in place to help you create your professional image without investing in your own support personnel.  When you are away from the office, the business center’s staff will be there to answer calls and accept deliveries.   Because the center’s staff assumes the responsibility for running the office, you can devote yourself to running your business.

Find out more about offices in our centers!

60 W. Randolph – Theatre District Business Center

101 W. Grand – Court House Executive Offices

4 E. Ohio – Tree Studios, Historic Center for Creative Arts



Lunchtime in River North

September 5, 2008

After we published our last restaurant list, we received so many more great recommendations for restaurants in River North that we decided to serve up another course.  Here are ten more restaurants you don’t want to miss when dining near our business centers.

Frontera Grill

Frontera Grill

Two winners of the prestitious James Beard Award can be found a block away from Court House Executive Offices.  Carrie Nahabedian, chef and co-owner of NAHA at 500 N. Clark, won the James Beard asard for “Best Chef Great Lakes” this year.  NAHA’s food blends Calofornian and Mediterranean flavors and their extensive wine list is created “with the philosophy that food and wine are not only to complimnet each other, but to inspire and touch all of our senses”.  Right across the street at 449 N. Clark are Frontera Grill and Topolobampo, where owner Rick Bayless won the James Beard Award for “Best American Chef: Midwest” in 1991 and “National Chef of the Year” in 1995.  We are expecting a third concept in the very near future.

Fulton's on the River

Fulton's on the River

Before the weather turns cold (for good) head to Fulton’s on the River at 315 N. LaSalle for the seafood, the steak and a seat on the patio overlooking the action on the Chicago River.  No time to sit back and enjoy the view?  For quick and light fare, try the new Einstein’s Bros.  Bagels at 400 N. Dearborn for a sandwhich soup and salad or a bagel with a shmear.

Hub 51

Hub 51

Hub 51, at 51 W. Hubbard, opened recently and caters to cravings.  Richard Melman’s sons, RJ and Jerrod, have created a broad menu with everything from seafood and sushi to tacos and burgers in a great, soaring loft space with a very popular bar.  Look for the red high heel.  If you are in the mood for authentic regional cuisine, Ben Pao at 52 W. Illinios or India House at 59 W. Grand offer delicious international dining and have affordable lunch specials.

Ben Pao

Ben Pao

Wind down for your week at Shaw’s Crab House or its Oyster Bar.  This retro seafood house at 21 E. Hubbard offers an exceptional selection of fish and oysters flown in daily.  Then, head to Pops for Champagne on the corner of State and Ohio streets to jazz up your life with live music most nights of the week.  Serving more than 125 champagnes & Sparkling wines in addition to small plates and desserts, Pops does this all in one of the most celebrated buildings in the city, Tree Studios.

Pops for Champagne

Pops for Champagne