How To Get A Business License In Illinois

How To Get A Business License In Illinois Though the Windy City may not actually be significantly windier than any other U.S. city

16.Behind every failed company are dysfunctional, delusional, or incompetent business leaders. The irony is, none of the...
22/04/2022

16.Behind every failed company are dysfunctional, delusional, or incompetent business leaders. The irony is, none of them had the slightest idea that was true at the time. Even sadder, most of them still don’t. Don't end up like one of them.

15 . You don’t know what you don’t know.Humility is a powerful trait for leaders, and that goes for new business owners,...
22/04/2022

15 . You don’t know what you don’t know.
Humility is a powerful trait for leaders, and that goes for new business owners, veteran CEOs of Fortune 500 companies, and everyone in between. More times than not, you will come to regret thinking you knew all the answers.

14.Know your finances inside and out.If you don’t know your revenues, expenses, capital requirements, profits (gross and...
22/04/2022

14.Know your finances inside and out.
If you don’t know your revenues, expenses, capital requirements, profits (gross and net), debt, cash flow, and effective tax rate – among other things – you’re asking for trouble. Big trouble.

13.Run your business like a business.Far too many entrepreneurs run their business like an extension of their personal f...
22/04/2022

13.Run your business like a business.
Far too many entrepreneurs run their business like an extension of their personal finances. Bad idea. Very bad idea. Construct the right business entity and keep it separate from your personal life.

12.Learn to read and write effective agreements.You know the expression “good fences make good neighbors?” It’s the same...
22/04/2022

12.Learn to read and write effective agreements.
You know the expression “good fences make good neighbors?” It’s the same in business. The more effective your agreements are, the better your business relationships will be.

11.Protect and defend your intellectual property.Most of you don’t know the difference between a copyright, trademark, t...
22/04/2022

11.Protect and defend your intellectual property.
Most of you don’t know the difference between a copyright, trademark, trade secret, and patent. That’s not acceptable. If you don’t protect and defend your IP, you will lose your only competitive advantage.

10.Trust your gut.This phrase is often repeated but rarely understood. It means that your own instincts are an extremely...
22/04/2022

10.Trust your gut.
This phrase is often repeated but rarely understood. It means that your own instincts are an extremely valuable decision-making tool. Too often we end up saying in retrospect and with regret, “Damn, I knew that was a bad idea.” But the key is to know how to access your instincts. Just sit, be quiet, and listen to yourself.

9.Know when and when not to be transparent.Transparency is as detrimental at some times as it is beneficial at others. T...
22/04/2022

9.Know when and when not to be transparent.
Transparency is as detrimental at some times as it is beneficial at others. There are times to share openly and times to zip it. You need to know when and with whom to do one versus the other. It comes with experience.

8.Learn two words: meritocracy and nepotism.The first is how you run an organization – by recognizing, rewarding, and co...
22/04/2022

8.Learn two words: meritocracy and nepotism.
The first is how you run an organization – by recognizing, rewarding, and compensating based solely on ability and achievement. The second is how you don’t run an organization – by playing favorites and being biased.

7.Listen to your customers.It boggles my mind how little most entrepreneurs value their customers when, not only are the...
22/04/2022

7.Listen to your customers.
It boggles my mind how little most entrepreneurs value their customers when, not only are their feedback and input among the most critical information they will ever learn, but their repeat business is the easiest business to get.

6.Learn to say "yes" and "no" a lot.The two most important words business owners and founders have at their disposal are...
22/04/2022

6.Learn to say "yes" and "no" a lot.
The two most important words business owners and founders have at their disposal are “yes” and “no.” Learn to say them a lot. And that means being decisive. The most important reason to focus – to be clear on what your company does – is to be clear on all the things it doesn’t do.

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