By the Bootstraps

Professional Women Weigh In On the Recession

By the Bootstraps — Wed, 26 Aug 2009 21:52:54 +0000

My favorite source of Chicago small business news, Crain’s Chicago Business, spoke to three women in Chicago’s business world. These women – Laurel Bellows, Venita Fields and Maria Pinto – spoke with Crain’s about the economy’s effect on entrepreneur’s hoping to get their stores off the group during the worst financial crisis since the Great Depression.

Bellows told said she believed the recession created new opportunities for businesses. Rents are affordable and industries are more willing to negotiate cheaper rates, where they may have been less flexible in the past, said Laurel Bellows, an area lawyer.

Pinto – best known as one of First Lady Michelle Obama’s favorite Chicago designers – stressed networking’s importance during the recession.

“There are business groups and resources out there that you can afford,” Pinto said “Many people who have been extremely successful find great joy out of helping other people.”

The Kansas City, Missouri-based organization the Kauffman Foundation backed their findings. It found the country “might be on the cusp of an entrepreneurship boom, triggered by the recession, an aging population and less job security,” the Crain’s report said.

Photo credit:

http://www.flickr.com/photos/gribanov/ / CC BY 2.0

Is Chicago Unintentionally Hurting Small Businesses?

By the Bootstraps — Wed, 26 Aug 2009 21:42:18 +0000

Despite Mayor Richard M. Daley’s desire to foster small businesses in the city, a recent article said red tape stifles potential business growth in Chicago. The Crain’s Chicago Business article was based on a May study done by the Institute for Justice Clinic in Entrepreneurship at the University of Chicago.

The study, Regulatory Field: Burdensome Laws Strike Out Chicago Entrepreneurs, found a number of roadblocks that local policy puts in front of the fledgling entrepreneur:

home business operators can’t have “more than one person who doesn’t live in the home” work in the store
products on sell cannot be displayed at home businesses
no legitimate vendors can sell goods on the street, including flowers, books or at
co-author and institute director Elizabeth Milnikel said aldermanic veto power is “among the most corrupting and stifling of the restrictions” on potential small business owners. “Getting into business in Chicago shouldn’t require someone to kiss the alderman’s ring,” she said. “The marketplace—and not the government—is best able to decide if a business will succeed.”

Such restrictions can stop a business in its tracks, the study found. Read the full study below:

Chicago Barrier Study

Recession Can’t Keep A Good Dog Down

By the Bootstraps — Wed, 26 Aug 2009 21:32:34 +0000

Many articles talk about the idea of a good or service being recession-proof, or immune to the fluctuating economy. Booze, chocolate, video games… consumers are still buying. But one industry proving to withstand the economic downturn may surprise you; according to a Chicago Sun-Times article, the pet industry has grown by $2.2 million to $45.5 million. One woman interviewed for the article said she spent $5,000 per month on her Chihuahua and cut back in other areas to make sure she could still afford the lifestyle her beloved pet had grown accustomed to. Chicago pets are in luck – there are plenty of area small businesses dedicated to keep a pooch posh during the recession. The Google Map below highlights just six of them.

View Every Dog Has His Store in a larger map

Photo credit: “New Guinea Singing Dog,”

http://www.flickr.com/photos/rgdaniel/ / CC BY 2.0

By the Bootstraps Needs Your Help!

By the Bootstraps — Sat, 22 Aug 2009 16:16:10 +0000

Hi all,

In an effort to learn more about you awesome readers and your thoughts on the blog, I’ve created a user survey. It’s quick, easy and will help me improve the quality of the blog.

Video: What Goes Into Opening A Store?

By the Bootstraps — Wed, 19 Aug 2009 22:55:58 +0000

Once the door sign changes from “closed” to “open,” customers more or less have an idea of what goes on in the store. Sales associates or the owner themselves meet their needs, show them around the store and ring up their purchases. But what happens behind the scenes before a customer walks through the door? By the Bootstraps visited Peter Rios, executive chef and owner of Alliance Bakery in Chicago’s Wicker Park neighborhood to find out. (What can we say? We have a sweet tooth.)

Chicagobusiness.com Readers Up, Small Biz Owners Down

By the Bootstraps — Wed, 19 Aug 2009 22:00:36 +0000

Eighty percent of Chicagobusiness.com readers said they believed the economy would improve in the next six months. Yet small business owners taking part in three separate polls and surveys tend to think otherwise, the Crain’s Chicago Small Business Blog reports.

According to the report the National Federation of Independent Businesses’ monthly optimism index fell for the second time by 1.3 points to 86.5 this month. In the Minneapolis-based Barlow Research Associates Inc.’s quarterly Economic Pulse Survey released last week, only 27 percent of small business owners “expect the recession to end within the next four quarters.” And in the Glenview-based SurePayroll July poll, 56 percent of small-business owners were “optimistic about the small-business economy” compared to June’s 79 percent.

Let’s take it to Bootstraps readers. What do you think?

Everyblock.com Picked Up by MSNBC.com

By the Bootstraps — Tue, 18 Aug 2009 00:34:52 +0000

Everyblock – one of the best examples of hyperlocal news content online – has been acquired by MSNBC.com. The deal went for “several million dollars,” according to Kara Swisher of the Wall Street Journal, but the true amount remains undisclosed.

The Web site acts as a local news and records aggregator for 15 cities in the country. Created in 2007 by Adrian Holovaty, a Chicago-based programmer/journalist, Everyblock allows users to find out what’s going on in their neighborhood by entering their address, zip code or neighborhood. From the minutiae (apparently there have been 2 bike racks installed in my neighborhood since 2008) to crime reports, Everyblock covers your area in a way local news can’t.

According to the report on Crain’s Chicago Business, the acquisition is a win-win for both parties. MSNBC gains a model for its local news coverage (the technology will be used for future news features) and gives it access to local advertising, revenue that has proved allusive in the past. For Holovaty, being picked up by MSNBC.com saves the Web site from looking for new sources of funding – its two-year $1 million Knight Foundation grant ran out in July – and opens the site to a new, larger audience.

For an in depth explanation of the Web site from Holovaty, watch this old YouTube video:

Customers in the Kitchen: Cooking Classes

By the Bootstraps — Mon, 17 Aug 2009 23:46:12 +0000

In recent years it seems as though the Second City’s meat and potatoes past has given way to a “foodie” present. Industry professionals and connoisseurs are making room on their dance cards for a number of delicious and innovative restaurants in the city.

Our new found role seems to have trickled down to small businesses: various restaurants and stores offer cooking lessons to customers. For example Andersonville’s The Wooden Spoon sells high quality cookware in the front of the store but in the back you’ll find a full scale kitchen setup, with a half-moon countertop set in front of the stove for easy viewing and demonstration. Students leave each class having made at least three dishes they can replicate at home. During the August 21 “Grill and Sip” class, chefs-in-training will learn how to make mini chicken sliders with Asian slaw and orzo with shrimp and vegetables, just to name a few. Class prices range from $65 – $85.

The Wooden Spoon’s class schedule is online and the Chicago Tribune has compiled a list of over 150 options available throughout the city.

Photo Credit: “Cooking in a Pan”

http://www.flickr.com/photos/rene-germany/ / CC BY 2.0

The Wooden Spoon
5047 N. Clark Avenue
Chicago, IL 60640
(773) 293-3190

Proposed Requirements Could Hurt Pedicab Business

By the Bootstraps — Sun, 16 Aug 2009 21:33:47 +0000

A proposed ordinance could run a fledgling business out of town before it even gets started, according to Crain’s Chicago Business.

Chicago wants pedicabs – rickshaws operated by bicyclists – to “display a rate card, license number and the pedicab company’s name and phone number,” the article said. But if the ordinance goes through, there would be little space for ads, the lifeblood of the business, says Julia Samuels, co-owner of Chicago Rickshaw LLC along with partner Rob Tipton.

Ads displayed on the 20 pedicabs Chicago Rickshaw rents out pulls in $150 per day, Samuels says, “real money I can count on.” Without this steady stream of income, Samuels said the business can be put out of business in months.

Tipton – who also co-owns Mr. Rickshaw LLC in New York City – said the business would have to pack up and move to a different city if the ordinance went through. If they move, the business would take a number of jobs, and a solution for traffic congestion in the city, along with them.

Photo credit: “pedicab”

http://www.flickr.com/photos/chainsawpanda/ / CC BY 2.0

Support Small Businesses and A Great Charity

By the Bootstraps — Wed, 12 Aug 2009 20:10:15 +0000

Wicker Park area boutiques large and small will gather to support Dress for Success Chicago, an organization that provides professional dress to disadvantaged women trying to reenter the work force. This Thursday between 4-8 p.m., check in at clothing boutique Tangerine (1719 N. Damen) to begin an evening of shopping and service. Tickets are $30 for non Young Executives for Success members and all purchases from participating stores are 15-20% off.