Few things are more challenging than starting or relocating a business as you try to keep your family thriving. Not only do you have to find the best town for your family, but you also must ensure your business will be able to flourish in your new location.
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Many factors are involved when choosing where
to move — from the cost of living and quality of life to the available
entrepreneurial resources and educational opportunities. Below, Glamour Social
discusses why Chicago could be the ideal place for your family and business!
The
Living Costs
No matter how great a city or area is to
reside in, you cannot build a wholly healthy life unless you can afford to live
there. Living in a place with an affordable cost of living will help you get
your business up and running while allowing your family to settle in
comfortably and enjoy everything the town offers. It also means more affordable
labor!
Fortunately, Chicago falls below the national
average in many categories for the cost of living. For example, you can rent a
two-bedroom apartment for around $2,500
a month.
If you’d rather rent a house in Chicago, there are plenty
available. You can browse listings online to find one that fits your needs for
space and your desired amenities.
The
Quality of Life
Even if your business is doing well, your
family will need places and activities to enjoy if you hope to lead happy
lives. Chicago has more than enough things to do between our restaurants,
community events, parks, and diverse culture. Living somewhere that offers
top-notch quality of life will also positively impact your business, including
the lives of your employees and customers.
Here are a few activities and places to consider near
Chicago:
● The Art Institute of Chicago
● Museum of Science and Industry
● Millennium Park
● Field Museum
● Wrigley Field
When you’re ready to begin your move, reach
out to local movers early in the process. You can
find a useful list of moving companies online along with customer reviews. Once
you find a company that looks promising, reach out to them to get a quote.
The
Business Community
It's also critical for your town to have a
supportive community of customers, mentors, local leaders, and business owners.
Such a community will inspire you to launch your company, but it will also help
you get through difficult times. Here are some of the entrepreneurial resources
you can expect when you move to Chicago:
● Chicagoland
Chamber of Commerce
● Women's Business Development Center Chicago
● Chicago Department of Planning and Development
Launching
a Company
When you are ready to start your Chicago small
business, you will need to go through all your administrative duties to ensure
you do not miss anything. For example, you will need to research local
licensing requirements and resources and ensure you can meet local zoning laws.
You will also need to establish the appropriate legal structure.
Many entrepreneurs benefit from setting up a
corporation because it provides liability protection, flexibility, and many
other advantages. Each state enforces different rules regarding corporations,
so make sure you understand Illinois regulations before starting the
process.
The
Educational Opportunities
Finally, having good colleges and universities
in your area has apparent benefits. Your kids will have promising options when
they are ready to graduate high school, and you or your partner can also pursue
higher education at a top-notch institution if you choose to.
But there is another advantage to being around
good schools: having an educated talent pool to pull from when hiring employees
for your company. Here are some of the colleges and universities in the Chicago area:
● Northwestern University
● University of Chicago
● Illinois Institute of Technology
● DePaul University
You're in for a challenging season as you find
a place to move your family and start (or relocate) your company. But if you
thoroughly plan, research, and prepare, you might find that the transition goes
more smoothly than you imagined.
When it comes to the cost of living, quality
of life, entrepreneurial resources, and many other factors that concern family
and business, it's tough to beat Chicago.
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