What Makes Businesses in Chicago Successful?
As a small town with a big city feel, Chicago lures businesses far and wide. Micro restaurants, like EL Ideas, and locally owned bakeries, like Do Rite Donuts, have as much success in the Windy City as Fortune 500 companies in the area, like Boeing Co and Motorola Solutions.
Despite being an underserved city, with a worrying crime rate, poverty, and unemployment, the following telltale characteristics make businesses in Chicago thrive.
A company located in a major city like Chicago attracts other businesses. Many leaders at the most successful Chicago companies have their roots in the Midwest, either growing up here or attending school in the area. Their connectivity means they have access to countless invaluable contacts with whom they can strategize or brainstorm with the purposes of advancing their businesses.
O’Hare Airport is 45 minutes from Chicago’s downtown, making greeting traveling clients a breeze. Chicago business people who travel know the city’s central location gives them only a two-hour flight to New York or a four-hour flight to San Francisco. Meeting seamlessly with regular, sporadic or potential customers is a convenience and boosts business.
A wealth of businesses in Chicago are proud to boast of a stellar reputation. Several of the country’s biggest companies have made Chicago their home. MillerCoors, Trans Union, and ACNielsen are just a handful of well-recognized names in Chicago business.
A reputation of excellence is critical for many corporations in Chicago who transact business with international customers; in such scenarios, maintaining a solid reputation is key. Successful Chicago businesses rely on their first-rate reputations to attract businesses on the other side of the globe.
3. Source of Customers
Big businesses in Chicago attract quality customers. For example, the majority of customers for a Chicago-based technology company will be Midwest firms. Chicago’s increasingly diverse economy leads the city to possess one of the biggest sales regions. Given several major business headquarters are situated in Chicago, the city has innumerable opportunities for B2B transactions.
4. Spirit of Cooperation
Chicago has the reputation for being a community of friendly people who support colleagues, business partners and, generally, each other. Chicagoans are known for exuding humility, offering respect and lacking entitlement.
Entrepreneurs, for instance, have the tendency to cooperate and collaborate. The selfish mentality of “what’s in it for me” is virtually nonexistent in the Windy City. The environment of cooperation floods the city’s business climate with continual enhancements.
5. Skilled Workforce
Chicago is home to tech savvy workers, entrepreneurs and software developers. The city offers an endless stream of opportunities for like-minded and even dissimilar employees to exchange ideas and, consequently, cultivate advancements that are beneficial to business.
With several top universities in the area, Chicago businesses have ample opportunities to recruit exceptional talent. The surge of new graduates relocating to the East or West Coast has passed; more qualified graduates are choosing to remain in Chicago to either start their own businesses or contribute their skills to a major corporation.
5. Transport Options
Accessible transportation is vital for competing in business. Varying means of transportation connect businesses with suppliers, customers and chain partners. Customer satisfaction heavily relies on the ease of transportation. When transportation is difficult, businesses have less available means to serve customers.
Chicago offers plentiful transportation options, making conducting business with a client on the other side of town relatively easy. In fact, Chicago has a public transportation score of 8.1, the highest in any US city, according to Chicago Reader.
6. Growth Potential
Chicago businesses have growth potential that result from the rise of economic opportunities. Consumer spending in 2014 was a major factor in the city’s business growth. In 2014 alone, business expansions in the city brought in tens of thousands of new jobs and over six billion dollars in investments.
Industries that make a continual impact in Chicago include manufacturing, retail, insurance, finance, digital/media, transportation and healthcare.
7. Employees’ Quality of Life
Workers who enjoy the neighborhood in which the live tend to stay in the organization in which they work—or at least stay in the same area, finds Harvard Business Review. Environmental reasons play a pivotal role in whether top talent stays in a company. Skilled companies give their talent reasons to stay; as a result, employee turnover is low.
Given the importance of environment, successful Chicago businesses offer employees numerous avenues for rest, relaxation, and leisure. Employees are surrounded by affordable fine dining options and extravagant shopping centers.
Plus, in comparison to San Francisco or New York City, Chicago’s housing market is reasonable. Renters can find luxury accommodations with pools and tennis courts rather inexpensively in the city, making living and working in Chicago feasible.
Chicago Office Movers
Chicago is a unique city, a town of big businesses, small companies and supportive individuals with a spirit of cooperation. When you discover that Chicago is one of the country’s most ideal cities in which to conduct business, you may decide to relocate. If relocating your office is on the horizon, turn your attention to Chicago’s most renowned moving company, Chicago Office Movers.
Specializing in office relocation, Chicago Office Movers handles every aspect of the move, from start to finish. Customers have several options when moving, including short- or long-term storage, paperwork storage, insurance contracts, corporate relocation planning and unpacking to complete the move.
Chicago Office Movers safely and securely move office equipment, IT systems, antiques, science lab equipment and office furniture, among a variety of other goods.
Who We Have Moved
Whether your business is moving locally, long distance or to an international location, Chicago Office Movers will provide the most optimal moving experience. The union movers have shifted the businesses of several well-known entities, including Northwestern University and Alcatel Lucent.
Get a Free Estimate
Chicago Office Movers takes the hassle out of business relocation. You work with highly trained professionals who are licensed and background checked. Give us a call at 312-244-2246 or fill out a contact form for a free estimate on your next business move.
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