According to the Chicago Association of Realtors, a total of 12,728 homes were sold during the third quarter, the lowest total for the quarter since 1991.  It is also a 22 percent drop from the same period last year.

The number of unsold homes sitting on the market is increasing, leading to a record average turnover time for the area.  If you’re selling your home in the suburbs, it will take you an average of 121 days to find a buyer, a 45 percent jump from last year.

Despite the dramatic drop in sales, prices continue to rise around the area.  The average sales price now sits at $338,902, a 4 percent increase from last year.

However, if sales continue to hit new lows, sellers may soon be forced to drop their asking price to attract more interest from buyers.  Keep on the lookout for great deals on homes around the greater Chicagoland region.

Technorati Tags: Chicago Homes For Sale, Chicago Real Estate, Chicago Market Update

Great values on real estate in various Chicago neighborhoods can be found at The Chicago Real Estate Report.

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As Penn State professor William Rothwell ominously points out in the forward to Exit Right: A Guided Tour of Succession Planning for Families in Business Together, more than 40% of the people who run the closely held operations that comprise 80% of the North American economy will retire by 2007. It makes me wonder, what is going to happen to all of those businesses? Although it is a noble gesture, passing a business down to the next generation is more often than not, unsuccessful. In fact, statistics show that only one-third of all family businesses are successfully transferred to the next generation and only 13% are transferred onto the third generation.
Many family business consultants say the primary reason for this low survival rate is the failure to develop and effectively plan for the transfer of ownership and management of the closely held family business. I agree that this is a factor, but in my dealing with family businesses I find that there are some more fundamental reasons. The first is that the next generation has a lot different life style than the business founder and entrepreneur. They do not share the same drive and commitment that dad needed to build the business from scratch. They go to the good schools, get a taste of the good life and generally do not share the passion of the business founder. I recently was involved in selling a produce distributor. I found that most of the firms were in their second or third generation. I asked a third generation owner why this particular industry had such success with keeping the business in the family. He said, When you are up and on the docks at 3 am and work 12 hour days, you don t have the time to spend the money.
The next generation may have a grand scheme to turn the traditional printing business into a media empire or a liquor business into an entertainment enterprise. A few years back the second generation of a well known Chicago area computer leasing and IT Services Firm tried to turn it into an Internet Venture Firm with disastrous results.
Before you just assume that your torch will be carried by the next generation, make sure that the next generation even wants to run the business. Imagine the loss in value that would have occurred if the real estate billionaire from the western suburbs had turned his empire over to his son who simply wanted to produce plays.
Are your heirs even capable of running your business? Have you held on to the reins so tightly that the kids involved in the business have not been able to develop their decision-making or leadership skills? Do they command company respect because of their personal strength and skills or are they grudgingly granted respect because they are the child of the owner? If that is the case, the odds are not good for them taking over when you retire.
Another big challenge is trying to balance fairness in employing many children or even grandchildren in a family business with various skill levels, compensation levels and ownership levels. The jealousy and in fighting can absolutely grind the company s progress to a halt.
The business owner must make some difficult decisions when he or she decides it is time for them to retire. Why did I create this business? Was it to keep this business in the family for generations or was it to provide for my family for generations? If the desire and the capability of the children are not evident and the company is large enough, it may be the right decision to first get outside board members actively involved as step one. Step two would be to hire professional management to run the business. A second alternative is to sell the company while you are still running it and it can command its highest value. If you have children that want to remain in the business for the immediate future, incorporate that into the sale agreement with employment contracts.
Another way to think of it is, while I am running the business, the best ROI is to keep the bulk of my net worth invested in this company. If I am no longer running the company what is the best risk reward profile for my net worth? Would my heirs be better off if the business was sold and the value converted to financial assets?

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We have more material on real estate if you need to read over. At the close of this write-up you’ll have an access to the required contents.

About the Author

Dave Kauppi is a Merger and Acquisition Advisor with Mid Market Capital, Inc. MMC is a business broker firm specializing in middle market corporate clients. We provide M&A and divestiture, succession planning, valuations, corporate growth and turnaround services. Dave is a Certified Business Intermediary (CBI), a licensed business broker, and a member of IBBA and the MBBI. Contact (630) 325-0123, davekauppi@midmarkcap.com or www.midmarkcap.com.

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Having been in the printing and design business for most of my life I have seen my share of file it under G business cards. That said our printing firm fulfills hundreds of business card orders in Canada and the US each week. So what I am about to share with is a matter of opinion. I am of the opinion that you don t get a second chance to make a first impression. In life, oh well, if you don t like it leave. But in business this is not the case, assuming that your goal is to make a good first impression. This is the way I view new contacts in business;

1) Your prospect wants you to WOW them

2) Your prospect wants you to sell them something

3) Your prospect forms an opinion of you in the first 30 seconds

So these are the assumptions that I walk into every business meeting with. Many of us truly believe that a business card is critical to your success and without it you are toast (for lack of a better term). To a certain degree you are correct.

I would like to submit to you that first impressions are always formed from one person to another. Your business card should reflect you and what you represent in the sweetest way. But make no mistake, YOU need to make that first impression and that is not accomplished with a handshake, smile and a business card. So carefully spend time redefining your approach, want you want to sell and how you want to sell it. Try to follow this proven sales formula. We call it the AIDA formula;

Approach Interest Desire Action

OK, so now we have buffed up a little on pre sales psychology, what about that business card? How can I get the design wheels turning? If you are of the creative mind but are not sure how to get started, there are many printing companies online that offer business card templates created by professional graphic designers. A good example of this can be found here http://www.weprintcolor.com/buscardtemplate.htm

You may also be of the creative mind and are well versed in the use of professional desktop publishing programs such as Adobe Photo Shop, Corel Draw, Quark Express, or Adobe Illustrator, why not just send the file for printing? Before you do you should make certain your digital file is optimized for best print result! First learn what is required here http://www.weprintcolor.com/pre-press.htm then you can submit your digital file for free preflight check here http://www.weprintcolor.com/upload.htm . This way you are certain your file will print nicely.

Here are my 10 Tips on how to get your Business Card filed under G (garbage);

1) Print type that the size of ant s feet. Your eyes may be great but mine aren t

2) Print on perforated 10 up card templates from your ink jet or laser printer. Remember that first impression?

3) Choose colors that clash or do not compliment each other. There is a color wheel that explains 10 colors relating to each other. These colors have 3 basic relationships: Adjacent, Contrasting and Complimentary Adjacent colors share a common side and are similar. Contrasting colors are those which have three other colors between them. Complimentary colors are those on opposite sides of the color wheel.

http://www.weprintcolor.com/usingcolour2.htm

4) Use a co worker s business card and hand write your information on it. You might be able to use this once but don t try it on your second or third meeting.

Do you basically believe this piece of information will enhance your wisdom?

Only you have the ability to be the ideal judge of this material. Just understand till the final word and get the crux of the report.

5) Print your business card with typographically incorrect information then try to patch it up. I will again, suggest that you rely on the resources at hand. For the $49 a company like ours would charge you to completely reproduce 500, professionally printed high quality, full color, aqueous coated business cards it s a no brainer.

6) Chew bubble gum, wear sun glasses or wear a beard. Although these will not necessarily get your business card discarded, statistical no no s. Also a good example of how you are first, your business card should serve as a reminder of you. In the real estate sector most real estate agents print a picture of themselves on their business card for this reason.

7) Print your business card in an irregularly large format. Your card looks unique and professional but I can t file it in my business card file system that I keep all my key suppliers in. Oversized business cards are becoming more popular and given the right circumstances can be delivered effectively. However from an overall perspective I recommend that mainstream business stick with the standard size- 2 X 3 .

Fine. Now that you have read till this point, we assure that along with this you will have something inspiring. You need to be associated with this report to gain more.

Print your critical contact information on the back or on the inside of a fold over business card. For the same reason above. Once I file your business card in my file system all of your contact information should be easily read at a glance I want to place my order now.

O.K. Further insight to the piece of the article could be a fun to the reader. Go on reading, there are additional things to follow.

9) Print on thin or flimsy material. This projects a feel of cheapness. Besides if you managed to WOW your prospect and your business card makes it into his /hers wall of fame pouch it will it will likely not survive the test of time.

10) This is the final and most important for the rookie to intermediate graphic designer. Have you ever heard of looktocloseitis? Many graphic designers that develop onscreen work at a highly magnified viewing level while design and editing. Sure everything looks great at 500% magnified view but when the card is printed it is printed 100%. A good practice, before sending your business card file for professional printing is to print your own hardcopy and give it a glace from a 3 foot distance. Make sure your message is being communicated when you do this. If it is not working, back to editing and repeat the process.

Take your time and it will be worth your extra efforts. This will be reflected in the finished product.

We have printed thousands upon thousands of business card orders worldwide. Show here;

You will find a large collection of some of the business cards we have printed for our clients here. http://www.weprintcolor.com/buscard_examples/index.htm . These examples include custom and template style business cards. When you click on each thumbnail the page will tell you if it is custom or template . In the cases where it is template you can click the link and start designing your unique version immediately.

If you would like to view a full business card catalogue of available template designs for business you can visit this page http://www.weprintcolor.ca/ or get tips for creating better business card designs here http://www.weprintcolor.ca/online_design_cat1/index.php

Some clients send files from there computer to ours, others use our online design system. Either way we have developed software and a natural eye for esthetically pleasing graphic design work. The reason I write these articles is to help you make an educated decision with the design and print of your business card. If you end up coming to us with your business we always appreciate that. The last thing I want to happen is you making a regretful purchase online. This hurts all online retailers that offer a quality product.

Robert is regarded as an industry expert is print and design. Online since 1999, Robert was one of the pioneers that brought graphic design tools to the web. For online graphic design solutions visit http://www.weprintcolor.com/

About the Author

Robert is the marketing director of a leading online printing and design firm http://www.weprintcolor.com . Robert believes in an educated customer and has created a personal blog, online to help achieve this goal. Learn commercial printing and design tips from the pros http://www.weprintcolors.com

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Technorati Tags: Chicago Real Estate, MLS

Great values on real estate in various Chicago neighborhoods can be found at The Chicago Real Estate Report.

Plan a smooth real estate journey for your Chicago real estate agents industry. Chicago real estate agents can provide you more triumph. You would even have that you have not dreamt about yet. So, are you keen to head rapidly ahead in your life? Is your will solid enough for your real estate objective? Are you willing? So, are you anxious to accomplish your harbored real estate dream?

Vision and reality are two distinct worlds. Mostly, we make use of guidelines believing they would guide us to attain the expected real estate target. But I have observed something captivating in my life as well as my Chicago real estate agents client’s life. The more you would be committed towards your work, the more you may be closer to your real estate dream.

If Chicago real estate agents was launched only for the sake of earning, it would never have prospered. The dollar sign isn’t an explanation. It won’t stir your genius. Building huge earnings and building lots of money do not arouse the real estate at the end. Your ultimate mission need not be chasing revenue only. Such exposed greed is one-dimensional. You would look at each and every thing with eyes of covetousness.

Be noticeable in regards to your forecasts from Chicago real estate agents! There is no need deviating your energy and attention towards those real estate things that don’t basically matter to you. For the perfect life you have to put your finest efforts. So, put sufficient efforts to mould your life as per your desires. Let it be easiest. Get yourself prepared to achieve your real estate objective. Your life would be blossoming, if you could run after your real estate fantasies productively.

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Technorati Tags: Chicago Illinois, luxury condos, real estate agents

Technorati Tags: Real estate agents, Chicago Real Estate

A financial forecast is a platform that shows you whether you’re going in the proper financial direction or not. It is imperative to have proficient strategy to acquire the set objective or victory will continue an object of long quest. For, you are not scaling your development rightly and only ending up going far in the incorrect direction. So, let’s discover how Chicago condos apportionment could enhance your life.

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