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Veterans nab business benefits

Chicago business owner Derryl Caldwell credits his status as a veteran for helping his company weather the recession. Caldwell, a reservist with the Army National Guard for 9 years who has owned apparel merchandising company DC Mad Hatter at Navy Pier since 1996, said he gets special attention from the U.S. Small Business Administration. “As […]

GrubHub nabs more growth capital

Watch for online restaurant delivery service GrubHub to continue adding jobs, now that it has raised $11 million in a new round of venture capital from Benchmark Capital in Menlo Park, Calif. The new funding, which brings to about $14 million the total investment capital GrubHub has raised, will allow the company to expand to new […]

Commissions, overtime pay up as sales improve: Administaff data

Improved sales are starting to ripple through small businesses, pushing up overtime pay, commissions and bonus compensation, according to compensation data from Adminstaff’s base of 5,700 small and midsize companies. Average compensation paid by small companies in the third quarter was up 3.2 percent from the year-ago period, Administaff reported, while bonuses were up 14.9 […]

Fewer small businesses owners to splurge on holidays

The holidays are still weeks away, but based on a recent survey conducted by AMEX Open,  most small-businesses owners will be frugal. Just 37 percent plan to host holiday parties, down from 42 percent a year ago, according to the 2010 American Express OPEN Small Business Holiday Monitor. While 44 percent plan to buy gifts […]

Economy slows funding cycle, yet opportunities remain

The moment entrepreneurs accept outside capital, they need a strategy for paying back their investors. Ideally, angel funding leads to venture capital, then private equity, with the process culminating in a profitable sale or initial public offering. Entrepreneur Jai Shekhawat, founder and chief executive of Chicago technology firm Fieldglass, knows a tough economy can slow down […]