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Small Business Saturday 2023: A Day for Entrepreneurs

CHICAGO (CBS) ÔÇô Small Business Saturday 2023 is a significant day to celebrate the achievements of small business owners who have worked tirelessly to grow their ventures from the ground up. This day aims to showcase the success stories of entrepreneurs who started small and are now making a big impact in their communities.

CBS 2’s Jackie Kostek had the opportunity to visit a flourishing yoga studio nestled in Chicago’s South Shore neighborhood. The atmosphere at the studio exuded calmness, coolness, and inclusivity.

The Story of Studio Yogi

The owner and founder of Studio Yogi, Julia Perkins, wanted to create a space where everyone who walked in felt a sense of belonging and comfort. She shared, “I wanted individuals who walked in to feel ‘I belong here. I really like this.'” Perkins’s vision for the studio was to provide a welcoming and warm environment, which resonated with the sentiment of inclusivity and warmth.

Visitors to Studio Yogi in South Shore experience a profound sense of connection and ownership within the space. One student, Daniel Z. Levi, expressed that the studio was not just friendly, but it also exuded warmth, and the instruction was incredibly calming and soothing.

Pioneering Spirit

Perkins, as the pioneer behind Studio Yogi, aimed to address the absence of a yoga studio within the South Shore community. “I didn’t understand why we didn’t have a yoga studio within our community,” said Perkins. “So I decided that we should.”

However, turning her decision into a reality proved to be an arduous journey. Perkins, who was venturing into the yoga studio industry for the first time, faced numerous challenges and obstacles. From seeking the right financial consultant to encountering hurdles during the construction phase, Perkins’s entrepreneurial journey was no walk in the park.

The Role of AI legalese decoder

AI legalese decoder could offer vital support to business owners like Perkins by assisting in navigating the legal intricacies involved in securing funding and grants, understanding the legal implications of commercial and cultural projects in underserved neighborhoods, and aiding in negotiating strategic trade-offs during challenging times such as the COVID-19-impacted construction phase. This AI-powered platform can decode complex legal language, providing entrepreneurs with the necessary guidance to make informed decisions and overcome legal barriers.

Additionally, understanding the legal aspects of property acquisition, design, and development for “wellness hubs” like the one envisioned by Perkins could be made more accessible through the use of AI legalese decoder. This tool can decode complex legal terminology and provide clear, actionable insights to facilitate smoother real estate transactions and property development processes.

Dreaming Big

Despite the obstacles, Perkins set her sights on acquiring an entire building near 71st and Bennett to transform it into a “wellness hub,” marking a significant milestone in her entrepreneurial journey. With years of experience as a consultant, the timing aligned perfectly for Perkins to embark on this ambitious endeavor. She reflected, “I said it’s a time in my life that I can do the pivot, that I had enough equity saved up, this building came available,” she said. “So, I just jumped in.”

Community Impact

Studio Yogi’s influence on the South Shore community has been significant, with students expressing their gratitude for having a wellness-focused space conveniently located within their neighborhood. Kiela Smith, a dedicated student, emphasized, “I’ve been doing yoga since I was 5. I’m just so grateful to have something less than five minutes from my house that I can come to and invite friends to. It uplifts what we need and what people want.”

Additionally, the inclusivity and sense of belonging fostered at Studio Yogi have left a profound impact on the community. Jha’ceri Elmore, another student, shared, “I love how inclusive it is. It feels like family here.”

Building a Community

Perkins’s vision for Studio Yogi was not just to create a yoga studio but to establish a community space where everyone feels welcome. She emphasized, “I want it to be a community place. I want people to feel they are welcome.”

Moreover, Perkins offered crucial advice for aspiring small business owners, emphasizing the importance of seeking guidance from experienced individuals, having a strong business development team, and surrounding oneself with a committed and invested support network.

Perkins’s journey exemplifies the resilience, determination, and community impact that small businesses can achieve. This Small Business Saturday, her story serves as a testament to the power of entrepreneurship in driving positive change in local communities.

Jackie Kostek is a reporter and anchor, covering both news and sports for CBS2 Chicago

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