What's the greatest internal challenge facing your business today? More than 150 respondents to CBIA's 2012 Survey of Family Businesses shared their insights to this open-ended question. Among their responses:

  • Replacing older workers who will retire in the next five years
  • Finding employees with the right skills
  • Having people understand how to work
  • Cash flow
  • Silos between functional execs
  • Not having defined duties and responsibilities
  • Finding good-quality help
  • Concerns about staffing while economy is attempting to take off
  • Developing employees to meet growth
  • Who is first in the line of succession
  • Family member conflicts
  • Differences between expectations of family members
  • Quality people
  • Employee attitude/work ethic
  • Hiring skilled machinists and engineers
  • Employee development and retention

Survey

Filed Under: Family Business

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