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