How many small businesses are family owned?
In the United States there are 5.5 million family businesses in the United States. Family owned businesses contribute 57% of the GDP and employ 63% of the workforce (Family Enterprise USA, 2011). That means family owned businesses employ over 98 million people!
For more info:
https://www.gvsu.edu/fobi/family-firm-facts-5.htm
Trust the process.
Strategic planning is an ongoing process, and successful organizations will review their strategies on a regular basis. Working with outside consultants has other benefits as well, including:
Blueprint
Create a value creation plan that defines the full potential of the business and creates a program to capture it—complete with specific initiatives, detailed action plans, assignment of accountability for results and a dashboard of metrics to track operational and financial performance;
Focused Initiatives
Identify highest priorities first, such as new product introductions, salesforce productivity and integration of add-on acquisitions.
Management Workshops
Provide a structured, interactive forum for sponsors and managers to develop a value-creation plan.
Marketing Plans
Identifying how to help the company to grow in new markets of business and help create an identity as your company is the place to work and do business with.
