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Business owners respond to an anonymous survey and get candid about what's really happening in their companies. How do you stack up?
Business Owners Not Concerned About Losing Top Talent and Don’t Trust Most Employees
What percentage of your staff do you really trust?
I trust 100% of my staff 37%
Between 70% and 90% 30%
Between 50% and 70% 14%
Between 10% and 50% 13%
I don't trust anyone on my staff 1%
Other 5%
What your peers had to say:
“I burst out laughing when I read this question. This is my #1 issue and I have never seen this addressed before. The operative term here is ‘really’ trust. All my staff says I can 100% really trust them; yet, I still have my reasons to doubt this.”
What your peers had to say:
“My leaders are vested and well paid in this industry; but it's difficult to keep the other employees growing, challenged, and happy.”
“I am very concerned about it because my clients are very concerned. We've spend the past 18 months or so identifying and developing strategies to retain the top performers.”
Owners Identify Strategic Planning and Delegating as Skills They Lack
What aspect of your leadership skills do you believe could use the most work?
Hiring skills 8%
Strategic planning 24%
Inspiring dedication among employees 11%
Delegating 24%
Innovation of my business practices 18%
I don't need to work on my leadership skills 8%
Other 7%
What your peers had to say:
“Staying focused on an issue to completion is tough for me with so much going on all the time.”
“Poor hiring choices has been my #1 problem.”
What your peers had to say:
“[[There are]] too many taxes and an unwelcoming attitude to small businesses looking to grow and hire.”
“Our business began five years ago in a Brooklyn basement. I couldn't imagine beginning anywhere else but the New York area. Nowhere on earth is there such an access to ideas and inspiration than this area! Nowhere.”
Owners Split on Impact of Health Care Reform
How will the recent Supreme Court decision to uphold health care reform affect your business?
It will negatively affect my business 20%
It will positively affect my business 20%
It will not affect my business 27%
I'm not sure how it will affect my business 29%
Other 4%
What your peers had to say:
“Hidden taxes and regulatory limitations are very much of a concern. Additionally, the added administration (tracking, monitoring, reporting) will require a small business such as mine to seek internal or external admin support. An additional, non-revenue-producing burden.”
What your peers had to say:
“He is my partner in business and life. Sometimes we butt heads, but it gives us better perspective.”
If you are planning an exit, what type of exit will it be?
Sale to a third party 25%
Succession by family member 10%
Succession by employee(s) 4%
I'm not planning an exit 40%
Other 21%
To what extent is your business benefiting from social media?
We can directly attribute sales to social media 17%
We can indirectly attribute sales to social media 18%
We are unsure what, if any, sales can be attributed to social networking 44%
We are not currently using social media 17%
Other 4%
How confident are you that you will be able to retire comfortably and continue to live the lifestyle you want?
I am very confident that I will be able to retire comfortably 14%
I am somewhat confident that I will be able to retire comfortably 40%
I am not confident that I will be able to retire comfortably 24%
I am not sure 6%
I don't plan on retiring 10%
Other 6%
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