Family Enterprise USA is a 501 (c)(3) organization dedicated to educating lawmakers and growing public support for family businesses across America. Each year, Family Enterprise USA surveys business owners across the country to learn about their challenges and ensures that their voices are heard on Capitol Hill.
Based on the findings of the 2017 study, which is an aggregate of thoughts and opinions from 186 family-owned businesses, we learned the following:
- Most family businesses (76%) saw their business revenue grow in 2016 and are confident about the business’ ability to increase revenue each year.
- The majority (72%) say they plan to hire additional employees in 2017, an increase from 66% in 2016.
- Business owners share, in their own words, the impact of the regulations on their business. The common themes are around estate taxes costing money, resources and time that they could have put into growing their business.
- Aside from creating jobs, 92% of business owners pursue civic engagement by sharing their time, talents and resources in their communities.
Please click this link to read the entire 2017 report. For comparison, if you like to also read the 2016 report, please click here to download it.
Two family business surveys are currently being conducted. Participants should either be business owners or leaders of enterprise.
1. Family Enterprise USA conducts an annual Family Business Survey to take the temperature of family business owners; where they are succeeding and where they remain challenged.
2. Alice Brawley is a Ph.D. student at Clemson University researching small family businesses’ success for her dissertation. Specifically, she’s studying how a few ways of managing employees could enhance employee performance, employee retention, and customer service quality. If you have 1-9 employees in your business, please consider completing this short survey. Alice looks forward to sharing a short report of her findings with the Smith Family Business Initiative.
The survey focuses on a few ways of managing employees and how that enhances employee retention, employee performance, and customer service quality. This is also a project I’m very passionate about – I got into this area based on my own experience growing up in my parents’ family business, so I’d like to contribute to the success of these really common, really critical businesses in the US.
All surveys are confidential and their findings are important data points in our understanding of what makes family enterprise unique. Please feel free to forward and share.