Daily Data 📈
Small business owners, you're in luck when it comes to hanging on to your talent this year. According to LinkedIn's most recent Workforce Confidence Index, small business employees are more likely to stay in their jobs than their counterparts in larger enterprise companies.
Why would small business employees leave their workplace at all?
"Among those who indicated they were looking to leave their current employer, small business employees were more likely than those at large companies to say they were driven by a desire for more flexibility in working location or the desire to pursue a new industry or function. The most popular response among both small business and enterprise employees, however, was a desire for better compensation or benefits."
See more of index results for yourself at LinkedIn News
5 Dangers in Building a Family Business
Aspiring entrepreneurs have to determine how they want to structure their business. When the vision aligns, working with family seems like the perfect choice. Statistics back up the storied success of family businesses, too.
But like any business model, working with family comes with its own perils and pitfalls. Family businesses have advantages over all the rest — but their unique challenges threaten to dismantle all that you’ve built.
Read the full article here.
The Take
Because real estate is not a particularly liquid asset, investors should be well-acquainted with potential exit strategies. For most, the simplest option is to sell the property, be it to another investor or a conventional homebuyer, but this isn't your only option.
Click the picture above to download the Take of the week!
The Word
Check out our recommended reading for the week:
- The Upside of Feeling Uncertain About Your Career (Harvard Business Review)
- Leave it to those nerds at Harvard to turn those general feelings of uncertainty into professional assets!
- Why should you care? The last thing you want to do is let your goals become blinders.
- The real-life family business drama you don’t see on HBO’s ‘Succession’ (CNBC)
- Family businesses make up more than just a big chunk of the economy. They also take up a lot of airtime. We love watching the drama of high-power families who do what it takes to succeed, don't we?
- Why should you care? There are as many (or more) lessons to be found behind-the-scenes than onscreen.
- The Biggest Mistake You’re Making with Your Board, and How to Fix it (Inc.)
- Often, a board can feel like a daunting, unwieldy extension of your business. We'll start to share more about turning those board members into assets as well.
- Why should you care? In a family business—or any growing business—having a well-rounded board on your side is critical.