The 2014-2015 US Family Business Survey reflects the US findings from PwC's seventh family business survey which is conducted every two years, dating back to 2002. While optimism around growth prevails, the Survey identifies a number of challenges and issues that family business leaders will need to navigate throughout 2015 and beyond in order to succeed in today’s competitive and fast-changing business environment. These include succession planning, the need to adapt to an increasingly digital world, recruitment of skilled personnel, market conditions, government regulations and competition.
To professionalize the business, you need to pass your knowledge on to the workforce. It’s a continuous job.