1 Non-Family Member Success Metrics
How do non-family member employees of family businesses define "success"?
During our 2024 Family Business Survey, we asked non-family member employees how the family business they work for defines success. Profitability was the top answer for this segment; however, the second answer may shock you. It’s not continued succession, wealth generation, or family legacy building. Instead, non-family respondents place higher importance on business-oriented factors, such as employment opportunities and scalability.
2024 Family Business Survey Key Finding: Business priorities for 2024 include employee satisfaction and engagement - this rose 12 points from 2023 to 2024.
Download the full survey results to learn more about how family businesses are defining "success."