A key to business success is the strength and prevalence of the company's core values across all arms of its operations. These principles help shape the company, drive performance and boost employee engagement.
Customer loyalty is possibly the most important factor in a company's growth and sustainability, but what creates this sort of dedication to a particular company or brand?
According to the U.S. Bureau of Labor Statistics, approximately 20% of businesses fail during the first two years, 45% fail in the first five years, and 65% during the first 10 years.
Family businesses tend to be better survivors during challenging times, as shown by those who managed to survive the 2008 recession in the UK.
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