Human Capital Survey
Does Greater Des Moines (DSM) have what you need to thrive personally and professionally? Are there ways we can improve your quality of life and sense of purpose? To help us determine how connected our residents are to the community at large, the Greater Des Moines Partnership is conducting a survey. Please consider taking 10 minutes to give feedback to improve our region. Make your voice heard! Please take the survey and share it with your personal and professional contacts.
Click here
to access the survey. (All responses are anonymous and confidential.)
Thank you for taking the time to help make our region a better place to live, work and thrive
Succession Planning
DOES YOUR SMALL BUSINESS PASS THE 'HIT-BY-A-BUS' TEST?
Small businesses are the backbone of the economy. This holds true for Greater Des Moines (DSM).
There are more than 265,000 small businesses in Iowa making up 99.3 percent of all businesses. Together, they employ 641,000 people, according to the Small Business Administration (SBA). Added to that, 78 percent of all new jobs are created by family businesses. Small businesses add jobs at the quickest rate.
With small business being so vital to the local community and economy, it begs the question: What would happen to your business if you weren’t able to make it to work on Monday? Having a succession plan in place is a vital part of ensuring your business remains in business. Does your business pass
the “hit-by-a-bus” test?
According to the Small Business Development Center (SBDC), 40.3 percent of family-owned businesses are looking to retire in the immediate future. However, 47 percent of those same businesses do not have a successor lined up.
Taking on an established business is a great opportunity for people to build and to be their own boss. On the other hand, identifying a successor can be stressful within a family.
There is a disconnect between those wanting to sell their business and those wanting to take on an established business. The Greater Des Moines Partnership is using this as an opportunity to connect both sides. We’ve put together a Succession Planning Advisory Network (SPAN) made up of individuals with experience in succession planning; either for their own businesses or on behalf of others. They are available to provide assistance and answer questions for businesses looking at the next chapter of ownership.
Find additional information
here
and click on the Succession Planning tab or to read the article
click here
.
Data Hub
The Partnership’s DSM USA Research, Stats and Data Hub is a statistical dashboard filled with rich information within the region. Users will find leading indicators along with research and data trends needed to make strategic business decisions. The site offers current economic, demographic and workforce information sourced from official government data on the five-county Des Moines USA and six nearby counties.
All of the research is accessible free of charge, and is presented in an easy-to-use format. Charts and data can be captured and used in other presentations.
The Data Hub is another way that Chamber Members are able to tap into information and resources available through The Partnership’s regional network.
