Asked about their go-to person in making important business decisions, 750 owners of small companies admitted mostly going it alone:
- 67% cited a single confidante.
- 59% of those relying on a single confidante said that person is an immediate family member.
- 47% did not seek advice about the previous year’s most important business decision.
- 40% had not sought advice from a fellow business owner in the past 12 months.
- 22% of those who didn’t seek outside advice cited privacy as the main reason.
- 16% had a board of directors.
— Adapted from “How to Save Your Business From Yourself,” Randy Myers, Inc.