Cranbrook’s Chamber of Commerce plans to spend the next two months analyzing data from the entire business community.
A total of 94 entrepreneurs in the Key City took part in last week’s 2nd Annual Business Walk.
Executive Director David Hull says their goal is to get an accurate picture of where the community is heading in the future.
“We ask questions along the lines of ‘is there succession plans?'” Hull says. “As we know, the population of business owners and management is getting older and older with the Baby Boomers getting close to retirement, so succession planning is a question we ask.”
The number of business owners surveyed dropped from the 117 who took part last year.
Hull says this is the first opportunity they have to compare business trends from one year to the next.
“What that data really did last year is create a baseline. The data in itself didn’t have a lot of meaning, because it just floats out there with nothing to measure it to,” Hull says. “This is the first year of real reporting. Next year, the results will be even more meaningful as we start to identify trends and patterns in the business community.”
Hull expects a report on the survey results will be ready by September.
– Cranbrook Chamber of Commerce Executive Director, David Hull
– Jeff Johnson