We may not realize it, but we vastly underestimate the value of family businesses. Family-owned and operated firms establish, maintain, and raise a feeling of corporate stability in their leadership and their whole organizational structure and culture.
Family roles and seniority may influence and define an organization’s leadership, allowing for leadership longevity. Along with providing the ideal business structure, family businesses also make a significant contribution to the economy.
Family businesses create 62 percent of the country’s employment and account for 78 percent of all new job growth in the United States – accounting for 64 percent of the country’s gross domestic product.
The backbone of the American economy is family-owned enterprises. But, unfortunately, these enterprises also suffered the most during the COVID-19 pandemic with lockdowns and restrictions on business conduction.
As the economy awakens again, many broken family businesses are looking to start afresh. But this can be challenging after all the hard work put in to launch your business only to watch it fall to the ground.
This is where consultancy firms come in. They provide you with the help, guidance, and advice you need not just to start again but thrive again. It’s the time for family businesses to rise from the ashes.
One such consultancy firm that prides itself on its family history and dedication to helping other families run businesses is run by a family business owner himself – Bill Smith, the founder of William Smith Double Iron Consulting.
About Bill Smith
William ‘Bill’ Smith came up with the concept for Double Iron Consulting. His personal expertise and experience inspired him in the field of business marketing.
Bill Smith has had a talent for problem-solving and business advancement since his humble beginnings in his family-run business, Royal Cup & Coffee and Tea.
Throughout his formative years, he immersed himself in every aspect of his family business with a very hands-on approach – he then used what he learned in his current work.
Bill Smith’s future success was predicated by his desire to serve others. Bill Smith has direct experience with the joys and challenges of running a family company.
He’s been in charge of delivery routes and sales territory. Bill Smith offers over thirty years of executive and family business experience to your service.
Not only that, but he gives back to the community by serving on the boards of organizations and businesses such as Blue Cross and Blue Shield of Alabama, which provides medical coverage to qualified persons.
Today, William Smith Double Iron Consulting is dedicated to assisting people in realizing their own ambitions, dreams, and desires.
As William Smith Double Iron Consulting expands, it aims to bring the community around it along with it, which primarily includes family-run businesses.
About Double Iron Consulting
The term Double Iron Consulting is derived from two sources. The first represents Smith’s upbringing in Birmingham, Alabama and its history in iron and steel manufacturing.
Second, it represents his commitment to, and love of, exercise. Bill Smith is an active and avid runner, swimmer, and triathlete who believes in being in shape. This is probably why he is always on his feet and motivating others to do the same.
William Smith Double Iron Consulting is enthusiastic about assisting businesses in developing their growth strategies, customer experience, leadership philosophy, and internal alignment.
These pillars will propel businesses forward, and no one understands them better than William Smith.
Family businesses can be confident that they are in excellent hands because William Smith has so much business expertise. Due to their founder, you won’t have to worry about a single thing once you select Double Iron Consulting.
How William ‘Bill’ Smith Helps Family Businesses
William Smith Double Iron Consulting believes that a family-owned firm creates several prospects for future generations of that family. This is why they are so highly focused on providing them with the tools they need to thrive once more.
Bill Smith would want to see more families be able to do this in the future. With William Smith Double Iron Consulting, he plans to establish strong foundations with each client so that he can convert their ideas into success stories.
According to the type of business you have, William Smith Double Iron Consulting analyzes business strategies and curates a custom plan for your business.
William Smith Double Iron Consulting is stronger and more confident than ever after overcoming the obstacles and adversity of the COVID-19 pandemic.
Businesses are finally resuming their growth, and William Smith Double Iron Consulting will be there to help them every step of the way.