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For CFOs and CEOs, this isn’t just a budgeting exercise—it’s a risk, growth, and accountability question. If you spend too little, the business falls behind. But if you spend too much, you’ll be asked to justify every line item. a strong IT budget starts with business intent, not percentages. Keep reading to get Greg’s tips on creating a budget that supports your business’s ability to grow, efficiently operate, and stand out among competitors.

Deloitte’s five-part enterprise risk management (ERM) series can help your organization detect and protect against potential threats. It explains what ERM is, how it works in a private company or family enterprise, and how to plan implementation. Each installment includes actionable insights and practical guidance across cyber security, internal controls, and operations.

Although private leaders think AI will transform or disrupt their industries, the majority don’t feel organizationally prepared to deploy it (see chart below). As Nihar Dalmia, AI & Data Partner at Deloitte Canada, explains, “That gap reveals how AI is becoming the biggest risk and the biggest opportunity for the private sector.”

For family businesses built for longevity, the question, “Who will lead next?” is critical. Yet our survey of 300 family business executives reveals a striking gap between intent and action: While 85% agree succession planning is critical to long-term success, only 57% have a CEO succession plan in place—and just 23% are actively implementing their plan.

For private companies orchestrating a transfer or sale, fortune doesn’t favor the bold. It favors the prepared. A successful deal hinges on planning and foresight long before negotiations begin. To understand how private company leaders are positioning their businesses for that moment, we asked 100 executives about their upcoming timing, priorities, and pressure points.