Jackie has a well-rounded professional background including management roles, financial positions and opening a highly successful retail store in Brookfield, WI in 2008 and became an ActionCOACH client in 2009. While many retailers were forced to close during the economic collapse, Jackie’s store thrived –a testament to her ability to own and operate a successful business. She sold her store in 2018 after a successful 10-year run. Loving what her coach helped her achieve, she wanted to help other business owners do the same.
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By Jackie Zach
Finances in a Family Business
Pay in a family business is based on the roles each person plays, not based on equal ownership. An owner’s pay is based on distributed profits of the business. The president and other company roles are based on market rate and commission. The employee roles that each member plays are based on merit and results. Listen as we discuss this
The Professionally Managed (Family) Business
Professional business owners are concerned only with choosing to own the asset we call a business or not and deciding what they want the return of that asset to be. The Board of Directors oversees which strategies to use, and the President or CEO is responsible for ensuring those strategies get executed. In many businesses, these roles are the same person or
Defining Roles in Family-Owned Businesses
Is there ‘role confusion’ in your family-owned business? Are the roles clearly defined? Role confusion causes misunderstandings and miscommunication among family members and employees. Listen as we discuss how defining roles will help your family business grow. Need help defining the roles and responsibilities in your family business? Take advantage of a complimentary business strategy session to discover the opportunities
Family Dynamics in Family Business
In family businesses there is always the family dynamics along with business dynamics. How are the dynamics helping or hindering your family business? It is hard to navigate the emotions of the family members and may require the help of a family business navigator. Listen as we begin to discuss how to make the family dynamics in business better. Need
Succession Planning in Family Business
Succession planning takes a lot of thought and planning before executing. Having a formal succession plan will give you the opportunity to be proactive about transitioning to the next generation. If the generations work together to transition, it is likely that the next generations can grow the business even more. Have a business with no succession plan? Take advantage of
Connecting the Dots for Your Team
Are you a leader who gives accurate and comprehensive messages to our team? People need to hear or learn things 17 times to make it stick. If you are saying “my team should use common sense” to accomplish what you want them to, then you are the one that needs to help them understand. Connect the dots for your team
Need vs Want
Mike and Jackie discuss how the words “Need” vs “Want” affect our businesses. “Need” is all about running away from something. “Want” is going towards something. How can you use “want” language to work toward your goals? Listen for more examples and details between these two words that make a big difference in your business! Working towards goals and
16 Cylinders of a High Performance Team
The amount of power an engine creates is partly due to the number of cylinders working. Learn about the 16 cylinders of high-performance including body, mind, heart and soul. Why is this important for you AND your team? How can you use the 16 cylinders to create a championship team? Looking to create a championship team? Take advantage of a
Practical tips to move from doer to owner
What are the things you’re doing and which of those things can be delegated to someone else? What are the things you’re doing that are visible and that you enjoy doing? Looking at the things you’re doing and not doing will set you up to be able to run several companies and create wealth in less time. Listen to get
Business Owner vs Business Doer
Listen as Mike and Jackie continue the discussion of owners’ work vs doers’ work. An owners‘ work is invisible, and a doers‘ work is visible. Owners doing owners work make owners money. Doers make employee money. Which would you like to do? Do you want to do owners work or doers work and have trouble letting go? Take advantage of