Aug 31, 2023
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...
Aug 29, 2023
Join Jackie Zach, the Family Business Navigator and Mike McKay as we discuss family conflict resolution. It is a unique balance between being family and running a business. It impacts decision making, morale, and the growth of the business.
Need some help with family conflict resolution to run a more professional...
Aug 24, 2023
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...
Aug 22, 2023
If you want a business succession plan to go smoothly, you need to know that it’s a 3-7 year process. In a family business, it may take even longer. Many family businesses only have one opinion and one set of experiences, namely their own. It can be wonderful or traumatic. Listen as we explore the ins and outs of...
Aug 17, 2023
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...