Storytime, telling the family story – my weekly perspective
Every family has a story and every business has its beginnings.
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Author: Michael Louie
Pressure, decision making and succession – my weekly perspective
You create your own circumstance and decisions. The banner is a poster from Robert Herjavec, one of the investors on the TV show the Shark Tank. Succession is a plan that is not forced upon you until you have to act. Therefore, much like I try to do, carpe diem, seize the day and do […]
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Communication – a refresher, my weekly perspective
Succession, is not a goal; it is a journey. The road to succession of a family business may be long but there are others there to 1. help, 2. support, 3. guide, 4. reflect. The natural person with whom you can discuss succession with would be your consigliere. More about your consigliere here: Identifying a […]
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Educate – financial literacy of our children. My weekly perspective
Do you have the responsibility to raise children (could now be adults) so that they are prepared to inherit wealth? A mere $ 42 trillion will be passing to the next generation in the next 20-30 years. If you do not take active steps to get them ready for the responsibility that wealth brings, then how will these children otherwise get prepared? Many parents try to raise their children and share their values. Do you as parents also talk about financial literacy?
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Taking time to reflect – my weekly perspective
Life is short so take advantage of the time that you have. Make sure you pause to savour the moment and the precious time with the people who really mean something to you. Why am I so reflective? Three people who I thought I knew reasonably well, have passed on, unexpectedly, right in the prime […]
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