Author: Michael Louie

Asset allocation – should I review this for my family enterprise? – my weekly perspective

Do you have any idea of how much of your family’s worth is invested in your family business? What about other assets which have a meaningful value? Here in Vancouver (Canada), I have seen the net worth of families grow exponentially because of our long and significant increase in real estate values. This increase has […]

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Celebrate your successes – my weekly perspective

As serious and challenging your path through succession can be, you should take time to: 1. Enjoy the journey 2. Celebrate your achievements 3. Take baby steps The journey through succession in my view is equally as important as the end goal to transition the business between generations. Throughout this quest you can enjoy the […]

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Write it down….my weekly perspective

In order for your succession plan to succeed, you have to enunciate a clear vision.  A weakness of many plans is the lack of continuing clarity.  How do you ensure that you have clarity?  Write it down. Reducing your succession plan to writing is a necessary step that forces you to set out in unambiguous […]

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