Self care – my weekly perspective
We all are busy. Are you taking care of yourself? This post pandemic and seemingly exhausting...
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Author: Michael Louie
Family employment, best practices – my weekly perspective
In a prior blog post, I outlined the three circle model. Today, I will describe this model in the context of family employment. Many a family business has become fiscally challenged as the number of family members relying on compensation from the business grew (in successive generations) and the expectation – entitlement for compensation, regardless […]
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A checklist to assess the health of your business…. – my weekly perspective
Some points and issues for consideration that could facilitate the succession of your business. You could use list this as a regular check up tool to assess the general health of your business: 1. have you identified the company’s key performance indicators (KPI’s), http://successinsuccession.wordpress.com/2011/03/13/succession-key-performance-indicators/ 2. what are the benchmarks for your KPI’s 3. have you identified […]
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Who is in charge of the succession plan? – my weekly perspective
You the entrepreneur have always run most, if not all aspects of the business. However, you do seek outside help and input when you do not know a specific area of your business…such as having a tax expert help you in filing your company’s tax returns. Many entrepreneurs think they fully understand succession and how […]
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It’s about taking risks – maybe not a do it yourself project, my weekly perspective
Today, I am writing about you and your family interactions, mostly as it relates to the family business. Risk taking in your family communication is not easy to do. Having difficult conversations can let you and the business thrive. Not having difficult conversations could stifle and hold back the business.
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