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
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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Listen to the differences – my weekly perspective
Succession can be all about the end goal which should be an orderly transition of governance and wealth of the family enterprise. However, the terms of how a successful succession plan can be effected is better understanding between the generations. This can be accomplished by spending time and listening to the views; not necessarily accepting […]
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Wealth has responsibility – my weekly perspective
Wealth is not to be taken for granted and it is our job to educate our family members about the responsibility of wealth. We have been very fortunate to have lived through some of the most prosperous growth periods in history. This has afforded us the luxury of offering to our children a lifestyle without […]
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Sudden wealth syndrome – some thoughts, my weekly perspective
“If a man is proud of his wealth, he should not be praised until we know how he employs it.” – Socrates I have seen this same story replayed too many times. A family sells its business and is left with two burdens, a lot of money and a sizeable tax bill. The lead up […]
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