Creating a Comprehensive Emergency Business Plan – MY WEEKLY PERSPECTIVE
CREATING A COMPREHENSIVE EMERGENCY BUSINESS PLAN In the unpredictable world of family business,...
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Author: Michael Louie
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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Wealth and responsibility, philanthropy? – my weekly perspective
For the successful family, at what age is it appropriate to teach your children about your family’s wealth, and more importantly, the responsibility that such wealth carries with it? My view, is you start the process at as early an age as possible. Why? You engage your children with the concept that wealth carries with […]
Read MoreBright lights vs 1″ at a time – my weekly perspective
As the leader of your enterprise, what is your focus? Are you single mindedly working on achieving the long term strategy of your enterprise? During this journey, do you occasionally pause to: – measure the enterprise’s progress to date on the strategy – consider how you define success – course correct the strategy as needed […]
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Will your children turn out to be “successful” – my weekly perspective
Succession is all about passing on all of your harvest resulting from your hard work to the next generation or to your chosen heirs, whether or not they plan to continue on the business as its future leader. Some questions you may ask yourself: – Will your children be interested in the business and the […]
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