Michael Louie | Succession Today

Planning for the future – delegate, my weekly perspective

Posted by Michael Louie | Jan 22, 2023 | Family Business Succession Planning Guides and comments, Family Legacy

You may not be here forever…you are mortal.

These are prophetic words, that I have repeated many times to business owners

How do you define success? – my weekly perspective

Posted by Michael Louie | Jan 8, 2023 | Succession Planning

To me, family is far more important than anything else. Second importance is to surround myself with people that share the same values….honesty, integrity and honour.

Writing your obituary – my weekly perspective

Posted by Michael Louie | Dec 26, 2022 | Succession Planning

What is truly meaningful to you in your life. A practical exercise to help you frame this existential question is to write your obituary.

Does fair mean equal? My weekly perspective

Posted by Michael Louie | Dec 11, 2022 | Succession Planning

It is not uncommon in a family business where the parents want to treat all siblings exactly the same, meaning that they each receive the same amount of “compensation” from the business. I

The power of why ? my weekly perspective

Posted by Michael Louie | Nov 27, 2022 | Family Legacy

…and so on. As the questions of why continue to get deeper, you gain a better understanding of the why. These answers, however, are not derived quickly. They can take deeper reflection and most importantly, time. Like a well prepared beef bourguignon, it takes a long time to simmer to enable all of the unique ingredients to meld into the delicious end state when it is served.