Michael Louie | Succession Today

Planning for future generations – my weekly perspective

Posted by Michael Louie | Mar 19, 2023 | Family Business Succession Planning Guides and comments

Succession for your family enterprise is about thinking long term, beyond your immediate plannning and sometimes considers matters well into the next generations.

KPI’s – my weekly perspective

Posted by Michael Louie | Mar 5, 2023 | Succession Planning

KPI = key performance indicators. These are metrics that you can use to assess the effectiveness and efficiency of your enterprise. They help you focus on the important aspects of your business and can give you benchmarks for continuing improvement.

Your succession family rule book – write it down… my weekly perspective

Posted by Michael Louie | Feb 19, 2023 | Succession Planning

In order for succession to succeed, often the rules of the game have to be clearly set out and communicated to family members.

Financial literacy, it is never too late – my weekly perspective

Posted by Michael Louie | Feb 5, 2023 | Family Business Succession Planning Guides and comments

Do you think that the children were ever properly taught about financial literacy. Part of the dysfunction in this family stems from its lack of discussion around the responsibility of wealth and the challenges and simple hard work needed to achieve that.