Michael Louie | Succession Today

A poem of reflection, a perspective

Posted by Michael Louie | Nov 13, 2022 | Family Legacy

This lovely poem was written by Mario de Andrade (San Paolo 1893-1945) Poet, novelist, essayist and musicologist. He was

one of the founders of Brazilian modernism.

Your other assets that have value – my weekly perspective

Posted by Michael Louie | Oct 30, 2022 | Family Legacy

Having had some family members recently pass, I have found that the truly valuable non-monetary assets are either not easy to find or not readily available when your loved one has passed. These assets are “PRICELESS”.

It is never too late to effect the succession of your business – my weekly perspective

Posted by Michael Louie | Oct 16, 2022 | Succession Planning

This cartoon is intended to be hyperbole about business and family succession. Maybe you should think about what you are doing right now for the succession of your family enterprise. Are your heirs financially literate? Do they understand the business? Are they yet involved in the business? Some wait until it is too late…what are […]

Governance, how decisions are made in the family enterprise – my weekly perspective

Posted by Michael Louie | Jul 24, 2022 | Succession Planning

Governance, how decisions are made in the family enterprise Setting a governance policy for your family enterprise, that is clear, perceived as fair and most importantly communicated will go a long ways to helping your enterprise make effective and supported decisions. The communication piece around the decision making methodology (write it down) to all stakeholders […]

Communication and how to open the conversation – my weekly perspective

Posted by Michael Louie | Jun 12, 2022 | Family Legacy, Succession Planning

How can you open the conversation around succession and your future retirement from the business with 1. your spouse 2. your family members 3. your employees Let’s first focus on your spouse and family. First your family should be part of the journey to this time of the development of your business. They have provided […]