Author: Michael Louie

Some points and issues for consideration that could facilitate the succession of your business. You could use list this as a regular check up tool to assess the general health of your business: 1.  have you identified the company’s key performance indicators (KPI’s), http://successinsuccession.wordpress.com/2011/03/13/succession-key-performance-indicators/ 2. what are the benchmarks for your KPI’s 3. have you identified […]

You the entrepreneur have always run most, if not all aspects of the business.  However, you do seek outside help and input when you do not know a specific area of your business…such as having a tax expert help you in filing your company’s tax returns. Many entrepreneurs think they fully understand succession and how […]

Succession is not only about the plan and how the succession will be done.  It is also important to keep an eye on your business, its risks and opportunities.  We have heard of SWOT analyses.  It is imperative that you share your thoughts and plans about the businesses’ future with your successor.  You have likely […]