Author: Michael Louie

A wise family enterprise advisor said, “If you take a resource to the grave, you will dramatically impact your company’s ability to compete.”. This is definitely a no no. A Men’s Health magazine article agrees….Men’s health article What can you do? 1. Identify what special resources your enterprise possesses 2. Tell someone trusted in your […]

Trust and respect.  These are earned and not things that are inherited. There are two edges to this sword.  Children should not be entitled to “own” and operate a business, just because they were born to the right family.  The best candidate to run a business, may not necessarily be a family member.  Generally a […]

As a family enterprise navigates it’s way through succession, there will be a time when a family owner no longer works for the business. This creates potential issues. The most obvious is the differences of view potentially between salaries to family members and dividends to owners of shares. In many enterprises, the line between dividends […]

You know how much hard work you had to exert to earn and accumulate your family’s wealth. How much do you “share” with your following generations and do you control how they spend what you do share with them? You do not wish to turn your following generations into entitled and unambitious inheritors? Do you? […]

Summer is the time for taking some rest, relaxation and sometimes seeking adventure. Having just returned from a 3 generation 10 day eastern Canada journey – I can now quietly reflect on the frenetic time together. This was a great opportunity for my family to enjoy the company of each other. How often can one […]