Author: Michael Louie

Family meetings as a vacation, getting to know you – my weekly blog

We are all busy: business, social, philanthropy activities abound. Organizing family meetings can be a challenge, especially when the organizer is hoping to have 100% attendance. With this organizational challenge, oft times a lot of pressure is placed on ensuring a productive agenda. Maybe an agenda is not needed for every family meeting? Sometimes important […]

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From shirtsleeves to shirtsleeves in three generations….my weekly blog

Shirt sleeves to shirt sleeves in three generations is an American translation of a Lancashire proverb, “there’s nobbut three generations atween a clog and clog.” Some say that Andrew Carnegie, the famed 1800s industrialist from Scotland, brought the proverb’s message to the New World. Further investigation proves that the adage is not unique to any […]

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When to begin succession – Is my business strong?, my weekly blog

In an earlier blog entry, I suggested that you have some conversations with stakeholders about the business, where it stood and what your plans were.  Before you commence that conversation, ask yourself, “Is my business strong?”  What if something happens to you?  Will the business be able to function?  Will there be certain key aspects […]

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Does a certain leadership style facilitate succession? – my weekly perspective

Does a strongly opinionated, mercurial leader create an environment appropriate for succession? ‎ What style is “best” to facilitate succession? The recently decided American election race presents (Jan 6 just around the corner) a great opportunity to compare the success of markedly different styles in a very short period of time, like a social experiment. […]

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Succession and philanthropy – do you have enough for your family? – my weekly blog

Have you sufficient financial resources for your family?  When is enough enough?  This is a question often asked by entrepreneurs and business owners.  For many business owners, they have a belief system which includes giving back to the community…philanthropy. Franco Lombardo, author of “Life after Wealth®: When is Enough”, wrote in an easy to read […]

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