Talking about wealth – an approach to succession, my weekly perspective
What is wealth? This is a definition unique to your family. Many families never start the conversation around wealth with their successors. It is never too late.
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Author: Michael Louie
Marathons – an analogy, my weekly perspective
Finishing a marathon is more about the preparation than the race itself. Marathon training and running the race are a great analogy to your family’s succession plan. They both require commitment regular training with high levels of communication biofeedback and feedback from a coach or others, and take time. I have not run a full […]
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What is your lens in the family enterprise – my weekly perspective
Lenses (3) = family, business, ownership Did you know that in your role in the family enterprise, you can have three different roles: family, business, ownership? They each have differing and sometimes conflicting goals and objectives so to clearly understand a decision that you are making, you should understand from which of the three perspectives […]
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The Family in the 3 circle model – my weekly blog
The enterprise is not just about making money. I hope that you and your family has a greater purpose than that. I should not judge because for some the quest for more wealth is their singular focus. Much literature has studied the traditional 3 circle model for family enterprises made up of family, ownership and […]
Read MoreWhen to have the talk about family wealth? – my weekly perspective
Why do we not talk openly about wealth within a family – sometimes waiting until it may be too late? – Is it an uncomfortable topic to raise and to discuss? – Do you worry about setting expectations so that your heirs become entitled in attitude and work ethic? – Do your heirs understand the […]
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