May 7, 2018 | Succeeding In The Business
(by Michael Louie from Success in Succession) Conflict is inevitable, especially as you begin to transfer governance away from yourself to others. These other decision makers will begin to make their own decisions which may or may not be congruent to the decision that...
Jan 2, 2018 | Succeeding In The Business
(by Michael Louie, as originally appeared at SuccessionToday.com) One key value, for me being part of an immigrant family, is watching your pennies. To us it really matters how much a pound of bananas cost. Many studies show that for most family businesses, they have...
Nov 27, 2017 | Succeeding In The Business
(by Michael Louie as originally appeared in Succession Today!) Succession: Two components are critical to the longevity of a business. 1. Succession of the business from one generation to the next, and 2. Succession of the key management. Many progressive businesses...
Nov 20, 2017 | Succeeding In The Business
(by Michael Louie as originally appeared at Succession Today!) Sayings, all well put, from David and Goliath by Malcolm Gladwell, in three different languages: From shirtsleeves to shirtsleeves in 3 generations Dalle stelle alle stalle (from stars to stables) Quien n...
Oct 30, 2017 | Family Dynamics
(by Michael Louie. This post originally appeared as an article in Succession Today) 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...
