Creating And Preserving Wealth That Lasts Through Generations with Nike Anani

How do you run a successful family business, preserve it and create wealth that will last from generation to generation?We are joined today by Nike Anani a Speaker, Author and Legacy Planning Consultant for family firms. She will walk us through the things that need to be considered when putting up a family business, especially in a country like Nigeria where discussing family wealth is considered taboo. A co-Founder of African Family Firms, a non-profit community of family businesses, she is passionate about educating entrepreneurs on how to create a lifetime legacy that transcends the family’s wealth but to the community and the entire country. Her work is focused more on creating the formality of building bridges from Africa, to the world, from the world to Africa. Tune in![00:01 - 09:24 ] Opening SegmentOn Africa being left out of many global conversationsNike’s story and how she got into family firms[09:49 - 17:42 ]  Starting a Successful Family BusinessThe challenge of building generational wealthThe right mindset to run a family businessThe pressure of being the wealth creator[18:22 - 25:35 ]Wealth Creation & Generational DifferencesThe challenge of next-gen when taking over the family businessUnderstanding the psychology of the founder and how you can  influence themThe younger generation is equipped!On gender and age inclusivityPlanning with legacy in mind[29:55 - 35:30 ] Wrapping Up! Nike on her new book: What’s her motivation behindThe 3 C’s that are critical success factors for business familiesThe conflict of a family business in today’s generation: Keeping it low versus putting it out there in this media ageKey Quotes“The future is looking to Africa.“ - Nike Anani“We have to move from individual rulership to collective leadership, which requires vision.“ - Nike Anani“They see us coming into the family business to work as dad worked was mom worked, but there's a way to add your skillset, your gifts, and your talents that might not necessarily look like the way your parents did.. there are many opportunities to add once skill sets that add value to the family business.“ - Nike Anani----------------------------------------------------------------------------------------Connect with Nike Anani: Website: https://nikeanani.comLinkedIn: https://www.linkedin.com/in/nikeanani/Instagram: https://www.instagram.com/nikeanani/Connect with me:LinkedInLIKE, SUBSCRIBE, AND LEAVE US  A REVIEW on Apple Podcasts, Spotify, Google Podcasts, or whatever platform you listen on. Thank you for tuning in and Stay Tuned for the Next Episode COMING SOON! Hosted on Acast. See acast.com/privacy for more information.