Capital Club 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 Segment
- On Africa being left out of many global conversations
- Nike’s story and how she got into family firms
[09:49 - 17:42 ] Starting a Successful Family Business
- The challenge of building generational wealth
- The right mindset to run a family business
- The pressure of being the wealth creator
[18:22 - 25:35 ]Wealth Creation & Generational Differences
- The challenge of next-gen when taking over the family business
- Understanding the psychology of the founder and how you can influence them
- The younger generation is equipped!
- On gender and age inclusivity
- Planning with legacy in mind
[29:55 - 35:30 ] Wrapping Up!
- Nike on her new book: What’s her motivation behind
- The 3 C’s that are critical success factors for business families
- The conflict of a family business in today’s generation: Keeping it low versus putting it out there in this media age
Key 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
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Connect with Nike Anani:
Website: https://nikeanani.com
LinkedIn: https://www.linkedin.com/in/nikeanani/
Instagram: https://www.instagram.com/nikeanani/
Connect with me:
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