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Podcast: How to Create Age and Gender Inclusivity in Family Business

Podcast: How to Create Age and Gender Inclusivity in Family Business

Our guest for this episode featured Nike Anani, Founder of African Family Firms, which is a non-profit community of family business owners of African descent from around the globe. Nike’ got her start as a member of her own family’s construction firm when she lived in Nigeria. Born there, but raised and educated in the UK, she went back to work in the family business with her father in Nigeria and eventually helped the family plan their own succession. This led to her work with other family businesses. 

Her typical client is a 2nd generation owner of a family business of African descent. She works with them to build a legacy plan, a wealth and estate plan, while counseling them on developing a communication plan to help facilitate and complete all of the above. With an asset base of $50M and above, these would be considered larger family enterprises by comparison to most, making their situations more complex and time consuming, but still having many of the same issues family business owners tend to face.  

Nike recently released “Lifetime to Legacy” a book about how to leave a family business legacy. Her advice for our listeners:

1. Be mindful of all stakeholders in the family business and use empathy when dealing and communicating with each other

2. Owners should try to include the Next Gen into the planning as early as possible. Being a successor can be intimidating; the earlier they know what’s going on, the higher likelihood of success.

For more tips, stories and advice listen to episode here

Find Nike on LinkedIn: Nike Anani

Poised for Exit Podcast Sponsors:
Sunbelt Business Advisors

Sunbelt Business Advisors is a proud sponsor of the Poised for Exit Podcast. The Poised for Exit podcast seeks to help entrepreneurs improve, grow – and successfully exit – their businesses.

Julie Keyes, a life-time entrepreneur and founder of KeyeStrategies, understands what keeps an owner up at night and the balancing act required to work both ‘in’ and ‘on’ the business. The firm’s mission is to help business owners increase enterprise value and prepare for a future exit.

Julie believes in providing outside perspective and mentoring, which made all the difference for her while spending years growing and improving her companies before selling and becoming a business adviser in 2011.