EP7: Working with Friends, Setting Business Strategies, and Building Your Star Team with Diana Owolade

6 Jun 2023 · 43 min
Episode

6 Jun 2023 · 43 min

0:00

In this episode of True Wealth Conversations, host Dominique Broadway interviews her longtime friend and chief of staff, Diana Owolade (formerly Diana Lewis), at the Wealth Demystified Retreat in Cancún. The conversation begins with Diana’s background in nonprofit fundraising and event management, where she led teams of 12+ and raised up to $2 million annually. Dominique recounts how their friendship, forged at a 2017 Black Enterprise pitch competition, evolved into a professional partnership when Dominique, overwhelmed by rapid growth of her financial‑education company Finances Demystified, decided she needed a chief of staff. Diana accepted, seeing the role as a chance to apply her organizational skills and support Dominique’s vision. The bulk of the interview details Diana’s day‑to‑day responsibilities across three brands and a newly acquired company where she also serves as CEO: managing employees and contractors, handling payroll, overseeing external partners (legal, HR, business managers), coordinating calendars with Dominique’s executive assistant, and directing events and project execution. They discuss operational challenges such as scaling from a three‑person team to a 25‑person operation, instituting processes, and the tension between entrepreneurial spontaneity and the need for structured checks. Key leadership themes emerge: the difficulty of hiring and firing in a small, close‑knit team; the importance of proactive communication; balancing friendship with professional boundaries; and the necessity of a trusted right‑hand who can anticipate needs and keep the CEO focused. Diana shares personal motivations, including her husband’s financial goals and her desire to build multigenerational wealth for her descendants, which aligns with the podcast’s broader theme of “true wealth.” The episode closes with mutual appreciation, reflections on their growth from single women to business leaders, and a teaser for Dominique’s book, The Wealth Decision. Overall, the interview offers practical insights into chief‑of‑staff roles, scaling startups, and the dynamics of working with close friends in high‑growth environments.

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