Tyler WagnerFounder, Authorsunite.com · Authorsunite.com and Partnerprofits.io Founder - #1 WSJ Bestselling Author - Book Publisher - Book Marketer - 4,000+ Authors Served - Millions Of Books Sold By Clients - Investor

Making A Legacy | The Tyler Wagner Show Short Clip - Nike Anani

Name: Making A Legacy | The Tyler Wagner Show Short Clip - Nike Anani
Uploaded: 2021-11-30T15:58:46+00:00
Duration: 1 min 39 s
Channel: Tyler Wagner
Description: In this short interview, Tyler Wagner asks guest Nike Anani how to construct a business that endures for the long term. Anani explains that creating a…

30 Nov 2021 · 2 min

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1:39

In this short interview, Tyler Wagner asks guest Nike Anani how to construct a business that endures for the long term. Anani explains that creating a legacy requires starting with the end in mind, establishing a sturdy foundation from inception, and often involving family members early on. He emphasizes that succession planning should not be an after‑thought near retirement; instead, future owners—whether they become CEOs or hold oversight roles—must be deeply familiar with, passionate about, and aligned to the business’s vision. The conversation outlines key checkpoints for building lasting enterprises, such as defining purpose, embedding family ownership, and cultivating ownership responsibility well before transition.

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How do you create a business in that way? Like, what are the kind of checkpoints or the bullet points that you think of when building a business for like the long, long term? Yeah, that'd be my first question.
So yeah, legacy can be, you know, you can make a legacy over time and you can make a legacy over space. So let's talk about the one over time. I think it's really important for folks to know that if you want to know the end of something, you look at the beginning. So you have to build with the end in mind. So it's not when you want to— you're nearing your retirement that you start thinking of, ooh, what will happen to this business after me? But instead, you build from inception, a sturdy foundation, such that that foundation will outlast And quite often that entails really involving the family. Because quite often as entrepreneurs, we're building our businesses for a purpose, and usually it's to provide some financial security for our family, right? And usually when you're approaching that retirement, your natural step is who in the family will take over some capacity, not necessarily take over as CEO, but have some oversight function. Have some ownership responsibility. And I often say that, you know, for those folks to take over and become engaged owners, they have to really love the business, they have to know the business, they have to have bought into the vision of the business.