LinkSpace Career Academy

An online Academy Teaching, Training, Coaching and Mentoring the Youth to Live a Meaningful Life and Lifestyle
Note:fully affiliates with @LinkSpaceCA

[LinkSpace Career Academy @LinkSpace_CA]

Happy Wednesday Friends ✨
Coming up tonight @LinkSpace_CA
"The Family Business Paradox Season 1" 🔥
Across Africa 80% of Businesses are Family-run, yet 70% don't survive past generation 1.
Join us tonight 24 June | 08:00 PM EAT | 06:00 PM EAT as we dig deeper & learn more🧵👇

[LinkSpace Career Academy @LinkSpace_CA]

Professionalism fades as time goes on

[LinkSpace Career Academy @LinkSpace_CA]

https://t.co/pT9hDJjGsX

[LinkSpace Career Academy @LinkSpace_CA]

Sibling rivalry is another challenge in Family Businesses in Africa

[LinkSpace Career Academy @LinkSpace_CA]

With a Family Business, the family members have the majority share in the business

[LinkSpace Career Academy @LinkSpace_CA]

Have a clear plan of how you are going to transfer to your children. The succession plan is very important

[LinkSpace Career Academy @LinkSpace_CA]

Family members should be mentored into the role

[LinkSpace Career Academy @LinkSpace_CA]

You need to prepare your next generation

[LinkSpace Career Academy @LinkSpace_CA]

Ownership Circle includes those who good legal shares or equity in the Company

[LinkSpace Career Academy @LinkSpace_CA]

The Family Circle; this consist of all family members, regardless of whether they have a stake in the business or work in it. The primary focus is around family,harminy, legacy and employment opportunities.

The Business Circle: This comprises everyone who works in the Company.

[LinkSpace Career Academy @LinkSpace_CA]

The three circle model of family business; Family, the Business and the Ownership

[LinkSpace Career Academy @LinkSpace_CA]

There must be a shared vision for the business to take off and continue in existence

[LinkSpace Career Academy @LinkSpace_CA]

We lost him, but he is now back

[LinkSpace Career Academy @LinkSpace_CA]

We get love and we are able to express our emotions with our family.

[LinkSpace Career Academy @LinkSpace_CA]

Without family we don't grow, because as human being we are social animals

[LinkSpace Career Academy @LinkSpace_CA]

Families are for making children 😊

[LinkSpace Career Academy @LinkSpace_CA]

Our families are our first Investors, our first staff, our first customers, and our first headache

[LinkSpace Career Academy @LinkSpace_CA]

Family provides a safe environment for doing business

[LinkSpace Career Academy @LinkSpace_CA]

Salary is not Business

[LinkSpace Career Academy @LinkSpace_CA]

Business is any activity carried out in exchange for money.

[LinkSpace Career Academy @LinkSpace_CA]

We have a nuclear family and the extended family, and also families we choose to join or them joining us.

[LinkSpace Career Academy @LinkSpace_CA]

Whether you are in business or not, you are working towards the next generation of Africa