In an insightful and engaging session at Firstforty Hotel, Abuja, Dr. Ayo Shonde, the esteemed president of the Committed Family Business Fellowship (CFBF), stood for a candid conversation with members of the fellowship. The discussion, which centered on the future of family businesses and the role of CFBF in shaping that future, provided a platform for members to engage directly with Dr. Shonde on a wide range of topics critical to family business development and sustainability.
A Conversation on Family Values and Business Success
Dr. Shonde, shared his vast experience and vision for the growth of CFBF and the impact it seeks to have on family-run businesses across Nigeria. During the chat, he emphasized the importance of integrating strong family values with sound business practices, noting that the success of any family business is often rooted in the foundation of trust, collaboration, and mutual respect within the family unit.
“Family businesses are not just about making money; they are about creating a legacy that transcends generations,” Dr. Shonde remarked, encouraging CFBF members to focus on the long-term health and sustainability of their businesses. His message resonated deeply with attendees, many of whom are navigating the challenges of running family-owned enterprises in a rapidly changing market.
Building Sustainable Family Businesses
One of the key points of the conversation was the future of family businesses in Nigeria and Africa at large. Dr. Shonde discussed the evolving landscape of family enterprises, stressing the importance of adaptability, innovation, and education in ensuring their survival and growth. He urged CFBF members to invest in continuous learning, mentorship, and the development of future generations to take on leadership roles within their family businesses.
“We must be proactive in preparing the next generation for leadership,” Dr. Shonde shared. “Training, education, and mentorship are crucial to building a sustainable family business that thrives for years to come.”
The members engaged with Dr. Shonde on various topics related to family business dynamics, such as succession planning, conflict resolution, and the importance of setting clear goals and values. The session fostered a deep sense of camaraderie, as families shared their experiences and challenges, while also seeking advice from Dr. Shonde on how to overcome obstacles in their entrepreneurial journeys.
Fostering a Culture of Collaboration and Support
Dr. Shonde’s leadership style and commitment to family values were evident throughout the conversation. He spoke about the critical role that CFBF plays in providing a platform for family businesses to collaborate, support one another, and learn from shared experiences. “At CFBF, we are building more than just businesses; we are fostering a community that believes in the power of family and the strength that comes from working together.”
Participants in the session expressed their gratitude for the opportunity to interact with Dr. Shonde, noting how his insights had inspired them to take a more intentional approach to their businesses and to prioritize family unity as a core value in their operations.
Looking Ahead: A Stronger Future for Family Businesses
As the session drew to a close, Dr. Shonde encouraged members of CFBF to remain committed to the organization’s mission of promoting family values, sustainable businesses, and community development. With plans for more workshops, seminars, and networking events on the horizon, CFBF continues to provide valuable resources and opportunities for family businesses to thrive.
The chat with Dr. Ayo Shonde was not just an exchange of ideas, but a reaffirmation of the organization’s commitment to helping families succeed in business while staying true to their core values. As members left the event, they were filled with a renewed sense of purpose and direction, ready to apply the wisdom gained from Dr. Shonde to their own family businesses.