Small Business Focus

Ignore (almost) every opinion (and 4 other business lessons 2015 taught)

(Click here for more articles on small business ownership.)

(Also read "2015 has been tough, but it sure had some good money lessons to teach us")

The Money Show’s Bruce Whitfield interviewed Nic Haralambous, CEO and Co-founder of Nicksocks.

Haralambous discussed these five business lessons 2015 taught him:

  • Raise partners, not money

  • Strong opinions, weakly held

  • Plan long term, hustle short term

  • A quick decision is better than no decision

  • Ignore almost every opinion anyone has, ever

Scroll down for quotes from the audio below.

I started this company with R5000.

Nic Haralambous, CEO and Co-founder of Nicksocks

Our bricks-and-mortar store easily outsells our website.

Nic Haralambous, CEO and Co-founder of Nicksocks

The Post Office is dead to me. We use a courier.

Nic Haralambous, CEO and Co-founder of Nicksocks

We’re putting all our profits back into the business; as you should.

Nic Haralambous, CEO and Co-founder of Nicksocks

Money is everywhere! Finding the right partners is the hard part.

Nic Haralambous, CEO and Co-founder of Nicksocks

You should be vetting your investors as much as they are vetting you.

Nic Haralambous, CEO and Co-founder of Nicksocks

Pick a route and go with it. If it’s wrong, move.

Nic Haralambous, CEO and Co-founder of Nicksocks

Physical retail is not for sissies!

Nic Haralambous, CEO and Co-founder of Nicksocks

Do what you feel is right. You know better what to do than anyone else.

Nic Haralambous, CEO and Co-founder of Nicksocks

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