Small Business Focus

Making money vs creating wealth. They're NOT the same!

Are you building a business to make money?

Or are you doing it to create wealth?

These two goals are not the same and require different strategies.

The Money Show’s Bruce Whitfield interviewed Pavlo Phitidis, Director and CEO of the Aurik Business Incubator, for his weekly small business feature.

Scroll down for quotes from the audio below.

It’s the difference between chasing capital gains versus chasing dividends.

Pavlo Phitids, Aurik Business Incubator

Beyond the money that gets made in the deal, if you’re going for wealth, you’re more interested in the strategic value of the deal.

Pavlo Phitids, Aurik Business Incubator

Subscribe to our Business Wrap Newsletter

Brought to us by Old Mutual.

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to create more time (and how to spend it wisely)

How to create more time (and how to spend it wisely)

Make no mistake; strategizing to grow your business takes time. Yet, few business owners seem to have enough of it.

How to ensure you get paid

How to ensure you get paid

Finding customers is one thing; getting paid is another. Bruce Whitfield interviews small business guru Pavlo Phitidis.

Do you sell stuff? How to sustainably grow revenue by offering services also

Do you sell stuff? How to sustainably grow revenue by offering services also

Small business guru Pavlo Phitidis explains how to build a product business’ long-term revenue through building services.

How to grow your small business into a medium-sized one

How to grow your small business into a medium-sized one

Small business guru Pavlo Phitidis discusses strategies for growth that won’t cause chaos.

How thinking about selling your business will help you create a great one

How thinking about selling your business will help you create a great one

Thinking about selling your business – even at the start, when you’re still building it - will ensure that you create a great one.

How to turn R1000 into a thriving business

How to turn R1000 into a thriving business

Valerie Pole took R1000 and turned it into an extremely profitable business (and then wrote a book about it).

Popular articles
Ex-cyclone Dineo to hit Limpopo, Mpumalanga overnight - SA Weather Service

Ex-cyclone Dineo to hit Limpopo, Mpumalanga overnight - SA Weather Service

Despite the downgrade, residents in parts of Limpopo and Mpumalanga can still expect flooding and heavy rains.

Former Massmart employee threatened for speaking out on racial pay disparity

Former Massmart employee threatened for speaking out on racial pay disparity

Phathuxolo Maqavana has accused Massmart of paying him less than his white colleague, despite being on the same job level.

Vaal Dam levels increase by 5.2%

Vaal Dam levels increase by 5.2%

Department of Water and Sanitation says recent rains have increased the Vaal Dam levels but more is still needed.

It's not the end of the road... Top tips to improve your matric

It's not the end of the road... Top tips to improve your matric

"Recognise that it’s not the end, it’s the beginning." Expert advise for school-leavers who want to improve their results.

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Right now, these are the best shares to buy on the JSE (according to Adviceworx)

Bruce Whitfield interviews a Portfolio Manager about what she believes are the hottest stocks right now.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...

Blesserfinder: Matching you with a sugar daddy near you

Blesserfinder: Matching you with a sugar daddy near you

Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?

5 ways the NSFAS funding model will change in 2017

5 ways the NSFAS funding model will change in 2017

The National Student Financial Aid Scheme (NSFAS) will pilot a new funding model in 2017. NSFAS chairperson Sizwe Nxasana explains.