Small Business Focus

Stuttafords dies on 1 August. There are lessons to learn

Stuttafords will shut up shop on 1 August.

The iconic giant could not evolve.

What do we learn from this?

The Money Show’s Bruce Whitfield interviewed Aurik Business Accelerator founder Pavlo Phitidis.

Listen to the interview in the audio below (and/or scroll down for quotes from it).

Arguments are often why family-owned businesses don’t make it to the second generation.

Pavlo Phitids, Aurik Business Accelerator

Stuttafords had a great business model.

Pavlo Phitids, Aurik Business Accelerator

They created a wonderful experience. But things have changed.

Pavlo Phitids, Aurik Business Accelerator

Stuttafords is South Africa’s Kodak.

Pavlo Phitids, Aurik Business Accelerator

Focussing on a niche lends itself to a very successful click-and-mortar business.

Pavlo Phitids, Aurik Business Accelerator

Click here (then “like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter


Recommended

by THE NEWSROOM

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
Need money for a business? Finfind connects providers and seekers of finance

Need money for a business? Finfind connects providers and seekers of finance

The Money Show’s Bruce Whitfield interviews Finfind CEO Darlene Menzies for his weekly small business feature.

Work life balance for entrepreneurs? A successful, hardworking one has advice…

Work life balance for entrepreneurs? A successful, hardworking one has advice…

The Money Show’s Bruce Whitfield interviews NicHarry founder Nic Haralambous for his weekly small business feature.

Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

How to use your anger and frustration (and exhaustion!) to profit in 2018

How to use your anger and frustration (and exhaustion!) to profit in 2018

Corporate and government corruption… It’s been a tough year. Bruce Whitfield talks to Aurik Business Accelerator’s Pavlo Phitidis.

How to draw up a business plan (and how to adapt it over time)

How to draw up a business plan (and how to adapt it over time)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Succession planning 101 (or how transfer power from one generation to the next)

Succession planning 101 (or how transfer power from one generation to the next)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Popular articles
Dr Mbuyiseni Ndlozi opens up about his thesis

Dr Mbuyiseni Ndlozi opens up about his thesis

Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.

Trump confirms his first visit to Africa

Trump confirms his first visit to Africa

United States President Donald Trump has disclosed his first stop on an African visit.

Art deco buildings make Springs an architectural tourism destination

Art deco buildings make Springs an architectural tourism destination

The style of visual arts architecture has become part of a few impromptu tours by Jeffrey Cole in the underrated East Rand.

'The university degree is dead'

'The university degree is dead'

Flux Trends founder Dion Chang gives five reasons why he believes getting a degree is past its sell by date.

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...

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.

How much should you be paying your domestic worker?

How much should you be paying your domestic worker?

A new online tool has been developed to put what you pay your domestic worker into perspective.