Small Business Focus

How to boost your business (lessons from the Amazon/Whole Foods tie-up)

Earlier this month Amazon.com announced its acquisition of American supermarket chain Whole Foods.

It will pay $13.7 billion - a 27% premium – in cash.

This is the biggest transaction ever for Amazon.

At the conclusion of the deal, Whole Foods will become a subsidiary of Amazon, thereby massively expanding the internet giant’s presence as a physical retailer.

What can small business owners learn from this tie-up between two, seemingly, very different businesses?

The Money Show’s Bruce Whitfield interviewed Aurik Business Accelerator’s Pavlo Phitidis for this weekly small business feature.

Phitidis presented the Amazon/Whole Foods story as inspiration for the entrepreneur wishing to build a business in a traditional industry that races ahead of established competitors.

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

Reinvest the money you make during the year and avoid paying tax.

Pavlo Phitids, Aurik Business Accelerator

Whole Foods has a horrible checkout process!

Pavlo Phitids, Aurik Business Accelerator

Perhaps Bezos sees this as something bigger than himself.

Pavlo Phitids, Aurik Business Accelerator

The one thing that has defined Amazon is the fact that it is a data business more than anything else.

Pavlo Phitids, Aurik Business Accelerator

Real-world retail will have significance for a long time.

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

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 delegate (and why you must, whether you like it or not)

How to delegate (and why you must, whether you like it or not)

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

Building a business is a bloody sport. An entrepreneur shares lessons learned...

Building a business is a bloody sport. An entrepreneur shares lessons learned...

Pavlo Phitidis and Karabo Songo share lessons they learned from the bloodiest of blood-sports.

Wanna be your own boss? Considering franchising? You may want to check this out…

Wanna be your own boss? Considering franchising? You may want to check this out…

Find franchising alluring? It is! But things can go wrong. Bruce Whitfield talks to a franchisee, a franchisor and Pavlo Phitidis.

How to turn (a dreadful) 2017 into a successful year (you’ve got 12 weeks left)

How to turn (a dreadful) 2017 into a successful year (you’ve got 12 weeks left)

Ray White interviews Aurik Business Accelerator founder and small business guru Pavlo Phitidis.

How to make your business more innovative (and what that actually means)

How to make your business more innovative (and what that actually means)

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

How to avoid a horror story when buying software for your business

How to avoid a horror story when buying software for your business

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

Popular articles
Sassa cards will be functional beyond expiry date

Sassa cards will be functional beyond expiry date

Sassa says text messages making the rounds asking beneficiaries to come and renew their Sassa cards is a hoax.

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

Why Sisulu and Dlamini-Zuma aren't suitable Presidential candidates: analyst

ANC branch in the Eastern Cape, Z.R Mahabana, has launched a campaign backing Lindiwe Sisuslu as an ANC presidential candidate.

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.

Bylaws, times you may use fireworks

Bylaws, times you may use fireworks

City of Johannesburg has urged residents to respect by-laws and the times set for fireworks to be used.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

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?