Small Business Focus, Evergreen Content

How to start your own business (by a guy who started his with almost no money)

The first step of just starting… that part is really not that complicated. It’s a fear of failure that prevents us from taking that first step…

Nic Haralambous

The newer way of thinking is something called a ‘Minimum Viable Product’…

Nic Haralambous

Nic Haralambous started wild/crazy/luxury sock company Nic Harry from his bedroom to prove a point – you can start a lucrative business in a short time with almost no money.

Haralambous had only R5000, yet he turned a small profit after a month.

(Read “How Nic Haralambous started his thriving business with R5000 - and made a profit in the 1st month”.)

The Money Show’s Bruce Whitfield interviewed Haralambous for his weekly small business feature.

Haralambous spoke about starting you own business (focussing on the first steps and processes).

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

Everybody has an idea, but that does not mean that your idea has a place in the world.

Nic Haralambous

If you think you’ve come up with an idea in the shower; you are patently wrong! The chances are your idea doesn’t solve a problem… If it’s big in YOUR world, it doesn’t mean it’s big in THE world… If you have an idea you’ve got to do your research!

Nic Haralambous

Ideas are worth absolutely nothing…! The greatest entrepreneurs in the world are building their own stuff…!

Nic Haralambous

You can’t plan for a billion dollar business at step one…

Nic Haralambous

If you’re so confident about your idea; build it! Ideas are worthless…

Nic Haralambous

It’s a fallacy that overnight successes exit! There is no such thing…

Nic Haralambous

Take the risk! There is no success minted in being cautious… Build your idea! There are no businesses built by thinking; you build by doing.

Nic Haralambous

Reframe the concept of ‘failure’. Failure is just a way to learn…

Nic Haralambous

Never waiver on your vision; the way you get there can change.

Nic Haralambous

Enjoy The Money Show, but miss it sometimes?

Get the best bits emailed to you daily, right after it ends:

Subscribe to our mailing list

* indicates required

Recommended

by NEWSROOM AI

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 start a career (or business) with no experience, money or support

How to start a career (or business) with no experience, money or support

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

Entrepreneurship 101: The basics of starting your own business

Entrepreneurship 101: The basics of starting your own business

Bruce Whitfield interviews Joshua Maluleke, author of “Entrepreneurship 101: Tackling the Basics of Business Start-Up in SA”.

‘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.

How to start an online business and common mistakes to avoid

How to start an online business and common mistakes to avoid

Quirk CEO Justin Spratt on starting an online business and/or taking your established business online.

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).

How to start a business with R20 (and no experience)

How to start a business with R20 (and no experience)

She couldn't sew, and didn't have much money, yet Fernanda Morrow created a wildly successful fashion accessory business.

Popular articles
Are you ready to 'Walk the Talk' with 702 & MTN?

Are you ready to 'Walk the Talk' with 702 & MTN?

The annual MTN Walk the Talk with 702 takes place on 22 July this year, under the theme 'Walking for South Africa'.

From Cape to Cairo: 80-year-old Julia travels to Egypt using 20-year-old car

From Cape to Cairo: 80-year-old Julia travels to Egypt using 20-year-old car

‘It took approximately 4 – 5 months because I had to make some stops on the way for repairs.' - Julia Albu, the African Conquest

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Madiba’s private secretary Zelda la Grange opens up about money (hers and his)

Bruce Whitfield interviews La Grange about her and Madiba's attitude to money (hopes and fears, successes and failures, etc.)

Unravelling Gupta links revealed in Parliamentary Eskom inquiry

Unravelling Gupta links revealed in Parliamentary Eskom inquiry

Journalists Sikhonathi Mantshantsha and Kyle Cowan discuss just how the Guptas and their associates helped capture Eskom.

How to make money through ‘buy-to-let’ (using very little of your own money)

How to make money through ‘buy-to-let’ (using very little of your own money)

Bruce Whitfield interviews Francois Janse van Rensburg, author of “Making Money through Buy-To-Let in South Africa".

An expert guide on 'hotwifing' and 'cuckolding' in the bedroom

An expert guide on 'hotwifing' and 'cuckolding' in the bedroom

Clinical sexologist Dr Eve shares insights into sexual fetishes and how partners negotiate them in their bedroom and relationship.

MTN Walk The Talk with 702: Get your entries in and be part of a united Joburg!

MTN Walk The Talk with 702: Get your entries in and be part of a united Joburg!

Join Joburgers from all walks of life come together peacefully, united in their diversity for a fun family day out.

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?