Small Business Focus, Evergreen Content

How to create wealth with a small business

You want to generate an excess… how you deal with that excess will determine if you’re going to build wealth…

Pavlo Phitidis, founder - Aurik Business Accelerator

The purpose behind every business owner should be to create a business that’s an asset of value…

Pavlo Phitidis, founder - Aurik Business Accelerator

What is wealth?

As a business owner; how do you create it?

The Money Show’s Bruce Whitfield interviewed small business guru Pavlo Phitidis, the founder of Aurik Business Accelerator.

Many business owners never think about it, said Phitidis

A business can be built to either make money or create wealth, or both.

For more detail listen to the interview in the audio below (and scroll down for more quotes from it).

Generating wealth should put you in a position of being well-sustained by the business you’ve built, not by all the work you’re putting into it.

Pavlo Phitidis, founder - Aurik Business Accelerator

Service does not set your business apart… Your competitor will have an equally great product… Solving a problem in a unique way is what sets you apart…

Pavlo Phitidis, founder - Aurik Business Accelerator

Growth generates a freshness… If you lose your appetite for it [growth], you need to consider your exit from that business…

Pavlo Phitidis, founder - Aurik Business Accelerator

Protecting the money should be an absolute discipline… Insurance… is not hard to get right.

Pavlo Phitidis, founder - Aurik Business Accelerator

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning:

Subscribe to our Business Wrap Newsletter


Recommended

by NEWSROOM AI
Read More
Marketing is becoming the single most important key to success in small business

Marketing is becoming the single most important key to success in small business

'Marketing' is not 'sales'. It’s not noise. It's a science, and you must get it right, says Pavlo Phitidis.

How to build a resilient small business

How to build a resilient small business

Small business guru Pavlo Phitidis on the basics of building a resilient business. He gives clear guidelines for getting it right.

How to strategise instead of leaving it up to fate

How to strategise instead of leaving it up to fate

Do you have a strategy, or are you just being busy? Bruce Whitfield interviews small business guru Pavlo Phitidis.

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Pay up to 45% less tax by investing in a small business (Section 12J incentive)

Dino Zuccollo of Westbrooke Alternative Asset Management answers 12 FAQs about the Section 12J tax incentive.

Want to start a business? How to know if it’ll work before you take the plunge

Want to start a business? How to know if it’ll work before you take the plunge

"Idea validation" is the process of testing your idea before launching your business, says Yiedi CEO Jayshree Naidoo.

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

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

The Money Show’s Bruce Whitfield interviews NicHarry founder Nic Haralambous.

Popular articles
Journalist explores what could go wrong with the new street cameras in Joburg

Journalist explores what could go wrong with the new street cameras in Joburg

Daily Maverick's contributor Heidi Swart says service providers that install surveillance monitors need to be responsible.

[WATCH] Mabena's lack of agility has social media in stitches, we are Mabena!

[WATCH] Mabena's lack of agility has social media in stitches, we are Mabena!

Khabazela shares tweets and Facebook posts that have gone viral.

SA’s richest woman opens up about being a refugee and becoming a billionaire

SA’s richest woman opens up about being a refugee and becoming a billionaire

Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).

[EXPOSED] Tips made with cards often don't end up in waiters' pockets

[EXPOSED] Tips made with cards often don't end up in waiters' pockets

You may want to start tipping your waiter in cash. Consumer journalist Wendy Knowler on how restaurants abuse their employees.

Lagos to become the world’s largest city with a population of 100 million

Lagos to become the world’s largest city with a population of 100 million

Lagos - home to 22 million people – is suffering an extreme housing shortage. Bruce Whitfield interviews Lee Kasumba.

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

Meet Sandile Shabalala, CEO of black-owned and controlled TymeBank

TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.