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?
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:
Recommendedby NEWSROOM AI
'Marketing' is not 'sales'. It’s not noise. It's a science, and you must get it right, says Pavlo Phitidis.
Small business guru Pavlo Phitidis on the basics of building a resilient business. He gives clear guidelines for getting it right.
Do you have a strategy, or are you just being busy? Bruce Whitfield interviews small business guru Pavlo Phitidis.
Dino Zuccollo of Westbrooke Alternative Asset Management answers 12 FAQs about the Section 12J tax incentive.
"Idea validation" is the process of testing your idea before launching your business, says Yiedi CEO Jayshree Naidoo.
The Money Show’s Bruce Whitfield interviews NicHarry founder Nic Haralambous.
Daily Maverick's contributor Heidi Swart says service providers that install surveillance monitors need to be responsible.
Khabazela shares tweets and Facebook posts that have gone viral.
Magda Wierzycka – Sygnia’s renegade CEO – on her attitude toward money (hopes and fears, successes and failures, etc.).
You may want to start tipping your waiter in cash. Consumer journalist Wendy Knowler on how restaurants abuse their employees.
Lagos - home to 22 million people – is suffering an extreme housing shortage. Bruce Whitfield interviews Lee Kasumba.
TymeBank has no branches and no monthly fees. Most transactions are free. Bruce Whitfield interviews its CEO.