Small Business Focus

South Africa is flirting with recession. Again. How to 'create your own economy'

pexels.com, 2019

Creating an economy where there is no economy is becoming a skill of successful business owners, said Aurik Business Accelerator founder Pavlo Phitidis.

In our economy - which constantly flirts with recession – the timing could not be better to create your own economy.

Phitidis describes "economy" as the latent potential to do and grow business.

It's everywhere and lives in both growing and shrinking economies.

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

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

We might be slipping back into a bit of a recession… huge anxiety over our power supply…

Pavlo Phitidis, founder - Aurik Business Accelerator

I’m talking about improving my and your experience…

Pavlo Phitidis, founder - Aurik Business Accelerator

The opportunities that you can create in a market that seems satisfied… the businesses operating here are focused on a product economy… the new opportunities are created in the experience economy…

Pavlo Phitidis, founder - Aurik Business Accelerator

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