Small Business Focus

How to find funding so your business can grow

(Do you know about a small business with great service? Reward them with a 2015 Small Business Awards nomination! Click here to nominate businesses in and around Johannesburg and here for businesses around Cape Town.)

Funding your business through what you have, not what you need, is a crucial entrepreneurial skill.

What you have in your established business includes customers, suppliers and staff.

We interviewed Pavlo Phitidis, Director and CEO of the Aurik Business Incubator.

Phitidis looked at some examples in all three areas to find the funding to realise your growth.

Scroll down to listen to the audio for some creative ways to secure funding.

You can, for example, tell your supplier ‘Work with me to secure this deal!’

Pavlo Phitids, Aurik Business Incubator

Forced savings to build up a reserve fund is very important. If you don’t have this it’s like a bear going into winter without a layer of fat.

Pavlo Phitids, Aurik Business Incubator

How about offering a share of your business to suitable staff members?

Pavlo Phitids, Aurik Business Incubator

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 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.

Small business guru Pavlo Phitidis gets personal, opens up about his own money

Small business guru Pavlo Phitidis gets personal, opens up about his own money

Bruce Whitfield interviews the famed entrepreneurship expert about his attitude to money (hopes, fears, successes, failures...).

Small business lessons from ‘Mayweather vs McGregor’

Small business lessons from ‘Mayweather vs McGregor’

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

How to protect your small business (against big business)

How to protect your small business (against big business)

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

Got a bright idea? How to turn it into a product or service you can sell

Got a bright idea? How to turn it into a product or service you can sell

Aurik Business Incubator Director and CEO Pavlo Phitidis takes listeners’ calls and analyses their products/service ideas.

How to go to market with your bright idea

How to go to market with your bright idea

Do you have an idea that could be worth a fortune? Here's how to turn that idea into something real you can sell.

Popular articles
Opinion:  Bishop Lekganyane is right

Opinion: Bishop Lekganyane is right

Stephen Grootes weighs in on comments made by the Zion Christian Church Bishop at the weekend.

SAB urges public to stop abusing free water at Newlands Spring

SAB urges public to stop abusing free water at Newlands Spring

There have been several reports of abuse of the facility, with a number of people tapping far more water than is allowed.

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.

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Meet the founder of Capitec Bank, named ‘Best Bank on Earth and Cheapest in SA’

Michiel le Roux speaks about the fascinating story behind the little bank that has the Big 4 shaking in their boots.

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?