A number of animals are associated with business potential.
The latest thinking in Government, which originated about six years ago in the USA, is that South African businesses should be like gazelles - fast growing and nimble.
Phitidis explains how elephant and bear-like businesses are struggling and how to turn yours into a wild dog.
Scroll down for quotes from the audio below.
The Ministry of Small Business has embraced the notion of focussing on small, nimble “gazelle like” businesses. I, however, prefer them to be like wild dogs.— Pavlo Phitids, Aurik Business Incubator
An elephant has to eat 16 hours per day. They need to move from one area to the next. Big businesses are like elephants. They can’t eat in a 1.4% growth economy. They’re moving into the 5.4% growing economy in the rest of Africa; they have no choice. This is leaving room for smaller ones.— Pavlo Phitids, Aurik Business Incubator
In times of plenty many large businesses started to provide services beyond their core. They’re now outsourcing those. That’s where the big opportunity is when working with the elephants.— Pavlo Phitids, Aurik Business Incubator
The Grizzly Bear businesses have gone through six winters in South Africa. They’re focusing on survival and not thinking about tomorrow.— Pavlo Phitids, Aurik Business Incubator
With bears it’s about being the last person standing. The big opportunity for the bears is to specialise and move from being a bear to being a wild dog.— Pavlo Phitids, Aurik Business Incubator
Wild dogs collaborate and work in teams. They run long distances while leaving a well-organised system at home.— Pavlo Phitids, Aurik Business Incubator
To be a wild dog you must decide who your customers are. Understand their problems, don’t sell them products. Respond to their problems and soon you may start moving from being a small business into a medium-sized one.— Pavlo Phitids, Aurik Business Incubator
The wild dog only chases one prey. It’s absolutely persistent. Have the courage to realise you can’t be everything to everyone.— Pavlo Phitids, Aurik Business Incubator
As you specialise the world opens up for you and you’re not competing with everyone.— Pavlo Phitids, Aurik Business Incubator
Recommendedby NEWSROOM AI
Aurik Business Incubator's Pavlo Phitidis presents what he calls "the great big fat small business indaba”.
Aurik Business Incubator's Pavlo Phitidis discusses “the 60 hour plan” and how to get your business ready for lauch.
Quirk CEO Justin Spratt on starting an online business and/or taking your established business online.
How do you know whether an opportunity you created (or one that came your way) is a good one? And what should you do if it is?
Aurik Business Incubator Director and CEO Pavlo Phitidis takes listeners’ calls and analyses their products/service ideas.
Do you have an idea that could be worth a fortune? Here's how to turn that idea into something real you can sell.
Valerie Pole took R1000 and turned it into an extremely profitable business (and then wrote a book about it).
She couldn't sew, and didn't have much money, yet Fernanda Morrow created a wildly successful fashion accessory business.
The Money Show’s Bruce Whitfield interviews Galileo Capital Financial Advisor Warren Ingram.
Following a spate of farm murders in the Cape, the policing expert says there aren't enough stats available on farm killings.
Stephen Grootes says he believes former Eskom CEO Brian Dames when said he was not formally introduced to the Gupta family.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?