How to leave your corporate job to become an entrepreneur

The Money Show’s Bruce Whitfield interviewed Pavlo Phitidis, Director and CEO of the Aurik Business Incubator, for his weekly small business feature.

Phitidis spoke about how to create an exit from a corporate job into entrepreneurial life.

Scroll down for quotes from the audio below.

When you start a business you need 360 degree capability.

Pavlo Phitids, Aurik Business Incubator

The relationships you thought you had might not be nearly as friendly.

Pavlo Phitids, Aurik Business Incubator

You need to have conversations with your family. You may need to get rid of DSTV and the family holiday. You won’t always be available like before.

Pavlo Phitids, Aurik Business Incubator

Scale back at home and get rid of the luxuries.

Pavlo Phitids, Aurik Business Incubator

Use your regular monthly income, while you have it, to extend your credit cards and access to your home bond.

Pavlo Phitids, Aurik Business Incubator

Passion doesn’t pay the bills. You’ve got to go slow before you go fast.

Pavlo Phitids, Aurik Business Incubator

Try and stick to your sector. If it’s a hobby; keep on practising.

Pavlo Phitids, Aurik Business Incubator

Every business has a value chain. Everything you buy, everything you do and everybody you sell to is part of your value chain. What can you outsource to others? Do what you need to do to get sales and outsource the rest.

Pavlo Phitids, Aurik Business Incubator

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