Aurik Blog

WHAT IS YOUR BUSINESS WORTH?

Oct 4, 2019 11:31:01 AM / by Pavlo Phitidis posted in Asset of Value, Building your business, valuation, Sweat Scale $ell

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Firstly, this only matters for 5.4% of all #businessowners since 94.6% of all business  started  fail to sell. They close at great cost to the business owner, their family, employees, the sector and industry they are in, customers and suppliers and the economy of the country they operate from .

The  second part of the answer is “not nearly what I thought or hoped it would be worth” or “not enough in terms of what I need”.

Start now to prevent these fateful outcomes by taking control of two things. Understand how  valuation  of  a business  works and start building your business differently today to secure the valuation you want in the future. It can be done, and this is how.

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How Aurik is growing in a no growth economy by investing in SMEs

Sep 27, 2019 11:52:41 AM / by Pavlo Phitidis posted in Business Growth, Asset of Value, Next Level Growth, SME, Building your business

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Aurik’s move to bigger and better offices at the end of September shows that growth is possible in a no-growth economy.

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Lessons from a muddy island during Brexit troubles

Sep 27, 2019 10:44:03 AM / by Pavlo Phitidis posted in Business Success, SME, Competition, Economy, Building your business

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Having recently returned from a trip to the UK, I reflected on the comments leading up to it, from people that I was scheduled to meet. “Don’t come now, rather delay to November or next year,” they said.
“Why?” I asked.
“Because the Pound has been pounded and our politicians are making a real mess of things and our country is socially divided and our business confidence indexes are at an all time low,” they said.
“That’s everyday life in South Africa,” I responded “and, in that environment, our clients enjoyed an average annual revenue growth of 28.9%.”
After a brief pause… “Come they said, come and let’s understand how to grow a business in choppy waters.”

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What is your business worth?

Sep 9, 2019 11:22:17 AM / by Pavlo Phitidis posted in Asset of Value, Building your business, valuation

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Firstly, this only matters for 5.4% of all #businessowners since 94.6% of all business  started  fail to sell. They close at great cost to the business owner, their family, employees, the sector and industry they are in, customers and suppliers and the economy of the country they operate from .

The  second part of the answer is “not nearly what I thought or hoped it would be worth” or “not enough in terms of what I need”.

Start now to prevent these fateful outcomes by taking control of two things. Understand how  valuation  of  a business  works and start building your business differently today to secure the valuation you want in the future. It can be done, and this is how.

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Build your business by building the right team

Sep 9, 2019 11:03:41 AM / by Pavlo Phitidis posted in Asset of Value, Building your business, team, people

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As a small business owner, your biggest investment will be your staff. How you hire, who you hire, and when you hire, will have the biggest – positive or negative - effect on getting your business to the next level or not. On The Money Show with Bruce Whitfield, Pavlo Phitidis outlined his approach to getting recruitment right:

Listen to the podcast HERE.

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Growing revenues through indirect sales channels

Sep 9, 2019 10:45:30 AM / by Pavlo Phitidis posted in Asset of Value, Building your business, Sales channels

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Effectively growing your business revenue needs a lot more than just a regular sales effort. Developing and implementing sales channels is a key strategy to get to the next level, and build your business into an Asset of Value. But, before you begin utilising specific sales channels, consider how effective they will be for building your business. You must first understand where, why, and how, your customers want to buy your products and services. On The Money Show with Bruce Whitfield, Pavlo Phitidis showcased different types of sales channels, and how you can use them to grow your revenue:

Listen to the podcast HERE.

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Building a positive frame of mind in a negative environment

Sep 5, 2019 2:49:08 PM / by Pavlo Phitidis posted in Attitude, Asset of Value, Building your business, mindset

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We live in unstable times, and a brief look at the news headlines is almost always disheartening. Constant exposure to the news, along with a teetering economy, can make you feel deflated, frustrated, and ready to give up as a business owner. Here we look at what to do when you’re feeling despondent, by examining seven traits of successful business owners. 

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Building a business is like sailing a ship

Sep 2, 2019 11:48:18 AM / by Pavlo Phitidis posted in Asset of Value, Business Owner, Building your business

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Analogies are very useful to simplify thinking and action. As a business owner, building a business in a challenging environment creates noise and chaos. Gaining clarity, certainty and confidence helps manage the noise and emotion to provide right action and timing in your journey of building your business. A good analogy helps you get this right .

Listen to the podcast HERE 

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