Small Business Focus

Good news, bad news… Entrepreneurs find opportunities everywhere!

(Also read "How to assess an opportunity - and how to pounce on it if it’s a good one".)

In every circumstance – both good and bad - opportunities lie waiting for you to identify and act on.

That is the entrepreneurial mind.

Our currency has dramatically fallen as a result of political decisions and yet, just yesterday, two entrepreneurs Pavlo Phitidis (Director and CEO of the Aurik Business Incubator) spoke to have taken on China, manufactured locally and exported into Africa while securing record months.

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

Scroll down for quotes from the audio below.

We’re going to have a rough year next year. How will you capitalise on the opportunities that the bad news is creating?

Pavlo Phitids, Aurik Business Incubator

As customers take strain they start looking for alternatives.

Pavlo Phitids, Aurik Business Incubator

If you’re exporting there’s an opportunity to increase the percentage of local content you use in the production process.

Pavlo Phitids, Aurik Business Incubator

The weak rand is a wonderful opportunity for foreign buyers.

Pavlo Phitids, Aurik Business Incubator

There are so many importers that are going to take a tremendous amount of pain. Go to your suppliers – they need to come to the party. Use the stats to negotiate!

Pavlo Phitids, Aurik Business Incubator

Importers need to consider their business models.

Pavlo Phitids, Aurik Business Incubator

It’s a good time to consolidate your business.

Pavlo Phitids, Aurik Business Incubator

What problems are emerging that you can solve?

Pavlo Phitids, Aurik Business Incubator

Subscribe to our Business Wrap Newsletter


This article first appeared on 702 : Good news, bad news… Entrepreneurs find opportunities everywhere!


Recommended

by THE NEWSROOM

CapeTalk 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 CapeTalk community a safe and welcoming space for all.

CapeTalk 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.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Small business owner? A gargantuan guide to ease your pain and help you grow...

Small business owner? A gargantuan guide to ease your pain and help you grow...

We compile everything we have about small businesses (there’s a lot!) so we can ease your pain and help your business prosper.

Benefit from starving elephants and bears and turn your business into a wild dog

Benefit from starving elephants and bears and turn your business into a wild dog

Elephant-like businesses can’t eat enough in a 1.4% growth economy while bears are in survival mode. Be a wild dog! Here's how...

5 small businesses that have grown despite very tough environments

5 small businesses that have grown despite very tough environments

Five South African case studies of small businesses that are booming despite the very tough environment they operate in.

SA is gripped by negativity. Why then are so many entrepreneurs thriving?

SA is gripped by negativity. Why then are so many entrepreneurs thriving?

The level of grumpiness today is overwhelming, yet some entrepreneurs, both big and small, are achieving phenomenal growth.

How to assess an opportunity (and how to pounce on it if it’s a good one)

How to assess an opportunity (and how to pounce on it if it’s a good one)

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?

Popular articles
NICD: Listeriosis cases rapidly rising in SA, death toll at 172

NICD: Listeriosis cases rapidly rising in SA, death toll at 172

National Institute for Communicable Diseases says all cases traced back to the same bacterial strain and source needs to be found.

'Foreshore development plan will exacerbate spacial and social divide'

'Foreshore development plan will exacerbate spacial and social divide'

UCT planning expert raises concerns over bidder's proposed plans for Foreshore development.

UK issues terror warning against SA after Brit couple abducted in KZN

UK issues terror warning against SA after Brit couple abducted in KZN

The British gov issued a travel advisory‚ warning of possible attacks when traveling to SA, after a UK couple was kidnapped.

Saps: Attackers spared 5 female cops in Ngcobo police shooting

Saps: Attackers spared 5 female cops in Ngcobo police shooting

E Cape Saps says they are investigating the murder of five police officers and one retired soldier at Ngcobo Police Station.

How to make your first million

How to make your first million

Warren Ingram discusses his new book in which he shares practical ways for ordinary people to achieve financial freedom.