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

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


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