Small Business Focus

Shock absorbers to get your small business through what’ll be a bumpy 2016

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

Phitidis offered a number of shock absorbers for 2016.

Scroll down for quotes from the audio below.

Shock absorbers lessen the blow.

Pavlo Phitids, Aurik Business Incubator

Build agility into your business.

Pavlo Phitids, Aurik Business Incubator

Start looking at what you can outsource. Doing your own books – for example – takes up too much of your time. There is also sophisticated software you can use.

Pavlo Phitids, Aurik Business Incubator

Outsource absolutely everything that does not help to grow your business.

Pavlo Phitids, Aurik Business Incubator

Outsourcing does not outsource your responsibility.

Pavlo Phitids, Aurik Business Incubator

If you’re going to outsource a function, find a good quality service provider.

Pavlo Phitids, Aurik Business Incubator

Be careful of big moves. Act slowly. Don’t respond in panic. If you make a decision in a state of panic, it’s highly unlikely that it’ll be the right one.

Pavlo Phitids, Aurik Business Incubator

An unsigned deal is not a deal. Even a signed deal may not work out.

Pavlo Phitids, Aurik Business Incubator

Without numbers doing business is highly risky.

Pavlo Phitids, Aurik Business Incubator

You should be innovating.

Pavlo Phitids, Aurik Business Incubator

Never forget the dream you had. You need to remain inspired and creative.

Pavlo Phitids, Aurik Business Incubator

No solution (to your customers’ problems), no business.

Pavlo Phitids, Aurik Business Incubator

I’m not scared of 2016. I know that if I can create agility in my business I can respond to opportunities and the bad events that’ll happen.

Pavlo Phitids, Aurik Business Incubator

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This article first appeared on 702 : Shock absorbers to get your small business through what’ll be a bumpy 2016


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