Small Business Focus

How to grow your small business into a medium-sized one

#BadServiceMustFall

Got great service? Click here (Gauteng) or here (Western Cape) to nominate them for this year's 702/CapeTalk Small BusinessAwards with Sage One.

--

How can you build a scalable business to accelerate growth?

Moving from an established small business into a medium-sized one is not easy.

Often an entrepreneur’s growth strategy only leads to increased chaos.

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

Scroll down for quotes from the audio below.

The most important thing is to get out there and sell!

Pavlo Phitids, Aurik Business Incubator

If you’re not solving your customers’ problems you’ll remain small.

Pavlo Phitids, Aurik Business Incubator

Don’t be tempted to add a whole lot of products for customers you don’t know much about.

Pavlo Phitids, Aurik Business Incubator

Focus on a particular market segment and standardise the products you have.

Pavlo Phitids, Aurik Business Incubator

Aim for simplicity. Keep focus.

Pavlo Phitids, Aurik Business Incubator

You must create systems behind everything. If you cannot extract yourself you will never scale. Employ people to be systems operators.

Pavlo Phitids, Aurik Business Incubator

The value-set of your employees are very important.

Pavlo Phitids, Aurik Business Incubator

Carefully map out the job description of your employees.

Pavlo Phitids, Aurik Business Incubator

The customer you served a year ago has a different set of problems today.

Pavlo Phitids, Aurik Business Incubator

Subscribe to our Business Wrap Newsletter

#BadServiceMustFall

Got great service? Click here (Gauteng) or here (Western Cape) to nominate them for this year's 702/CapeTalk Small BusinessAwards with Sage One.

--


This article first appeared on 702 : How to grow your small business into a medium-sized one


Recommended

by NEWSROOM AI
Read More
How I started a profitable micro-business in no time with only R1000

How I started a profitable micro-business in no time with only R1000

Valerie Pole took R1000 and turned it into a thriving micro-business. She then wrote a book to help others do the same.

Why businesses stop growing (a lesson for entrepreneurs)

Why businesses stop growing (a lesson for entrepreneurs)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

Woman entrepreneur? How to juggle your business and personal life…

Woman entrepreneur? How to juggle your business and personal life…

Ray White interviews Yiedi CEO Jayshree Naidoo about the special challenges female entrepreneurs face and how to prepare for them.

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.

How to ensure your business survives as it grows (i.e. avoiding "growing broke")

How to ensure your business survives as it grows (i.e. avoiding "growing broke")

Businesses grow broke whether times are good or bad. Aurik Business Incubator's Pavlo Phitidis on how to stay afloat when growing.

 How to find funding so your business can grow

How to find funding so your business can grow

Funding your business through what you have, not what you need, is a crucial entrepreneurial skill.

Popular articles
[Listen] Lottery responds to Tshepo's Fraud claims

[Listen] Lottery responds to Tshepo's Fraud claims

Phillemon Letwaba says Tshepo's case are some of the issues that they are dealing with on a daily basis.

WCED 'extremely concerned' by recent child abductions in Cape Town

WCED 'extremely concerned' by recent child abductions in Cape Town

MEC of Education Debbie Schäfer confirmed that two girls aged 11 and 18 were abducted in Zonnebloem recently.

'He told me people would want to keep him quiet at any cost'

'He told me people would want to keep him quiet at any cost'

Journalist Gavin Evans says the late Mark Minnie spoke to him about his fears that those he exposed in his book might harm him.

Zille won't stop fighting to have SANDF property released for affordable housing

Zille won't stop fighting to have SANDF property released for affordable housing

Zille says properties under the control of the state should be made available for local government's affordable housing plans.

'There is no verse in the Quran that says women should cover their faces'

'There is no verse in the Quran that says women should cover their faces'

Dr Taj Hargey says he is advocating for the ban of women wearing burkas in public because they look ridiculous.

[LISTEN] IRR believes list of targeted farms is genuine

[LISTEN] IRR believes list of targeted farms is genuine

Institute for Race Relations researches Terence Corrigan explains why they believe the list Afriforum has released is genuine.