Small Business Focus

Why it’s OK to not be innovative (it won’t save your business anyways)

Innovation can’t save your business.

Nic Haralambous, NicHarry

It’s OK not to be innovative.

Nic Haralambous, NicHarry

I’m not the first person to sell socks! There’s very little that I do that is innovative.

Nic Haralambous, NicHarry

Innovation in business…

The Money Show’s Bruce Whitfield interviewed NicHarry founder Nic Haralambous.

Haralambous is famous for his wildly successful crazy-socks business which he started with R5000 (he made a profit in the first month).

Haralambous answered the following questions around innovation:

  • When to build something completely new

  • When to walk away from an idea you have

  • When to keep calm and carry on through tough times to turn your idea into a business.

For more detail; listen to the interview in the audio below (and/or scroll down for more quotes from it).

There is definitely growth, if you’re hungry and not paranoid.

Nic Haralambous, NicHarry

Authenticity is key.

Nic Haralambous, NicHarry

The most innovative businesses never use the word.

Nic Haralambous, NicHarry

We’ve got matching umbrellas that you can use with your socks. We also have matching underwear.

Nic Haralambous, NicHarry

Customer service in South Africa is so bad that just doing it well is innovative.

Nic Haralambous, NicHarry

We treat our staff as well as we treat our customers.

Nic Haralambous, NicHarry

Click here (then“like” the page) to follow Bruce on Facebook.

Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.

Subscribe to our Business Wrap Newsletter

Article brought to us by Old Mutual.


This article first appeared on 702 : Why it’s OK to not be innovative (it won’t save your business anyways)


Recommended

by NEWSROOM AI
Read More
How to build a business that will survive constant technological change

How to build a business that will survive constant technological change

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

How to start and grow your own business with funds you find yourself

How to start and grow your own business with funds you find yourself

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

How to grow by making deals and acquisitions without destroying value

How to grow by making deals and acquisitions without destroying value

Ray White (on The Money Show) interviews Aurik Business Accelerator founder Pavlo Phitidis.

How to turn ‘talk’ into ‘walk’ (because vision is nothing without execution)

How to turn ‘talk’ into ‘walk’ (because vision is nothing without execution)

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

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.

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

‘I started my thriving business with R5000 (and made a profit in the 1st month)’

After 3 years there are 3 Nic Harry stores (incl online) that sell 100 000 pairs of socks in over 20 countries around the world.

Popular articles
News24 exposes how big SA corporates are funding fake news

News24 exposes how big SA corporates are funding fake news

A News24 investigation has exposed how some of South Africa's biggest companies have been advertising on fake news websites.

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

[Watch] SA choir stuns with isiZulu cover of Ed Sheeran’s ‘Shape of You’

Khabazela shares some of the most popular tweets, posts, and videos on 'What's gone Viral'.

[WATCH] Man exposes people selling stolen goods on Facebook

[WATCH] Man exposes people selling stolen goods on Facebook

Anton Fourie says he used his phone to record the interaction to create awareness of what is going on in the community.

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Pieter du Toit on VBS, Malema's EFF and contradicting ethics

Malema has accused the rogue unit of still being operational and Pravin Gordhan of working in the background against the EFF.

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Zondi tells court that she had to 'look happy' in church out of fear for Omotoso

Cheryl Zondi is testifying against Pastor Timothy Omotoso who is accused of rape and human trafficking in his Durban church.

3 emergency numbers you should have on speed dial and how they work

3 emergency numbers you should have on speed dial and how they work

These are the emergency numbers you should have on your cellphone and this is what you must understand about how they work.