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.

Read More
How to avoid a horror story when buying software for your business

How to avoid a horror story when buying software for your business

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

Small business guru Pavlo Phitidis gets personal, opens up about his own money

Small business guru Pavlo Phitidis gets personal, opens up about his own money

Bruce Whitfield interviews the famed entrepreneurship expert about his attitude to money (hopes, fears, successes, failures...).

Small business lessons from ‘Mayweather vs McGregor’

Small business lessons from ‘Mayweather vs McGregor’

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

How to protect your small business (against big business)

How to protect your small business (against big business)

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

Blind Spots: How they come about and how they affect your business

Blind Spots: How they come about and how they affect your business

As a small business owner, nobody expects you to be perfect. Because you cannot see them, blind spots could be a real nuisance.

‘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
Sasfin CEO opens up about dumping KPMG

Sasfin CEO opens up about dumping KPMG

The Money Show’s Bruce Whitfield interviews Sasfin CEO Roland Sassoon.

Sasfin Holdings cuts ties with KPMG after 18 years

Sasfin Holdings cuts ties with KPMG after 18 years

CEO of Sasfin Holdings Roland Sassoon confirmed that it has dropped KPMG as their auditing firm and put its audit up for tender.

The ANC is dying and Prince Mashele says South Africans have three other choices

The ANC is dying and Prince Mashele says South Africans have three other choices

Political analyst Prince Mashele says anyone who votes for the ANC is complicit in destroying South African society.

The psychology of spending money we don't have

The psychology of spending money we don't have

For over 20 years Prof Steven Burgess has researched the reasons why people live beyond their means.

SACP want NPA to reinstate corruption charges against Zuma

SACP want NPA to reinstate corruption charges against Zuma

Political analyst Karima Brown gives her take on the matter.

Signs your child could be suffering from anxiety

Signs your child could be suffering from anxiety

Counselling psychologist Nikole Seele says it is important to differentiate between healthy anxiety and debilitating anxiety.