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
Location! Location! Location! What makes a business's space work (or fail)...

Location! Location! Location! What makes a business's space work (or fail)...

Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis for his weekly small business feature.

How to build a brand (and what destroys it)

How to build a brand (and what destroys it)

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

How to get the right partners/shareholders

How to get the right partners/shareholders

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

How to boost your business (lessons from the Amazon/Whole Foods tie-up)

How to boost your business (lessons from the Amazon/Whole Foods tie-up)

Inspiration for those wishing to build a business in a traditional industry that races ahead of established competitors.

Stuttafords dies on 1 August. There are lessons to learn

Stuttafords dies on 1 August. There are lessons to learn

The 159-year-old icon failed to evolve. Bruce Whitfield interviews Aurik Business Accelerator founder Pavlo Phitidis.

‘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
Interested in buying a franchise? Learn from this guy (owner of 100 KFCs)

Interested in buying a franchise? Learn from this guy (owner of 100 KFCs)

Sumitra Nydoo (on The Money Show) interviews KFC franchisee Kuben Naidoo.

International “one ring” phone scam can cost you big bucks

International “one ring” phone scam can cost you big bucks

My Broadband's Jan Vermeulen explains that as fast as the service providers block the numbers, new ones crop up.

#GuptaLeaks reveals BLF's Andile Mgxitama as role player in silencing the media

#GuptaLeaks reveals BLF's Andile Mgxitama as role player in silencing the media

Leaked emails show that Mngxitama was instructed to question the funding of online publication, BizNews in order to silence it.

Listeners share their views on controversial 702 tweet

Listeners share their views on controversial 702 tweet

Eusebius McKaiser invited listeners to express their opinions over the controversial tweet that compared black babies with dogs.

Opinion: Controversial tweet 'triggers white supremacy and anti-black racism'

Opinion: Controversial tweet 'triggers white supremacy and anti-black racism'

Eusebius McKaiser shares his thoughts on the controversial 702 tweet posted during Walk the Talk on Sunday.

How far is BATSA's investigation on allegations of bribery and corruption ?

How far is BATSA's investigation on allegations of bribery and corruption ?

According to EWN's Barry Bateman, no action has been taken as yet with regards to these claims against the cigarette giant.