Small Business Focus, Nedbank Business Accelerator with CapeTalk

How to digitise your business into an asset of value (and what that means)


(Need more detail than this article provides? Bookmark it; we’ll have a video of the event within the next 24 hours.)



Also read:

*How to digitise your business (and why it’s critical that you do)

*How to turn your small business into a wealth-creating asset of value


It's inevitable. Every single business will soon be a tech business.

So said Pavlo Phitidis, host of the Nedbank Business Accelerator breakfast and presenter of The Money Show’s Small Business Feature.

There’s a wave of change coming. The impact of technology is being felt everywhere. All of this is leading firms to adopt new business models, and small businesses – inherently nimble – have the advantage over lumbering corporates.

All small businesses must develop a relationship with tech.

Pavlo Phitids, Aurik Business Accelerator

Why digitise your small business?

  • To survive – To remain relevant you have to become tech savvy. If you fail to adopt technology you’ll go the way of the Yellow Pages, Kodak, Toys "R" Us… The list is long and growing.

  • To scale – Digitisation enables you to grow fast at a lower cost than ever.

  • People – Digitisation enables your staff to do higher order work.

Last year we digitised 68 administrative tasks... nobody got retrenched, and people are doing far more meaningful work.

Pavlo Phitids, Aurik Business Accelerator

The first step towards digitisation is clearly defining what your business is all about.

Why do you do what you do? Who are your customers? What are the problems they have that your business can solve?

Once you can definitively answer those questions you need to build systems to deliver solutions.

It’s vital to involve your customers and employees when building these systems.

Start digitising the most hated (e.g. admin) work first. Prioritise whatever is the cheapest to digitise.

Doing this will build experience and will increase the confidence of naysayers in your business.

The digitisation of your business is not one grand solution - start with the smallest pieces first. Build pilots. Measure performance!

Pavlo Phitids, Aurik Business Accelerator

There's so much free tech stuff out there! Not taking advantage of it is crazy.

Pavlo Phitids, Aurik Business Accelerator

The price of tech has collapsed... find a way to digitise your business.

Pavlo Phitids, Aurik Business Accelerator

If your tech developer can't explain things simply; don't trust her!

Pavlo Phitids, Aurik Business Accelerator

What is an asset of value?

A business is an asset of value if it goes beyond surviving – if it’s built off systems that enables the owner to work “on” the business not “in” it.

In a nutshell: it’s a business that you can sell.


CapeTalk welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the CapeTalk community a safe and welcoming space for all.

CapeTalk reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

CapeTalk is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
Bitcoin vs Steinhoff – which one would you buy (if you had to hold for a year)?

Bitcoin vs Steinhoff – which one would you buy (if you had to hold for a year)?

The Money Show’s Bruce Whitfield interviews RMB’s Head of the Blockchain Initiative Farzam Ehsani.

How to use your anger and frustration (and exhaustion!) to profit in 2018

How to use your anger and frustration (and exhaustion!) to profit in 2018

Corporate and government corruption… It’s been a tough year. Bruce Whitfield talks to Aurik Business Accelerator’s Pavlo Phitidis.

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.

Want to do good? Not sure where to start? You may want to check this out...

Want to do good? Not sure where to start? You may want to check this out...

Bruce Whitfield interviews forgood.co.za CEO Andy Hadfield. Forgood.co.za connects those who want to help with those who need it.

[Transcript] Pavlo Phitidis, small business guru - it started with guppy fish...

[Transcript] Pavlo Phitidis, small business guru - it started with guppy fish...

FULL TRANSCRIPT of Bruce Whitfield's interview of the famed entrepreneurship expert. Phitidis opens up, gets personal about money.

Popular articles
[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

[LISTEN] 'We are dealing with an outbreak of Listeriosis' - Dr Thomas

Head of the Centre for Enteric Diseases at the NICD Dr Thomas says that Listeriosis is problematic because it isn’t notifiable.

Publisher saves South African students billions with free textbooks

Publisher saves South African students billions with free textbooks

This year we're going to hit a million downloads of free textbooks in SA - James van der Westhuizen, country manager for Bookboon.

‘Conflicted’ Zuma will never again have say in appointing NPA boss, court hears

‘Conflicted’ Zuma will never again have say in appointing NPA boss, court hears

Shaun Abrahams is no longer the National Director of Public Prosecutions and President Zuma can't appoint his replacement.

Steinhoff money woes and why you should care

Steinhoff money woes and why you should care

The company lost around R100 billion leaving the JSE reeling in one of the biggest private sector business scandals.

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Few retirement funds unaffected by Steinhoff implosion (i.e. you just got had)

Your money, and Steinhoff… Bruce Whitfield interviews Certified Financial Planner Peter Calitz.

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

‘There were clear warning signs at Steinhoff. All of which fund managers missed’

The Money Show’s Bruce Whitfield interviews Sygnia Group CEO Magda Wierzycka.

Zille: 40 000 affordable housing units in the pipeline for WC

Zille: 40 000 affordable housing units in the pipeline for WC

Western Cape Premier Helen Zille says the government plays a crucial role in the provision of affordable housing in the province.