Small Business Focus

When to stop throwing good money after bad

Steve Jobs said that most businesses fail because people eventually give up. It’s not about giving up. It’s about doing things differently.

Pavlo Phitids, Aurik Business Accelerator

Build leanly… take many, many small steps… you can change direction quickly…

Pavlo Phitids, Aurik Business Accelerator

Find someone who can take you for a ‘desert drive’… You can’t get out, you have to listen… Find someone you respect, and who will let you get angry without taking it personally…

Pavlo Phitids, Aurik Business Accelerator

Many entrepreneurs get attached to dreams and pour their most value resource – time – into it.

So said small business guru Pavlo Phitidis on Bruce Whitfield’s The Money Show.

  • How do you know if you are going down a cul-de-sac?

  • How do you get out of one?

  • How do you find the courage to move on?

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

It’s not only happening in Government. I see it frequently with entrepreneurs.

Pavlo Phitids, Aurik Business Accelerator

There’s a very big difference between persistence, and bashing your head…

Pavlo Phitids, Aurik Business Accelerator

…simply change tack a little bit, but don’t do the same thing again and again…”

Pavlo Phitids, Aurik Business Accelerator

As corny as it sounds – keep a journal!

Pavlo Phitids, Aurik Business Accelerator

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


This article first appeared on 702 : When to stop throwing good money after bad


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
Trends that’ll dominate the business environment in 2018

Trends that’ll dominate the business environment in 2018

It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.

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.

How to draw up a business plan (and how to adapt it over time)

How to draw up a business plan (and how to adapt it over time)

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

Succession planning 101 (or how transfer power from one generation to the next)

Succession planning 101 (or how transfer power from one generation to the next)

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

How to start a career (or business) with no experience, money or support

How to start a career (or business) with no experience, money or support

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

How to build a resilient business and mind-set

How to build a resilient business and mind-set

Learning to recover quickly from inevitable difficulties. Bruce Whitfield interviews Aurik Business Accelerator's Pavlo Phitidis.

Popular articles
Van Damme: De Lille has until Monday to respond to maladministration claims

Van Damme: De Lille has until Monday to respond to maladministration claims

The DA has suspended Patricia de Lille from party activities but Eusebius McKaiser says its statement 'is clear as mud'.

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

LISTEN: Father of drowned toddler speaks of dangers and heartbreak

Connor Weber, fell unnoticed into a bin of water and drowned.

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

Fund manager lays criminal charges against former Steinhoff CEO Markus Jooste

The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.

The Steinhoff Story: from humble beginnings to billions

The Steinhoff Story: from humble beginnings to billions

Financial Mail editor Rob Rose chats to Eusebius McKaiser about how Steinhoff became the retail giant we know, before the fall.

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Zuma order to pay costs of failed legal suit, a damning indictment: Law expert

Law professor at Wits says the President has now been warned to consider his options very careful when playing delaying tactics.

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Predictably awesome new Nando's ad reminds South Africans ‘we can fix our sh$t’

Watch the Guptas pack their bags and run in Nando's inspiring new advertisement.

How businessman Max Lichaba struck gold with his jewellery company

How businessman Max Lichaba struck gold with his jewellery company

Entrepreneur Max Lichaba built his own empire and is the CEO of Lichaba Creations and several other businesses. This is his story.