Small Business Focus

Got a business idea? An approach for testing it out...

It’s got nothing to do about how bright you are… Passion blinds you…

Pavlo Phitidis, Aurik Business Accelerator

Completion is more important than perfection…

Pavlo Phitidis, Aurik Business Accelerator

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

Phitidis discussed approaches for testing out (winning) business ideas.

Some talking points:

  • How to adapt when the business idea does not work.

  • How to know that your bright idea is not bright enough.

  • How to recover from a failing idea.

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

Where did the idea come from? Is it a lived experience? Or did your barber tell you?

Pavlo Phitidis, Aurik Business Accelerator

Is there a route to market?

Pavlo Phitidis, Aurik Business Accelerator

The first thing you need to figure out is whether you’re getting repeat sales… That’s one of the first clues…

Pavlo Phitidis, Aurik Business Accelerator

So many people I speak to are too busy with being busy… It’s normal… get a point of view, but not from someone too close to you…

Pavlo Phitidis, Aurik Business Accelerator

What gives you insight… is the 1000s of mistakes you made.

Pavlo Phitidis, Aurik Business Accelerator

Sales is the single most difficult job to perform in a business.

Pavlo Phitidis, Aurik Business Accelerator

If you think you’re the only person who can do it; look at how you can simplify it… You want to make yourself redundant in the business…

Pavlo Phitidis, Aurik Business Accelerator

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This article first appeared on 702 : Got a business idea? An approach for testing it out...


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