Small Business Focus, Evergreen Content

How to create wealth with a small business

You want to generate an excess… how you deal with that excess will determine if you’re going to build wealth…

Pavlo Phitidis, founder - Aurik Business Accelerator

The purpose behind every business owner should be to create a business that’s an asset of value…

Pavlo Phitidis, founder - Aurik Business Accelerator

What is wealth?

As a business owner; how do you create it?

The Money Show’s Bruce Whitfield interviewed small business guru Pavlo Phitidis, the founder of Aurik Business Accelerator.

Many business owners never think about it, said Phitidis

A business can be built to either make money or create wealth, or both.

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

Generating wealth should put you in a position of being well-sustained by the business you’ve built, not by all the work you’re putting into it.

Pavlo Phitidis, founder - Aurik Business Accelerator

Service does not set your business apart… Your competitor will have an equally great product… Solving a problem in a unique way is what sets you apart…

Pavlo Phitidis, founder - Aurik Business Accelerator

Growth generates a freshness… If you lose your appetite for it [growth], you need to consider your exit from that business…

Pavlo Phitidis, founder - Aurik Business Accelerator

Protecting the money should be an absolute discipline… Insurance… is not hard to get right.

Pavlo Phitidis, founder - Aurik Business Accelerator

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This article first appeared on 702 : How to create wealth with a small business


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