Streaming issues? Report here
Africa Melane 2019 1500 BW Africa Melane 2019 1500 BW
Early Breakfast with Africa Melane
04:00 - 06:00
volume_up
volume_mute

Up Next: Breakfast with Refilwe Moloto
See full line-up
Early Breakfast with Africa Melane
04:00 - 06:00
Home
arrow_forward
Small Business Focus

Wealth strategies for small businesses - income or equity?

20 February 2020 8:32 PM

Income or equity – what is the difference?

Pavlo Phitidis, Founder - Aurik Business Accelerator, tells The Money Show about wealth strategies for business.

But first we need to know what the difference between income or equity is.

An income business means that you're going to apply your time through a skill to generate revenue in the instant that you apply your time - like a masseuse, a consultant, a plumber - it's people who have to show up for the work. Giving value to the moment. And if you get sick or you're not there - you don't get paid.

Pavlo Phitidis, Founder - Aurik Business Accelerator

The equity strategy is creating a system to do what you do. A system effectively finding customers, delivering a service or product and administering the relationship with the customers. If you're going to build a system on your behalf that system lends itself to equity - equity value as opposed to income value. The business carries its value and expresses itself once the business is sold. So you earn your income at the end of the event as opposed to every transaction.

Pavlo Phitidis, Founder - Aurik Business Accelerator

Listen to the full sound clip below.

Get the 10 most-read articles of the week from Bruce Whitfield’s The Money Show, emailed to you every Friday morning.


20 February 2020 8:32 PM

Recommended

More from Small Business Focus

onionjpg

Small Business Focus: Onion peeler lessons for SMEs

2 July 2020 9:42 PM

Pavlo Phitidis tells more about a strategy that he has been using for years and how to apply this in a business.

Share this:
Read More arrow_forward

small-business-cjpg

Positioning your business for success

23 January 2020 8:25 PM

Positioning your business for success - what does this phrase even mean?

Share this:
Read More arrow_forward

small-business-entrepreneurshipjpeg

'Business concepts and jargon I wish can be banned in 2020'

9 January 2020 8:45 PM

These business concepts get a thumbs down.

Share this:
Read More arrow_forward

Nic Harry

Want to start a small business? Lessons from a successful serial entrepreneur...

6 December 2019 11:51 AM

The Money Show’s Bruce Whitfield interviews Nic Haralambous, founder (at the cost of R5000!) of funky sock company Nic Harry.

Share this:
Read More arrow_forward

Music store

7 steps to building a business you can sell

8 November 2019 11:35 AM

Pavlo Phitidis (founder of Aurik Business Accelerator) advises on turning your business into an asset of value.

Share this:
Read More arrow_forward

Open for business

How to build a business you can sell

29 October 2019 2:38 PM

Small business expert Pavlo Phitidis discusses his book "Sweat, Scale, $ell: Build Your Business into an Asset of Value™".

Share this:
Read More arrow_forward

South African passport

'Emigration is draining skills, destroying the future of South Africa’s economy'

10 October 2019 3:37 PM

Small business guru Pavlo Phitidis shares shocking anecdotes and advises business owners on how to address this challenge.

Share this:
Read More arrow_forward

Discount

Setting prices is an art. But it’s also a science. Here’s how to do it…

8 October 2019 1:01 PM

Small business guru Pavlo Phitidis gives advice on how to set prices without emotions getting in the way.

Share this:
Read More arrow_forward

Airport departure

Considering emigration? How to sell your small business

7 October 2019 10:06 AM

Small business owners are constantly approaching Pavlo Phitidis for advice on selling so they can emigrate.

Share this:
Read More arrow_forward

History dream story

Your history – not your reality – often determines how you build your business

23 September 2019 2:30 PM

Three growth strategies – aggressive, defensive, passive - dominate. Your history drives your choice, says Pavlo Phitidis.

Share this:
Read More arrow_forward