Aurik Blog

Scale: Before and beyond technology

Oct 25, 2019 3:36:47 PM / by Pavlo Phitidis posted in Scale, Asset of Value, Business Owner, Sweat Scale $ell, Next Level

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Scaling is less about technology and more about strategy. Led by strategy, scaling is about business design and discipline. Its measure is found in the yawn between rising turnover and stabilising costs. It is a journey more than a destination. Getting it right reaps great rewards. Getting it wrong yields a life of grind and sweat.

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How to 4th Industrialise your business

Oct 20, 2019 9:58:01 PM / by Pavlo Phitidis posted in Scale, Asset of Value, Business Owner, Sweat Scale $ell, Next Level, 4IR, 4IndustrialRevolution

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Many pundits are preaching about the 4th industrial revolution. What does it mean, is it relevant to you and how do you embrace it in your business?

LISTEN TO THE PODCAST HERE

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CREATE MORE TIME TO FOCUS ON GROWTH

Oct 4, 2019 11:35:26 AM / by Pavlo Phitidis posted in Business Growth, Asset of Value, Business Owner, Create time, Sweat Scale $ell

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Time is our most precious resource, but it seems like we never have enough of it. The second entrepreneur Aurik ever gave guidance to, was a bakery business owned by a 54-year old man, who had initiated the company at 27. It was highly successful, but he’d not been able to focus on its strategic growth because all his time was tied up in operations. Fourteen years after we rebuilt the business with him, it now creates more than a Billion Rands’ worth of business.

As the owner of a developing business, you can, and should create time to grow the business, and work on it, instead of in it. We'll examine seven strategies that help you create more time, and spend it wisely.

Listen to the podcast from The Money Show HERE

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POSITION YOUR BUSINESS FOR SUCCESS & MAXIMUM IMPACT

Oct 4, 2019 11:34:43 AM / by Pavlo Phitidis posted in Business Growth, Asset of Value, Business Owner, Sweat Scale $ell

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Wing Chun Kung Fu, a style of martial arts, requires that you have a secure footing on the ground in all its defensive and offensive actions. This footing “anchors” you to the ground. It translates the force of your strike or block from your foot to your knees to your hips and torso to your strike or block. It lends integrity, strength and power to your action be it a kick or a punch.

Building and growing a business is no different. It all begins with positioning and leads all the effort and activity based on that positioning. Weak positioning or poorly articulated positioning will lead to misguided actions, investments, hires and decisions. It fragments and crumbles the businesses platform, leads to a life of chaos and frustrations as a #businessowner and will almost assure you a future where what you have built will never be saleable.

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WHAT IS YOUR BUSINESS WORTH?

Oct 4, 2019 11:31:01 AM / by Pavlo Phitidis posted in Asset of Value, Building your business, valuation, Sweat Scale $ell

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Firstly, this only matters for 5.4% of all #businessowners since 94.6% of all business  started  fail to sell. They close at great cost to the business owner, their family, employees, the sector and industry they are in, customers and suppliers and the economy of the country they operate from .

The  second part of the answer is “not nearly what I thought or hoped it would be worth” or “not enough in terms of what I need”.

Start now to prevent these fateful outcomes by taking control of two things. Understand how  valuation  of  a business  works and start building your business differently today to secure the valuation you want in the future. It can be done, and this is how.

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