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Aurik Entrepreneur Insights
Every day we work with entrepreneurs from start up businesses to growing businesses (annual revenues up to R100 million). These entrepreneurs operate in many industries and sectors, face all the challenges that you can possibly imagine and with us come up with ideas, answers and actions that are remarkable. At the same time, we see what other countries are doing to foster, support and develop entrepreneurs and often wonder what we as a country can do better. We share some of those views and insights with here. If you enjoy them, like us on Facebook, follow us on twitter, connect with us on LinkedIn and let’s build a dialogue to create a better environment.
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Build and de-risk your business against potential wildcat strikes!
At any point in time, your business operates in an environment in which forces are at play. These forces come and go and depending on what they are, they will impact your business. As an entrepreneur owning and running your business, you can make quick decisions to adapt to them. The trick however lies in [...]
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As the business owner, be sure to not outsource your valuation drivers!
Growing your business through outsourcing is a key entrepreneurial tactic and business strategy! This being the case, when, what and how do you outsource an activity?
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Starting or buying a business to build and sell for a small fortune is an art and science!
A viable entrepreneurial career can be found in spotting small businesses with potential, buying them and flipping them for a small fortune. Flipping them? Yes, a term used for buying or building with a view to selling! The first is hard to get right, the next equally hard and then, it gets a little easier [...]
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The numbers of your business are a guide to the numbers in your retirement!
What’s in a number? A shape, weight, age, time, an angle and for your business, its ultimate monetary value. How we get to this value is interesting and varied as Bruce and I discussed during the Money Show on Talk Radio 702 and 567 Cape talk last week. As entrepreneurs, we value what we have [...]
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Prepare your start-up runway to take off into profits before you run out of fuel
The fact that you may not be aware of it doesn’t mean that you just fatefully fall into your future; be it good or bad. That’s not to say that luck doesn’t play a role although there are many who believe…
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Brand your business in 4 steps to build an asset of value!
Is it a vision that we have for the business; our passion that drives the business or do we have to transcend the limits of our personal ego and psychology to serve something greater than ourselves as entrepreneurs?
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5 steps for a business owner to implement a successful pay freeze
Being entrepreneurial means building a business on entrepreneurial principles and this is rooted in the idea of value creation.
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Get the right people talking about your business and promoting your growth!
Through Talk Radio 702 and 567 Cape Talk we select businesses that make for the most intriguing, insightful, interesting and bold stories about their owners, the businesses they built and what they could do to get to the next level.
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Every entrepreneurs toolkit must have a well-honed, precision cold calling tool in it!
Who wants to do it? It’s hard, it’s heartless, it’s exhausting and its hits to the very core of our self-esteem. Cold calling is horrible.
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Entrepreneurs beneficiate South African raw resources, building world class jewelry, jobs and value!
South Africa’s remaining mineral resources are estimated at plus US$2 500 000 000 000. That’s about R20 000 000 000 000 in case you were wondering.
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5 marketing mistakes a business owner or entrepreneur cannot afford to make.
Marketing is such an awkward spend. It’s hard to get right. There are so many tactics that you can deploy and they are mostly expensive.
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Build your services business into a salable business in 5 steps
Services business struggle to get to size. Many remain small. They are popular since all you need to start one is skill, a connection to get your first client and a favourable payment timeline.
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How can entrepreneurs protect their business ideas or opportunities?
We need big business customers to help stabilise our cash flows and to provide enough cash flow momentum to help us grow our businesses.
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5 steps for an entrepreneur to build a thriving business off a great value proposition!
Value propositions are key to ensuring that entrepreneurs maximize their business performance.
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Entrepreneurs building businesses or entrepreneurs building themselves a job!
There is nothing more disastrous for and entrepreneur to, after 10, 15, 20 or more years to find themselves in a position where the business that they built cannot be sold.
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Negotiation is part of an entrepreneur’s life and haggling has its place too!
I was surprised at the extent of negotiation that I as an entrepreneur get involved in. It’s a fundamental part of being an entrepreneur. You negotiate everything from suppliers, customers, staff, family, life.
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What is a business model and why does every entrepreneur need one!
Last week Thursday on the Money Show on 702 Talk Radio and 567 Cape Talk, Bruce Whitfield and I spoke about business models. What are they, how to build one and most importantly, why they are better for raising entrepreneurial finance than the horrible, dreaded business plan. Dreaded for entrepreneurs to write and dreaded for [...]
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What they never tell you about becoming an entrepreneur and what to do about it!
Last week Thursday on the Money Show on 702 Talk Radio and 567 Cape Talk, Bruce Whitfield and I spoke about some of the behaviours and experiences of being an entrepreneur that you don’t think about when you are employed…or unemployed! In fact, many entrepreneurs don’t think about them as entrepreneurs either. Time Time warps. [...]
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Why funders would hate the idea you love!
Last week Thursday on the Money Show on 702 Talk Radio and 567 Cape Talk, Bruce Whitfield and I spoke about the persistent problem of securing business funding. You have a dream; of course you do since you are an entrepreneur. You love your dream, it’s part of you; it is you in many ways. [...]
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Risk proofing your business in a few easy, logical steps!
Last week Thursday on the Money Show on 702 Talk Radio and 567 Cape Talk, Bruce Whitfield and I spoke about Sanyati, the black-owned construction company that was going into liquidation on that Friday. What happened and more importantly how can you as an entrepreneur or business owner prevent the same fate. A few basics [...]
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Entrepreneurs vs Business Owners
This week on The Money Show, Bruce and I spoke about the difference between entrepreneurs and business owners. The difference in mind-set, actions and decisions that we take as business owners and entrepreneurs is vast.
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To be a survivalist business or not
To be a survivalist business or not……Not! This week on The Money Show, Bruce and I spoke about survivalist entrepreneurs. What does it mean, where are they and most importantly, is, being a survivalist entrepreneur an acceptable option for an entrepreneur? So, all definitions are tricky. Often a good way to understand something is to [...]
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How to Work On Your Business as Opposed to In Your Business
The wisdom of the Coffee Creamer advert comes to mind with “it’s not inside, it’s on top” and that is fundamentally what this topic is all about! When we as entrepreneurs start our businesses, mostly it’s just us and perhaps one or two others if we are lucky. We work hard at growing ourcompany;we do [...]
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Retail Entrepreneur Strategy
You’ve got a cute little shop. You don’t do too badly and have a reasonably loyal customer base. Are you ready for that next step? Do you see yourself sipping champagne and being toasted as the next South African Retail Billionaire?
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The Death of the Middleman
In order to first say how this good fellow died … we have to look at who he actually is. Back in the day, there was the carpenter and he would design the cabinet and he would design and build it for you, these days you get a company like IKEA and you can buy [...]
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Its time to sell, what’s your exit strategy?
At some point or another as an entrepreneur you are going to need to or want to exit your business. With less than 1% of all businesses started being sold, many entrepreneur’s don’t have the luxury of exiting gracefully.
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Is your partnership a sinking ship or a sailing ship?
Partnerships can either make or break a company and sometimes the necessity to “go it alone” isn’t the best way to grow your business. Bringing on a partner could add an interesting dynamic and give your business the edge in a very competitive market.
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Are you a born salesman or made into a salesman?
Last night on ‘The Money Show’ on Talk Radio 702 and Cape Talk 567, Bruce Whitfield and I chatted about ‘Sales’ and the challenges that you need to overcome.
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What exactly is ‘Crowd Funding / Sourcing’ and can it help you?
Bruce Whitfield and I discussed the activity ‘Crowd Funding/Sourcing’ on Thursday (26/04/2012) evening, during The Money Show on Talk Radio 702 and Cape Talk 567.
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The Purpose of an Entrepreneur?
On ‘The Money Show’ on Talk Radio 702 and 567Cape Talk last night, Pavlo spoke to Bruce Whitfield about the purpose of being an entrepreneur…..to build a business into an ‘Asset of Value’!!!
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3 Entrepreneur Symptoms’ that will hold you back
Last night on The Money Show on Talk Radio 702 and 567Cape Talk, Pavlo spoke to Mike Wills about 3 entrepreneur symptoms that most entrepreneurs suffer from at some point in time.
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Seven Types of Entrepreneurs
Pavlo and Bruce discussed the “Seven types of Entrepreneurs” most often seen in South Africa during Thursday night’s ‘The Money Show” on Talk Radio 702 and 567 Cape Talk.
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Recession & starting a new business
So there’s a recession and it’s the beginning of the year and one of your new year’s resolutions (again!) is to start your own business. Is that a good or bad idea in a recession? Well, here are a few reasons why it’s a very good idea and what you have to look out for. [...]
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ken Augustes from IMAGINET
Well thanks for this platform I’ll be using it a lot….I’m a bit of an inventor or let’s say I have all these business ideas and mostly I used to suggest them to previous companies I worked for….like DSTV, Discovery and those ideas are still in place and these companies…Now I really got nothing out [...]
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- 3rd Floor, 132 Jan Smuts Avenue, Rosebank,
- Johannesburg, Gauteng, South Africa
- Tel: +27 (0) 11 447 5575
- Email: enquiries@aurik.co.za
by PauseBreak