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STS and Aurik

Build your business for an Extraordinary Exit with Aurik & STS 7pm

Join us for 55 minutes on 7 June to understand how to plan and execute a successful succession plan. 

Achieve an Extraordinary Exit with Aurik & STS Capital

STS and Aurik

Build your business to attract strategic buyers

94.6% of businesses started, fail to sell. A weak exit or hard closure of your company robs you of the opportunity to monetize your legacy.

Aurik and STS Capital have partnered to ensure that your business not only achieves a successful exit, but ensures your legacy through a strategic exit. 

Aurik is a business growth platform that works with established business owners & their teams to build their business to deliver growth & capital value. 

STS Capital is the expert guide for entrepreneurial business owners looking to achieve an Extraordinary Exit.

Join Aurik & STS Capital to understand how this powerful partnership can ensure that your business is built and positioned for an Extraordinary Exit.

Did you know:

Only 1.3% of companies can survive without their founders. Businesses are not bought. They need to be built to be sold.

Leave this session understanding how to implement a single business growth system that:

  1. Resolves the 9 impediments to business growth and value 
  2. Builds in the 5 levers of valuation and exit
  3. Incorporates 4 types of business growth to maximize your company valuation
  4. Achieves maximum financial value by selling strategically to strategic buyers, and helps owners create legacy potential and actualize true potential value

14th June 2022 / 7pm Eastern Time / Online

Register here








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STS and Aurik

Build your business for an Extraordinary Exit with Aurik & STS 11am

Join us for 55 minutes on 7 June to understand how to plan and execute a successful succession plan. 

Achieve an Extraordinary Exit with Aurik & STS Capital

STS and Aurik

Build your business to attract strategic buyers

94.6% of businesses started, fail to sell. A weak exit or hard closure of your company robs you of the opportunity to monetize your legacy.

Aurik and STS Capital have partnered to ensure that your business not only achieves a successful exit, but ensures your legacy through a strategic exit. 

Aurik is a business growth platform that works with established business owners & their teams to build their business to deliver growth & capital value. 

STS Capital is the expert guide for entrepreneurial business owners looking to achieve an Extraordinary Exit.

Join Aurik & STS Capital to understand how this powerful partnership can ensure that your business is built and positioned for an Extraordinary Exit.

Did you know:

Only 1.3% of companies can survive without their founders. Businesses are not bought. They need to be built to be sold.

Leave this session understanding how to implement a single business growth system that:

  1. Resolves the 9 impediments to business growth and value 
  2. Builds in the 5 levers of valuation and exit
  3. Incorporates 4 types of business growth to maximize your company valuation
  4. Achieves maximum financial value by selling strategically to strategic buyers, and helps owners create legacy potential and actualize true potential value

14th June 2022 / 11am Eastern Time / Online

Register here








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Registration Details STS Aurik 14.06.2022 7pm

Join us for 55 minutes on 29th September to understand how we have gotten this right, and how we would work with you and your team to achieve the same, or more.

You’re registered!
Download the details for the STS Capital & Aurik business growth and exit event 

14th June  /  7pm Eastern Time

Click on the button to download the diary entry and save it into your calendar. 

Add to calendar

If you prefer to save it manually, the link to join the session is: https://aurik.zoom.us/j/86761120932

We will be in touch nearer the time and look forward to seeing you online. 

Succession


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Registration Details STS Aurik 14.06.2022 11am

Join us for 55 minutes on 29th September to understand how we have gotten this right, and how we would work with you and your team to achieve the same, or more.

You’re registered!
Download the details for the STS Capital & Aurik business growth and exit event 

14th June  /  11am Eastern Time

Click on the button to download the diary entry and save it into your calendar. 

Add to calendar

If you prefer to save it manually, the link to join the session is: https://aurik.zoom.us/j/82874277828

We will be in touch nearer the time and look forward to seeing you online. 

Succession


Continue reading

Successful Succession with Andersen & Aurik EV

Join us for 55 minutes on 7 June to understand how to plan and execute a successful succession plan. 

Successful Succession with Aurik & Andersen 

Succession

Take the sting out of business succession

Succession failures are part of the 94.6% of businesses that fail to sell. A weak exit or hard closure of your company or career robs you of the opportunity to monetise your legacy.

Family and services businesses often depend on succession to transfer wealth and responsibility.

Getting it right is a 24-month endeavour, requiring a plan of action that caters to all parties’ well-being.

Join Aurik and Andersen for a punchy 55-minute session to understand how to prepare, plan and ensure a successful exit through succession.

You’ll leave this session understanding how to:

  • Align the exiting and incumbent leaders to define a succession plan
  • Transfer strategic and operational control of the business to the next generation
  • Lock-in business growth over the transfer process to fund the acquisition of the exiting parties’ interest
  • Transfer relationships across the team, suppliers, customers, and stakeholders
  • Build out the valuation and terms of sale and acquisition
  • Manage the transfer of agreements with employees, customers, suppliers, and stakeholders
  • Structure the sale of shares to minimize the tax impacts for the succeeding and exiting parties

7th June 2022 / 8.30am BST / 9.30 SAST / Online

Register here



 





Speakers

  • Kevin Hindley

    Head: Corporate tax & real estate, Andersen UK

    Read more

  • Pavlo Phitidis

    Business Growth Expert & CEO Aurik

    Read more

  • Derrick Kaufmann

    Co-Regional Managing Director for Africa

    Read more

Continue reading

Registration Details Andersen Aurik 07.06.2022

Join us for 55 minutes on 29th September to understand how we have gotten this right, and how we would work with you and your team to achieve the same, or more.

You’re registered!
Download the details for the Andersen Aurik business succession event 

7th June  /  08h30 BST  /  09h30 SAST

Click on the button to download the diary entry and save it into your calendar. 

Add to calendar

If you prefer to save it manually, the link to join the session is: https://aurik.zoom.us/j/86319879558

We will be in touch nearer the time and look forward to seeing you online. 

Succession


Continue reading

STS and Aurik

Build your business for an Extraordinary Exit with Aurik & STS EV

Join us for 55 minutes on 7 June to understand how to plan and execute a successful succession plan. 

Achieve an Extraordinary Exit with Aurik & STS Capital

STS and Aurik

Build your business to attract strategic buyers

94.6% of businesses started, fail to sell. A weak exit or hard closure of your company robs you of the opportunity to monetize your legacy.

Aurik and STS Capital have partnered to ensure that your business not only achieves a successful exit, but ensures your legacy through a strategic exit. 

Aurik is a business growth platform that works with established business owners & their teams to build their business to deliver growth & capital value. 

STS Capital are the expert guides that enable you to sell strategically to the people that buy strategically.

Join Aurik & STS Capital to understand how this powerful partnership can ensure that your business is built and positioned for an Extraordinary Exit.

Did you know:

1.3% of companies can survive without their founders. Businesses are not bought. They need to be built to be sold.

Leave this session understanding how to implement a single business growth system that:

  1. Resolves the 9 impediments to business growth and value 
  2. Builds in the 5 levers of valuation and exit
  3. Incorporates 4 types of business growth to maximize your company valuation
  4. Achieves maximum financial value by selling strategically to strategic buyers, and helps owners create legacy potential and actualize true potential value.

14th June 2022 / 11am Eastern Time / Online

Register here



 




Speakers

  • MD

    MD STS Capital

  • Pavlo Phitidis

    Business Growth Expert & CEO Aurik

    Read more

  • Name

    MD STS Capital

Continue reading

Successful Succession with Andersen & Aurik

Join us for 55 minutes on 7 June to understand how to plan and execute a successful succession plan. 

Successful Succession with Aurik and Andersen 

Succession

Take the sting out of business succession

Succession failures are part of the 94.6% of businesses that fail to sell. A weak exit or hard closure of your company or career robs you of the opportunity to monetise your legacy.

Family and services businesses often depend on succession to transfer wealth and responsibility.

Getting it right is a 24-month endeavour, requiring a plan of action that caters to all parties’ well-being.

Join Aurik and Andersen for a punchy 55-minute session to understand how to prepare, plan and ensure a successful exit through succession.

You’ll leave this session understanding how to:

  • Align the exiting and incumbent leaders to define a succession plan
  • Transfer strategic and operational control of the business to the next generation
  • Lock-in business growth over the transfer process to fund the acquisition of the exiting parties’ interest
  • Transfer relationships across the team, suppliers, customers, and stakeholders
  • Build out the valuation and terms of sale and acquisition
  • Manage the transfer of agreements with employees, customers, suppliers, and stakeholders
  • Structure the sale of shares to minimize the tax impacts for the succeeding and exiting parties

7th June 2022 / 8.30am BST / 9.30am SAST / Online

Register here









Speakers

  • Kevin Hindley

    Head: Corporate tax & real estate, Andersen UK

    Read more

  • Pavlo Phitidis

    Business Growth Expert & CEO Aurik

    Read more

  • Derrick Kaufmann

    Co-Regional Managing Director for Africa

    Read more

Continue reading

Setting standards to achieve excellence in business performance

Excellence is a journey because every time you reach it, you realize that the original standards you set, which you believed were a measure of excellence, are naïve and immature as you look ahead from a higher position than the recent peak you have attained.

Listen to this podcast from The Money Show where Pavlo Phitidis unpacks excellence as a philosophy to deliver your legacy as a business owner.

It’s very frustrating. That future position, which today you view as excellence, will be disappointingly below par once you’ve reached it.

Heisenberg understood this. He called it the uncertainty principle and it stated that you cannot measure anything objectively because as you measure it and get the results, it and the circumstances around it have already changed.

It’s a wonderful conundrum if you embrace and appreciate it and if, only if, excellence is something that matters to you. So where does it begin?

If we appreciate that we have one life to live, our personal philosophy about that life matters enormously. Time starts at birth, and marches steadfastly and uncompromisingly to death. Within that very short period, what do you actively want to achieve? And once you’ve defined it, at what standard do you want to achieve it? Of course, this is ethereal and philosophical but then so is life as a whole. Most people are born and die and leave little impact behind but for a few family and friends. There is nothing wrong with that, or is there?

However, for a business owner, it might be different. A business is more than a few family and friends. It is, in effect, an incorporated party with a life of its own, birthed by your fortitude and care and often driven by your vision. A vision of the business but equally, one of yourself and your role in society. It’s more than just economy, it’s also a legacy.

A few antidotes to eroding time as you strive towards excellence include:

  1. Attain insights faster by setting more milestones rather than a few long-range big ones. Accelerate the cycle of evaluation and active questioning.
  2. Anchor your activity in a goal. A big one. Test your truth by stating it to people. Create a measurable frame to measure your standard of excellence.
  3. Get perspective. Draw off a source that can give a helicopter view and who can compare. Objectivity is key to prevent falsehoods or time erosion.
  4. Recognize the measure that’s simplest and most objective – in a competitive environment, it’s often number of clients.

How do you build a business when capable talent is scarce or unaffordable?

Skills are short globally. One of the big issues delaying the Trillion Dollar infrastructure projects in the US is the scarcity of certain skills, such as surveying.

This shortage of skills is not a problem if you don’t want to grow. 

But unfortunately if you’re not growing, you’re dying because your competitors are doing everything in their power to grow. And new competitors are coming in all the time.

As an example, 282 000 people in the USA in the last quarter who lost their jobs through Covid didn’t file for unemployment insurance because they found opportunities to service customers using the skills and gaps they had seen in their previous employment! Many of these are your new competition.

If you want to grow, or understand that you have to grow, then build a business that lessens its reliance on skills that are scarce and expensive. These skills are usually also unreliable because if they are so scarce, they can move on to whoever is willing to pay them the most.

Listen to this podcast from The Money Show where Pavlo Phitidis discusses how to build a business that doesn’t rely on scarce skills and talent.

Structure determines behaviour. This means you must build a business differently to get the result you want. Find out exactly what problem you solve for a clearly defined target market, with a consistent, good experience, then build the systems that deliver that outcome reliably.

A system is a series of activities, in a sequence that can be measured and trained.

You can now hire people, not because they bring some of their own superstar ability to the role, but because they can be trained to operate the system.

This approach, of hiring system operators, rather than mavericks and gurus, has a number of benefits:

  1. Recruitment is simplified as you can assess through simple questions whether someone has the experience or capability to perform the tasks that make up the system.
  2. Your employees are motivated and have purpose as they know what to do, when to do it, to achieve a specific outcome. Their performance can be clearly measured and managed.
  3. Your business becomes less reliant on you, as the systems that underpin it, are documented, trainable and don’t depend on a few superstars to get things done.

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