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Tag: Scale

Aurik business battleplan Cape Town 21 May 2024

Join us for 55 minutes on 3rd November to understand  how we would work with you and your team to achieve your business goals and ambitions. 


Your CEO business battleplan to scale, grow and dominate your industry!

21 May

Date: 21 May 2024
Time: 7am to 11.30am 
Venue: To be confirmed, Cape Town 

Gain perspectives, insights, actions and connections with growth-minded business owners while you build an actionable CEO business battleplan to scale, grow and secure the value of your business as you walk out of the door.

For 15 years, Aurik has partnered with over 3 000 businesses to deliver average annual growth rates of 28.9% and average EBIDTA growth of 32.4%

Join us on 21 May 2024 to meet, greet, engage and emerge with insights, strategies, tactics and approaches to tackling the biggest impediments to business growth and value.

Facilitated by Pavlo Phitidis, he will challenge you on your business, and inspire you with real stories of business owners like yourself, who are getting it right.

In 3 hours, walk out with: 

  • A single strategy that will deliver growth despite the business environment
  • Your CEO battleplan to scale, grow & dominate your industry
  • Your business’s value – the number now, the number you want and a plan on how to achieve it
  • Insights, perspectives and inspiration from, as well as relationships with, established, growth-minded business owners

Presenter

Pavlo Phitidis

As an entrepreneur and investor, Pavlo offers over 25 years of direct experience in conceptualising and building businesses across three continents. He has developed and brought to market business assets in excess of $450m through a combination of business start-ups, turnarounds, sales and acquisitions. Using his hands-on experience, business capabilities and relationship networks, he continues to support the growth of business owners through Aurik , a venture capital business growth service.

Pavlo is a regular media commentator, an international speaker on business growth and author of the best-selling, Sweat Scale $ell as well as his newest title: Reset Rebuild Reignite.

Host

Johan

Johan Taljaard

Johan is one of the directors of Aurik Business Cape Town & KZN. 

Before investing in Aurik, Johan worked in mergers and acquisitions, where he saw the scale of the challenge facing business owners who believed they could sell their businesses.

Johan was already running his first business while qualifying for his B.Comm in Entrepreneurship. He subsequently started and built several companies across sectors including IT, Finance, Publishing and Digital marketing. For 10 years he ran a financing company that offered bridging and project finance, among other solutions. He spent 2 years in a large corporate, where he was a project manager on a range of FMCG projects. This accumulated experience developed his borderline-obsession with what he calls ‘the end game’: building a business so that it can be sold.

Register here



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23 May

Aurik business battleplan Kwa-Zulu Natal 23 May 2024

Join us for 55 minutes on 3rd November to understand  how we would work with you and your team to achieve your business goals and ambitions. 


Your CEO business battleplan to scale, grow and dominate your industry!

Aurik business battleplan Kwa-Zulu Natal 23 May 2024

Date: 23 May 2024
Time: 7am to 11.30am 
Venue: Hilton Garden Inn Umhlanga Arch

Gain perspectives, insights, actions and connections with growth-minded business owners while you build an actionable CEO business battleplan to scale, grow and secure the value of your business as you walk out of the door.

For 15 years, Aurik has partnered with over 3 000 businesses to deliver average annual growth rates of 28.9% and average EBIDTA growth of 32.4%

Join us on 23 May 2024 to meet, greet, engage and emerge with insights, strategies, tactics and approaches to tackling the biggest impediments to business growth and value.

Facilitated by Pavlo Phitidis, he will challenge you on your business, and inspire you with real stories of business owners like yourself, who are getting it right.

In 3 hours, walk out with: 

  • A single strategy that will deliver growth despite the business environment
  • Your CEO battleplan to scale, grow & dominate your industry
  • Your business’s value – the number now, the number you want and a plan on how to achieve it
  • Insights, perspectives and inspiration from, as well as relationships with, established, growth-minded business owners

Presenter

Pavlo Phitidis

As an entrepreneur and investor, Pavlo offers over 25 years of direct experience in conceptualising and building businesses across three continents. He has developed and brought to market business assets in excess of $450m through a combination of business start-ups, turnarounds, sales and acquisitions. Using his hands-on experience, business capabilities and relationship networks, he continues to support the growth of business owners through Aurik , a venture capital business growth service.

Pavlo is a regular media commentator, an international speaker on business growth and author of the best-selling, Sweat Scale $ell as well as his newest title: Reset Rebuild Reignite.

Host

Johan

Johan Taljaard

Johan is one of the directors of Aurik Business Cape Town & KZN. 

Before investing in Aurik, Johan worked in mergers and acquisitions, where he saw the scale of the challenge facing business owners who believed they could sell their businesses.

Johan was already running his first business while qualifying for his B.Comm in Entrepreneurship. He subsequently started and built several companies across sectors including IT, Finance, Publishing and Digital marketing. For 10 years he ran a financing company that offered bridging and project finance, among other solutions. He spent 2 years in a large corporate, where he was a project manager on a range of FMCG projects. This accumulated experience developed his borderline-obsession with what he calls ‘the end game’: building a business so that it can be sold.

Register here



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Business battleplan

9 May 2024 networking and insights York

Join us for 55 minutes on 3rd November to understand  how we would work with you and your team to achieve your business goals and ambitions. 


Scale your own business by protecting and growing your clients’ businesses

Aurik business battleplan Joburg 16 February 2024

Date: 9 May 2024 
Time: 5pm for 5.30pm to 6.30pm followed by networking drinks
Venue: Novotel, Fishergate, YO10 4FD YORK

Distinguish your firm as a scale up champion by both protecting your clients against risk and supporting their growth.

Your private business clients have probably invested everything in their business: money, time, energy and sacrifice. They tend to be so focused on running the business, they don’t step back to look out for threats and opportunities.

Join us for an insight and networking session to gain perspectives on three critical issues which any business owner needs to have planned for, and seldom considers until it it’s too late:

  • The 9  growth challenges facing every business
    Gary Baker, CEO Aurik
  • What happens to a business if a shareholder dies?
    Neil Huntington, Director, Huntington Ross
  • The Importance of a Business Power of Attorney
    Maria Beckwith, Founder and Director, Wills @ Home Ltd

Hosts & Presenters:

Gary Baker

Gary brings a set of experiences from legal, to start up, through to the successful sale of his company through an MBO, to help business owners scale and grow towards an exit or to succeed the business to the next generation.

Neil Huntington 

Neil is in his 30th year in financial services, most of that as an Independent Financial Adviser. Latterly with a focus on helping business owners reduce their tax bills, look after their money and protect the things that are important to them. 

Maria Beckwith 

Maria has >37 years’ work experience across Banking, Financial Services and Estate Planning. Maria qualified as a Financial Advisor in 1992 and has a plethora of experience working for large international corporations.

After establishing Wills @ Home in 2009, Maria completed the Society of Trusts and Estate Practitioners (STEP) Advanced Certificate in Will Preparation for England and Wales. Maria’s estate planning knowledge and robust financial background allows her to aid clients in making informed decisions when planning their Wills, Trusts and Lasting Powers of Attorney.


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Unveiling the Blueprint for Scaling Sales: Essential Insights for Business Owners

Unveiling the Blueprint for Scaling Sales: Essential Insights for Business Owners

In the dynamic realm of business growth, the journey to scaling sales is both an art and a science. Understanding the intricacies of this process is key for business owners aiming to unlock their company’s full potential. Let’s explore invaluable insights, shedding light on essential lessons for businesses looking to scale their sales successfully. 

Sales: The Core of Business Success 

At the heart of every thriving business lies a robust sales strategy. Sales are the lifeblood of any enterprise, regardless of whether it offers products or services. Without a well-defined sales engine, growth and success become challenging. 

The Science of Selling: A Delicate Balance 

Drawing parallels between the artisanal craft of baking and the science of selling, we find a delicate balance required for success. Much like precision in baking, sales demand a systematic approach. This intersection of science and art becomes the foundation for sustainable business growth. 

The Funding and Sales Conundrum: Finding the Right Mix 

A common misconception among business owners is the belief that a great product alone can propel a business to success. But a stellar product is only one half of the equation. The other half involves establishing a robust formula for commercial success, with a well-oiled sales engine driving the process. 

Navigating the Digital Evolution: Ground Presence Matters 

In an ever-evolving digital landscape, the shift from relying solely on digital platforms to find clients and customers, to the importance of establishing a physical presence is critical. Finding motivated salespeople is a global challenge, underscoring the necessity of a dedicated team on the ground to connect with customers on a personal level. 

The Secret of Selling: Understanding Your Customer 

The core of selling is understanding your customer. Instead of immediately presenting your product’s features, start by comprehending your customer’s problems and needs. Building this initial connection sets the stage for a successful sales process. 

Building a Scalable Sales Engine: The Key to Long-Term Success 

Building a scalable sales engine involves creating systems that consistently deliver on promises to customers. By prioritising the development of a reliable sales team and system, business owners can focus on growth rather than mere maintenance. 

As businesses navigate the challenges of scaling, embracing these lessons becomes a pivotal step towards sustained growth and success. Learn more in this podcast discussion on the sales engine, from The Money Show:

Nyad

Business endurance lessons from Nyad

In the dynamic landscape of business, the ability to navigate challenges and uncertainties is paramount for success. As we step into 2024, a year filled with global elections, geopolitical tensions, and economic complexities, the need for strategic planning and purpose-driven leadership is more critical than ever. Drawing inspiration from an unexpected source, Pavlo Phitidis shares his thoughts on how the world of business can glean valuable lessons from the extraordinary journey of Diana Nyad, a world record holding long distance swimmer.

Setting the Destination:

In a recent discussion on “The Money Show,” Pavlo & Bruce Whitfield, shared insights into the challenges and opportunities awaiting in 2024. Recognizing the turbulent waters ahead, Pavlo turned to a surprising source for inspiration – a movie called “Nyad.” The film follows Diana Nyad’s quest to swim from Cuba to Florida, a 100-mile journey through shark-infested waters and unpredictable conditions.

Nyad’s journey became a metaphor for setting a destination in the business world. As Pavlo noted, “Without a destination, you’re going to be swimming in circles.” In the context of business, having a clear vision and purpose is essential to guide strategic decisions and overcome obstacles.

Lessons from Nyad’s Journey:

Diana Nyad’s determination and resilience offer profound insights for business owners facing challenges. Her journey wasn’t just about conquering a physical feat; it was driven by a deep purpose to achieve something remarkable. A key takeaway from the movie is the importance of defining a destination and building a team around that shared goal.

Pavlo emphasizes, “Destination matters.” Without a clear vision, businesses risk swimming aimlessly, unable to attract the right talent and resources. The parallel drawn between Nyad’s swim and business ownership highlights the significance of planning, teamwork, and unwavering commitment.

Team Collaboration: Nyad’s success wasn’t a solo effort. Behind her remarkable achievement were a coach, a navigator, a nutritionist, and a team dedicated to her vision. In the business world, Pavlo draws parallels to successful entrepreneurs like Jeff Bezos and Steve Jobs. Each of them began with a vision, assembling teams that shared their passion and commitment.

Dealing with Failure: The conversation delves into the fear of failure, acknowledging that failure is often seen as a black mark. However, the lesson from Nyad’s journey and the experiences of renowned inventors like Thomas Edison is that persistence and relentless pursuit of a goal lead to success.

Purpose Beyond Fame: One notable aspect of Nyad’s story is her pursuit of a greater purpose beyond fame or fortune. As Phitidis observes, “Diana Nyad never did what she did to be famous.” This echoes the idea that a business should be driven by a purpose that goes beyond financial success, leaving a lasting impact on the world.

As we navigate the business obsctacles of 2024, the lessons from Diana Nyad’s extraordinary swim resonate deeply. Setting a destination, building a committed team, embracing failure as part of the journey, and finding purpose beyond personal gain are crucial elements for enduring success in the business world. Let Nyad’s journey inspire business leaders, to swim with purpose and resilience, overcoming challenges to reach their desired destinations.

Positioning Your Business for Success: A Blueprint for Standing Out in the Marketplace

Positioning Your Business for Success: A Blueprint for Standing Out in the Marketplace

In the ever-changing landscape of business, where startups can skyrocket or vanish overnight, the journey from small business owner to industry veteran is nothing short of remarkable. What should you do when you’ve built a successful business over two, three, or four decades? Should you retire, or should you continue running the show until the end?

The Power of Positioning

Positioning transcends mere marketing—it’s the cornerstone upon which your business is constructed. It shapes your business’s identity, moulds its culture and values, and, when executed effectively, propels revenue and capital growth. To secure a competitive edge, business owners must understand their fundamental positioning and use them as a strategic guide to success.

Defining Your Purpose

Your business’s purpose is more than merely generating profits; it revolves around problem-solving. To unearth your genuine purpose, think about  your skills, aptitudes, and interests Start by identifying the problem you aspire to resolve, its cost to your customers, and the impact it has on their lives. Your purpose should revolve around addressing this problem effectively.

Shaping Your Products or Services

Once you’ve ascertained your purpose, it’s time to craft products or services that harmonise with it. Instead of starting with what you can offer, initiate your journey with the problem you’re resolving. This method ensures that your offerings are relevant and invaluable to your target audience. A profound understanding of the problem’s cost empowers you to set the appropriate pricing strategy and generate added value for your clients.

Crafting a Memorable Customer Experience

Your business’s purpose and offerings should organically lead to an exceptional customer experience. This experience transcends a mere transaction; it revolves around your interactions with customers. When your purpose and offerings resonate with your clients, they will feel understood and valued. This, in turn, paves the way for positive engagement and word-of-mouth marketing, thus creating a potent cycle of growth.

The Art of Saying Yes and No

Discerning when to say yes and when to say no is one of the most intricate aspects of positioning. In the early phases of business, saying yes to every opportunity is a common tactic to maintain positive cash flow. However, as you acquire a deeper understanding of your purpose and problem-solving capabilities, you must learn to decline opportunities that do not align with your positioning strategy. This discernment is pivotal for sustaining your focus and establishing a robust brand.

Positioning your business for success involves grasping your purpose, aligning your products or services with that purpose, and delivering an unforgettable customer experience. By concentrating on these components and mastering the art of saying yes or no, you can differentiate your business from the competition and establish a distinct and compelling position in the marketplace.

To listen to the full discussion from the show:

Embracing Relentless Uncertainty: A Business Owner’s Guide to Thriving in Chaos

Embracing Relentless Uncertainty: A Business Owner’s Guide to Thriving in Chaos

In the fast-paced and ever-changing landscape of today’s world, uncertainty has become an inevitable part of life, especially for businesses. The overwhelming influx of variables and challenges can leave even the most experienced entrepreneurs feeling stuck and unsure of their next move. However, there are tactics that can empower you to navigate through uncertainty, seize opportunities, and drive your business forward with confidence and vigor.

In a recent podcast of The Money Show, Pavlo Phitidis explored some essential strategies that can help you embrace and conquer relentless uncertainty.

1. Drip Feed Your Psychic Energy

To combat the mental exhaustion caused by a barrage of uncertainties, learn to draw inspiration and energy from both your past successes and your vision of the future. Reflect on your past achievements to boost your self-confidence and envision a successful future to fuel your motivation. This balance will help you maintain your focus and determination amidst the chaos.

2. Simplify and Group Variables

Facing a multitude of variables simultaneously can lead to a chaotic and overwhelming experience. Instead, simplify the complexity by grouping related variables together. Categorize challenges into themes such as customer issues, capacity problems, and supplier concerns. This organization allows you to tackle each group with a clearer, more effective approach.

3. Visualize and Shape the Challenge

Visualization is a powerful tool for comprehending intricate challenges. Grab a whiteboard or a piece of paper and visually map out all the moving parts and variables involved. This process will help you identify the significant issues rather than getting lost in a sea of minor problems.

4. Break It Down Into Steps

When confronted with an overwhelming challenge, break it down into actionable steps. Focus on the first step and the desired outcome, leading to the second step and it’s outcome, and so on. This approach allows you to test the waters without risking everything upfront. However, be cautious not to abandon an idea prematurely, as some endeavors may take time to gain traction and show results.

5. Envision Multiple Scenarios

The future is uncertain, but that doesn’t mean you can’t prepare for it. Envision various scenarios, both favorable and unfavorable, to understand potential outcomes and associated risks. This foresight enables you to be proactive and make informed decisions based on the situation at hand.

6. Rely on Data to Objectify

Data is an invaluable asset in navigating uncertainty. Analyze what can be measured and what is tangible. While it may not be feasible to quantify everything, leveraging data can provide invaluable insights and clarity during critical decision-making processes.

7. Get It Out of Your Head

When grappling with complex challenges, avoid keeping everything confined to your thoughts. Talk it through with a trusted colleague, mentor, or even write it down. Hearing yourself or reading your thoughts aloud can shed new light on the quality of your thinking and uncover new perspectives.

8. Seek the Right Guidance

Consult with experienced individuals who have faced similar challenges. Remember, expertise is not solely measured by time, but also by the depth of learning from mistakes and experiences. Engaging in discussions with the right people can provide you with invaluable advice and insights to make more informed choices.

9. Embrace Decisiveness

In an uncertain world, decisive action is a game-changer. Embrace the unpredictability and recognize that taking a stance is essential. Choose a path, and once decided, act deliberately and boldly. Your courage and conviction will set you apart from competitors, enabling you to shape the market rather than reacting to it.

Embrace the chaos, and by doing so, you will not only survive but thrive, becoming a driving force in reshaping your industry and creating a brighter future for your business.

Building Meaningful Customer Relationships: The Key to Sustainable Success in Business

Building Meaningful Customer Relationships: The Key to Sustainable Success in Business

In today’s fast-paced and competitive business landscape, finding, winning, and holding onto customers is the lifeline of any successful venture. However, traditional approaches like door-to-door selling and social media bombardment have lost their charm, leaving businesses wondering about the next viable strategy. In this blog, we delve into the essence of what you are really selling when you make that initial customer call – is it a product, a solution, or a relationship?

Product Selling: Showing Up and Throwing Up Product selling is often characterized by the one-sided presentation of features and benefits. The focus is on pushing the product onto the customer, hoping that it will somehow meet their needs. However, in today’s market, customers are savvy and skeptical, and such tactics may leave them disinterested or turned off.

Solution Selling: Unveiling Benefits The approach of solution selling involves understanding the customer’s pain points and presenting the product as a solution to their specific problems. It’s about highlighting the benefits that the customer would gain by using the product. While better than product selling, it still lacks a personalized touch that resonates deeply with the customer.

Relationship Selling: The Power of Trust Building a relationship with the customer is the most effective and sustainable approach. It involves taking the time to know your audience, their needs, and the genesis of their challenges. When you build trust and familiarity, customers feel valued and understood, leading to genuine interest in engaging with your business.

The Foundation of Relationship-Selling Engagement

  1. Know Your Audience: Understand who your target customers are, what drives them, and what problems they face.
  2. Identify the Problem: Clearly define the issue your product or service solves. This is not just about the surface problem but digging deeper to grasp its roots.
  3. Empathize with the Customer’s Journey: Recognize how your potential customers search for solutions, learn about them, and set their expectations for the fulfilment process.
  4. Shift Cognitive Biases: Often, customers don’t know what they don’t know. Earning a relationship allows you to help them understand the value you bring.

Building Strong Customer Relationships: Points to Consider

  1. Be Fully Present: Avoid multitasking during interactions with customers. Give them your undivided attention.
  2. Listen Actively: Focus on hearing what the customer is saying rather than formulating your reply.
  3. Be Curious: Show genuine interest in learning more about your customers’ needs and challenges.
  4. Ask Open-Ended Questions: Encourage meaningful discussions by asking questions that require more than a simple “yes” or “no.”
  5. Let Conversations Flow Naturally: Avoid forced sales pitches and let ideas and stories unfold naturally.
  6. Inject Humor and Authenticity: Build rapport by using humor appropriately and being genuine.
  7. Admit When You Don’t Know: It’s okay not to have all the answers. Customers appreciate honesty.
  8. Follow Through on Commitments: Deliver on promises made to build trust and reliability.
  9. Organize Your Engagement: Provide structure to the conversation while allowing flexibility.
  10. Respect and Empathize: Treat every customer with respect and be sensitive to their unique circumstances.
  11. Avoid Judgments: Stay open-minded and refrain from making assumptions about your customers.

In the evolving world of business, the key to success lies in building meaningful relationships with customers. Understanding their needs, communicating authentically, and earning trust can make all the difference. So, as you make that initial call to a potential customer, remember that what you are selling is not just a product or a solution – it’s the beginning of a long-lasting relationship.

To listen to to the radio discussion