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how to sell your business

Why, When and How to Sell your Business.

Every business only has two destinations: it closes, or you successfully sell it. Globally, however, 94.6% of all businesses that begin, never get sold. This is tragic for business owners, because they pour their life, energy, and attention into a building a business that should serve them and offer them financial security. But why would you sell your business, and when is the right time to do so? On The Money Show with Bruce Whitfield, Pavlo Phitidis outlined a plan for how to sell your business:

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How to build your business: Break it to build it throughout the growth cycle

How to build your business: Break it to build it throughout the growth cycle

You build your business within the context of your business environment. When your business environment changes more rapidly than your growing business, the only way to build your business is to break to rebuild. On The Money Show with Bruce Whitfield, Pavlo Phitidis outlines why:

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How to build your business through delegation

How to build your business through delegation

Your business journey most often begins with just you. Along the way, however, as you figure out how to build your business, you’ll discover that delegation is essential. At first, you may delegate or outsource tasks out of desperation, because you have too much to do. The art of delegation, however, is a key component for building your business. On The Money Show with Bruce Whitfield, Pavlo Phitidis sets out five important facets of how to build your business through delegation:

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Managing Business Growth – The Killers of Business Growth

Managing Business Growth – The Killers of Business Growth

Ask any business owner what they’d like for their business, and they’ll say “Growth”. But managing business growth isn’t just about increasing your profit margins or growing your turnover. As Pavlo Phitidis outlined on The Money Show with Bruce Whitfield, managing business growth should be about more than just adding new branches, purchasing new assets, or expanding your footprint. Managing business growth in a sustainable way means building and investing in your capacity to grow, before you grow. The true essence of growth does not lie in the numbers - your business is much like a body: it must learn skills, build muscle, and grow, before it can carry a bigger weight. Similarly, your business is much like a professional athlete, in that – to run faster, better, and further, every part of their training schedule, physique, and nutrition, must be well-maintained to enable success. Every organ within an athlete’s body must be in happy, healthy, and work in unison to enable them to achieve their goals. It’s the same within your business. The potential killers of business growth reside within these all-important variables:

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Learning lessons from the GrowCo conference

Learning lessons from the GrowCo conference

GrowCo gives attendees the opportunity to learn from the best in the industry with more than 600 people attending – including CEOs and thought leaders – workshops and networking opportunities. Here are a few insights Pavlo Phitidis came away with after attending the world’s biggest three-day business growth conference.

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KVD: A fisherman’s tale

KVD: A fisherman’s tale

American Kevin VanDam is one of the top-ranking bass fishermen in the world with two Major League Fishing Cups, four Bassmaster Classic titles, seven Toyota Tundra Angler of the Year titles and eight Angler of the Year titles under his belt. His winnings amount to millions of dollars and he is the beneficiary of major sponsorship deals. In this blog, we take a look at the secret of his success.

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At GrowCo, we learnt more about a range of businesses that have not only attracted great rounds of funding and investment, but also generated exceptional momentum.

Reflections on Small Business Growth from GrowCo

On The Money Show With Bruce Whitfield, Pavlo Phitidis shares what he learnt about small business growth, scale, competition, funding, and fame, while attending GrowCo in New Orleans:

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