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This is the stuff you millionaires in the making need to know to kick start or propel you on your financial fitness journey. Tracey Bissett, Founder of Bissett Financial Fitness and award winning Financial Literacy Champion, gives you the straight goods each week to set yourself up for financial success. As a former executive at TD Bank, one of Canada's Big 5 Banks, Tracey has worked with and in support of thousands of individuals and entrepreneurs to secure the financing they needed.  This hands on experience combined with her formal financial education, Masters of Business Administration and Chartered Financial Analyst designation, position Tracey uniquely to coach all things money. Tracey goes behind-the-scenes of all the money matters with need-to-know tips, money-making demystified, and special power-player interviews. Join us weekly for Financial Fitness Training that will turn even a Cash Couch Potato into a Marathon Money Maker.

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  2. EP134 Young Money Masterclass: Starting, Buying or Selling a Business with Nunzio Presta, Founder & CEO of BizON

EP134 Young Money Masterclass: Starting, Buying or Selling a Business with Nunzio Presta, Founder & CEO of BizON

Apr 7, 2020

Nunzio Presta is the CEO and founder of BizON, an online marketplace where thousands of people sell, buy, and grow business and franchises. Nunzio is a former professional hockey player and entrepreneur with extensive experience in identifying funding and building businesses. He is a mentor to small business owners and entrepreneurs, sharing his skills in leadership, marketing, product development, and strategy. Nunzio contributes to the digital resource, Thrive Global, sits on the board of directors for multiple startups, and is part of Startup Canada’s Entrepreneur Success Advisory Council. 

 

Nunzio joins me today to share how to start, buy, and sell businesses. He shares how BizON helps people find existing companies and get into ownership. He reveals the mindset and skills that successful business owners possess along with tips and considerations for starting a business. He discusses what to look for when assessing a business and the importance of doing your due diligence. Nunzio also shares common missteps to avoid when starting or acquiring a business.




“You don't have to start a business to own one. You can find an established business today that gives you purpose.” - Nunzio Presta




This Week on Young Money:

 

  • Starting a marketplace and community where small businesses owners can list their business
  • Getting into business ownership
  • Traits of successful business owners including reliability, focus, curiosity, and energy
  • The things Nunzio wished he knew earlier in his entrepreneurial journey
  • Tips for starting a business and the importance of a good team
  • What to look for when buying a business including self-sufficiency, timing and trends, and the business model
  • Using professionals to do your due diligence 
  • Missteps to avoid in the startup and business space



Key takeaways:

 

  1. Think about success as a journey
  2. Start with the right motivation
  3. Validate your idea
  4. Look at things through the lens of social, economic, and tech trends
  5. Be patient and think about the future
  6. Do your due diligence



Resources Mentioned:

 

 



Connect with Nunzio Presta:

 




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