Business
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: Think about success as a journey Start with the right motivation Validate your idea Look at things through the lens of social, economic, and tech trends Be patient and think about the future Do your due diligence Resources Mentioned: EP020 Business Financing Tips with Sharon Connolly, VP at BDC EP121 BDCs Sharon Connolly on Young Entrepreneurs & Newcomers to Canada Connect with Nunzio Presta: BizON BizON blog Nunzio Presta on Twitter Nunzio Presta on Facebook Nunzio Presta on LinkedIn BizON on LinkedIn BizON on Instagram BizON on Twitter BizON on Facebook BizON on YouTube Rate, Share & Inspire Other Young Millionaires-in-the-Making Thanks for tuning into the Young Money Podcast - the advice show for young millionaires-in-the-making! If you enjoyed this week’s episode, head over to Apple Podcasts and leave us a rating and review. Visit our website to learn how easy it is to leave a review on Apple Podcasts. Don’t forget to share your favorite episodes on social media! Subscribe to the Young Money Podcast on iTunes so you never miss an episode and reach out to us on Facebook, Twitter, LinkedIn, our LinkedIn Company Page, or by visiting our website.