416-786-9138 predmond@fortura.ca

HEAR HOW TO BE FINANCIALLY SAVVY 

Thinking of starting a business?  Hear tips on when to start your business. Learn how to create a business plan and different types of funding options to start your business or to grow your business.

0:00 Intro and Bio:  As President and Chief Financial Fitness Trainer, Tracey works with clients, individuals and business owners alike, to help them understand and improve their level of financial fitness with a goal of increased confidence using their financial skills, so they can be successful in their financial lives.

In addition, she teaches at post-secondary institutions, leads speaking engagements and is the Executive Producer and host of the Young Money podcast all focused on increasing financial fitness awareness.

3:12 – Tracey tells her story and how she was and entrepreneur at a very early age.

5:07- Discussion on working for a corporation and how it prepared us for our entrepreneurial life.

6:16 – Tracey starts off by letting us know how important it is to be adaptable in business.

8:02- Penny explains a situation when she had to adapt.

BUSINESS PLANS FOR NEW BUSINESSES

10:46 – Big discussion on business plans and Tracey lists what you should ask yourself.

13:04 – How your childhood may affect how you look at money.

TIPS ON WHAT TO DO BEFORE YOU START A BUSINESS

 

13:40 – Tracey gives us tons of tips and resources to use before starting a business.

17:35 – Discussion on finding support when starting and running a business.

19:12 – How important it is to understand who your customer is and their needs.

OPTIONS TO FUND YOUR BUSINESS

 

21:29 – Tracey explains what the banks will require for a business loan.

23:25 – What private/angel investors will expect before lending you money.

26:54 – Plus, the best way to have friends and family loan you money for your business so it won’t damage your relationship with them.

28:42  – Penny shares not to be fearful of backing away if it doesn’t feel right

OTHER SUPPORT REQUIRED WHEN RUNNING A BUSINESS

 

30:23- Tracey lists other support you need besides financial when a business owner, solopreneur, mompreneur.

35:23 – Discussion on accountability partners and mentors.

WHAT DO YOU DO ONCE YOU MADE MONEY

 

41:02 – Options when you are financially successful, and you have a family business

WHAT AGE DO YOU HAVE TO BE TO START A BUSINESS?

 

46:45 – How younger adults have the desire to travel and belongings are not as important as experience.

49:15 – Trend for people to start their entrepreneurial life earlier due to businesses that require less capital.

TRACEY’S MESSAGE TO ENTREPRENEURS

53:21 – Tracey message has three main points.

CONNECT WITH TRACEY BISSETT

Tracey Bissetts website: www.bissettfinancialfitness.com
Tracey’s twitter account: https://twitter.com/bissettfinfit

LINKS:

 

CBD – Canadian Business Development Bank of Canada – BDC supports businesses with loans, consulting services and capital for growth and transition projects. https://www.bdc.ca/en/about/pages/default.aspx

 

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