Acquiring Minds Buying in a Huge but Overlooked Market
31 snips
Dec 5, 2024 Jonathon Tupper, owner of JSI Factoring, shares his journey from investment management to the niche of asset-based lending. He discusses the lucrative opportunities in factoring, especially for small businesses seeking liquidity. Jonathon highlights the unique challenges of acquiring a factoring business, from competing with banks to managing operations remotely. He also addresses the importance of building strong client relationships and shares insights on hiring in a tight labor market, offering invaluable tips for aspiring entrepreneurs.
AI Snips
Chapters
Transcript
Episode notes
Family Business Background
- Jonathan Tupper's parents owned a successful insurance brokerage near Toronto.
- His father started it at 30 and retired at 75, exposing Jonathan to entrepreneurship early on.
From Politics to Finance
- Inspired by a relative's political career, Jonathan initially pursued politics, working for a Canadian MP.
- He later transitioned to investment management due to higher earning potential.
Fixed Income Expertise
- Jonathan's career shifted to fixed income, focusing on bonds and lending, a field he spent 20 years in.
- This experience provided a strong foundation for understanding debt, risk, and collateral.