FRANBYTE

Wishing all those celebrating a sparkling Diwali filled with joy, prosperity, and endless happiness! 🪔 #HappyDiwali2024

I’m not dismissing you if you have big dreams but limited resources. Heck, I started and built a successful, profitable business with nothing more than $500 in my bank account when I was in my early twenties. However, you have to be realistic about your current situation and where you want to go. The journey from one point to the other can be long and challenging. I spent 70–80 hours a week building and running my first business. I knew I had little money, but I had plenty of time and energy, so that path made sense for me then. Later in life, when I decided to leave my job and embark on my next full-time business, I was older and wiser, with less time and more money. So I chose to start my business differently. I didn’t want to reinvent the wheel or waste time building everything from the ground up. I wanted to reach profitability and scalability faster by implementing proven systems and business models. After all, time is money. That’s why I found tremendous value in business ownership through franchising. If you’re considering business ownership through franchising, here are the minimum financial requirements that will provide you with a decent number of good business opportunities: - At least $50K in liquid capital and a 700+ credit score if you plan to work full-time in the business. - At least $150K in liquid capital and a 700+ credit score if you plan to work 15–20 hours per week in the business, often referred to in the franchise industry as the semi-passive/executive/manage-the-manager model. - At least $250K in liquid capital and a 700+ credit score if you’re looking for a near-passive business model. Some industries have higher requirements. For example, if you're interested in the food industry, investment requirements typically start at $200K in liquid capital and a 700+ credit score. While there are always a few exceptions, they are rare. Based on data I’ve analyzed from thousands of businesses across over 30 industries, the numbers I’ve shared are realistic estimates. These numbers also assume that you are willing and able to qualify for a business loan to fund the remainder of the investment amount. #StartupInvestment #BusinessFinances #SmallBusiness #Franchise #SBA #Franbyte

Choosing the right business is a critical step in your entrepreneurial journey. It’s not just about profitability—it's about aligning your business with your passions, lifestyle, and financial goals. Be strategic and intentional in your decision-making to set yourself up for long-term success. #Entrepreneurship #BusinessStrategy #WealthBuilding #SmallBusiness #Startup #BusinessGrowth #FinancialFreedom #BusinessOwner #Franbyte

Thinking about investing in a franchise but not sure where to start? You're not alone! The decision to invest in a franchise can be life-changing, but it comes with plenty of questions. Here are the 10 most common questions asked by aspiring franchise owners as we help them determine which franchise business investment is the best for them. #FranchiseBroker #BusinessStartup #Entrepreneurship #Franbyte

The success of a franchisee depends on several key factors. The Franchise Disclosure Document (FDD) is where you can actually see the success rate of a franchise. We provide prospective franchisees a guide on to analyze the FDD to determine the success rate of a franchise so that they can make an informed decision on whether to invest in a particular franchise. Email me at [email protected] if you would like a free copy of our FDD review guide. #Franchise #FranchiseBroker #BusinessBroker #FranchiseDueDiligence #FranchiseDisclosureDocument #Franbyte

Nearly 50% of businesses fail within their first five years. The real challenge isn’t just starting strong—it’s navigating the crucial years of sustaining and growing your business. The key to beating the odds? Focus on both short-term wins and a solid long-term growth strategy. #Entrepreneurship #BusinessGrowth #BusinessSuccess #BusinessAdvice #Franbyte

If you’re considering buying a franchise for your next investment, but are holding back due to fear of failure – what’s your alternative? People with entrepreneurial spirit like you usually want the freedom that comes with being your own boss. We understand that. However, independent business owners have their own hurdles to overcome as well. There is always a risk of failure with any business venture. So, we’ve compared and contrasted franchising vs independent business, so you can see which business opportunity is worth the risk. #BusinessSuccess #BusinessAdvice #SmallBusiness #BusinessStartup #Franchise #BusinessFailure #BusinessRisk #Franbyte

To be a successful in life and business, learn to embrace the unexpected. #BusinessAdvice #CareerSuccessTip #LifeAdvice #Franbyte

Curious about the current state of franchising? Our latest article breaks down key statistics that reveal why franchising remains a strong and growing opportunity in today’s business landscape. #FranchiseBusiness #Franchising #SmallBusiness #FranchiseBroker #BusinessBroker #Franbyte

As a modern career mother, I know firsthand the struggles of juggling work, family, and carving out time for yourself. The constant tug-of-war between professional growth and personal fulfillment is something so many of us face daily. I’ve felt the guilt, the pressure, and the exhaustion that come with trying to do it all. But here’s the thing: It doesn’t have to be this hard. After working with so many amazing career mothers, I’ve found there’s a better way to live a life where you don’t have to compromise on your non-negotiables. For me, that answer was business ownership. It allowed me to create the life I wanted, without sacrificing what matters most. And I’m not alone. So many other women I’ve spoken to have found the same freedom and balance through owning their own business. If you’ve ever felt torn between your career and your family, or wondered if it’s possible to truly have both, I encourage you to explore whether business ownership might be the answer for you. You have nothing to lose and everything to gain. The best way to start your exploration into business ownership is through education. At Franbyte, we have tons of free resources to help you learn everything you need to know about business ownership. You can reach out to me or my team at https://hubs.li/Q02LBNkc0 if you have any questions or need information. Let’s explore how we can find more joy, fulfillment, and balance together. #CareerMoms #ModernMotherhood #WorkLifeBalance #MotherhoodStruggles #Franbyte