#44- What you need to know about franchises - Charista Baye

Meet incredible Charista Baye, a serial entrepreneur turned franchise matchmaker. We unravel the myths surrounding franchises – spoiler: they're not all about hefty investments and burgers! Charista shares her journey, from breaking free from the corporate grind to becoming the ultimate business matchmaker. We explore the lesser-known facets of franchises, from diverse industry options to the importance of timely risks and due diligence. Get ready for some golden advice on thriving in the world of franchising, sprinkled with success stories that will ignite your entrepreneurial spirit. Whether you're eyeing the franchise game or just curious about the business world beyond the myths, this episode is your backstage pass. Tune in for laughter, insights, and a roadmap to finding your perfect entrepreneurial fit."Don't just sit back and think, this is going to come to me. It's not. You have to take action." - Charista Baye Zorakle Assessment - https://www.zorakle.net/assessment/welcome/thoughtfulfranchisebrokers If you love this show, please leave us a review. Go to RateThisPodcast.com/ridingtandem and follow the simple instructions. Reach out! Send your feedback and comments. What would you like to hear about on this podcast? Email me at ridingtandem@thetandemworks.com  Unpacking this episode min by min: 00:03:01 - Leaving Corporate America  00:05:23 - First Business Failure - P three inventory  00:08:16 - Second Business Failure - Second Pouch  00:13:03 - Starting Business Number Three  00:15:08 - Overcoming Adversity  00:17:41 - Finding Success  00:18:26 - Scaling and Course Creation  00:23:56 - Transition to Franchise Broker  00:25:38 - Entrepreneurial Mindset  00:26:59 - Transition to Franchising  00:30:01 - Learning New Skills  00:31:42 - Pros of Franchising  00:36:00 - Common Franchise Myths  00:38:10 - The Cost of Starting a Franchise Business  00:40:07 - Understanding Franchise Fit  00:42:22 - Zoracle Business Assessment  00:43:27 - The Impact of Mindset on Business Ownership  00:45:45 - Financial Readiness and Business Ownership  00:50:06 - Starting a Business: Just Do It  00:51:01 - Knowing Yourself and Your Goals  00:52:51 - Learning from Experience  00:55:15 - Unexpected Paths in Business Ownership  01:00:59 - Free Services and Monetization  01:02:36 - Importance of Communication and Transparency  01:04:12 - Empowerment and Confidence  01:06:02 - Screen Addiction and Parenting  01:08:23 - The Value of Listening and Feedback  01:10:39 - The Power of Assessments in Business Vivian KvamLinkedIn - https://www.linkedin.com/in/viviankvam/Email Vivian - vkvam@thetandemworks.com  Charista Baye- Thoughtful Franchise BrokersFacebook - https://www.facebook.com/ThoughtfulFranchiseBrokersWebsite -www.thoughtfulfranchisebrokers.comLinkedIn- https://www.linkedin.com/company/thoughtful-franchise-brokers/ Tandem Works Team:Facebook - https://www.facebook.com/TandemWorksTeamInstagram - https://www.instagram.com/thetandemworks/Email the team: RidingTandem@thetandemworks.com  FREE RESOURCES  Zorakle Assessment - https://www.zorakle.net/assessment/welcome/thoughtfulfranchisebrokers Shop Our Favorite Tools and Things here https://thetandemworks.com/our-favorite-things Receive the latest news, encouragement and inspiration from Vivian to your inbox by signing up here https://thetandemworks.com/newsletter-sign-up Riding Tandem with Vivian Kvam A podcast from Tandem Works Email the team: RidingTandem@thetandemworks.com