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A franchise is a business model in which a company (the franchisor) gives other parties (franchisees) the right to use its trademark to sell goods or services according to its terms. (The legal contract for this arrangement is usually called a franchise agreement.)

The franchisee may benefit from the company’s established business systems, recognized brand, training programs, and other support. These benefits are typically given in exchange for an initial investment, a franchise fee, and a set percentage of sales revenue (royalties).

The success of the franchise model comes down to one simple thing: an agreement between the franchisee or owner (that’s you) and the franchisor (that’s us). You agree to make an initial investment and pay regular fees, and we agree to share the benefits of our established brand and proven system with you.

Halloween makes for the perfect holiday for spooky stories and urban legends. But what's even scarier than ghosts and goblins? For many, it's the bone-chilling fear of starting a business, particularly in the world of franchising.

However, these apprehensions are often fueled by commonly held myths about franchising, which might be preventing you from exploring a potentially rewarding career change. So let’s dispel these misconceptions and highlight the numerous benefits of franchising, with Neighborly's proven system as your guiding beacon.

One of the most common myths surrounding franchising is the belief that it's exclusively linked to the food industry. While fast-food chains may come to mind first, there are franchise concepts in nearly every industry imaginable, spanning a diverse array of sectors.

For instance, Neighborly is a major player in the home…

Home service franchises have gained significant traction in recent years as they offer unique and exciting opportunities for new and experienced business owners. Many factors contribute to the growing demand for home services, including their potential profitability and the lower-cost franchise opportunities available. Whether you’re interested in plumbing, HVAC, landscaping, cleaning, or other home services, the market is projected to grow over 35% by 2026.

Investing in a franchise can be an attractive opportunity for aspiring entrepreneurs looking to become business owners with the support of an established brand. But before signing a franchise agreement, it’s important to understand the franchise costs and fees clearly. We’re here to help break down the cost of starting a franchise. Keep reading to learn the key components of a franchise's initial investment. 

Starting a franchise comes with initial st…

What is the first thing that comes to mind when you think of franchising? For a lot of people, a fast-food franchise is the first thing that will come to mind when thinking of buying a franchise. And understandably so, as fast-food establishments have long dominated the franchise industry. Fast food franchises include global brands and household names. But there's a rising franchise industry – home services.

Learn why the home services franchise business model is compelling for many aspiring business owners today. 

The fast food franchise business model has historically been the most well-known, as food franchises account for an estimated 30% of the total franchise establishments in the U.S.

Like the franchise model in other industries, fast-food franchises enable entrepreneurs to operate their restaurants under the franchisor’s name, business processes, and guidelines. In exchange for an initial franch…

One of my favorite aspects of my role with Neighborly is the ability to travel all over the world for conferences, trade shows, conventions, and retreats. These trips are not only enjoyable, but impactful as they allow me to develop my skills and deepen my knowledge and connections within my industry.

Conferences provide valuable networking opportunities, both for you and the brand you represent. They allow you to learn and become educated on developments within the industry, and if you are a speaker, gives you an opportunity to share your knowledge and wisdom with others. These events can have an everlasting impact on your relationships with your colleagues and peers. Because the environments are relaxed and laid back, they allow you to meet professionals on a personal level to establish trust and deeper connections as you build your network.

With all of the events I’ve attended over the years, I’ve learned a few lessons along the way about how to get t…

Like a child in a candy store, the business opportunities available to entrepreneurs today are exciting and plentiful. With choices from every industry imaginable, the question isn't about the number of opportunities, but more about which ones are best suited for your goals, skills and vision.

Particularly, in the world of franchising where the sky’s the limit in possibilities from successful, proven brands, determining what to consider when buying a franchise can significantly impact your financial and personal future. What follows is a guide that can help you make an informed and wise decision in selecting a franchise concept (or franchisor).   

The first step in determining the best franchise fit is to undergo a candid and extensive self-assessment.

Finding a franchise that combines your professional experience with your personal passions can lead to a …