Neighborly News

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. 

Understanding the Franchise 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

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).   

Self-Assessment for Choosing the Right Franchise

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

Identify Your Skills and Interests

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

Whether serving homeowners by repairing, maintaining, and enhancing their homes, or helping aspiring entrepreneurs kick-start their business ownership journeys, the idea of building the life you envision for yourself is ultimately at the heart of the Neighborly brand.

I have talked extensively about remembering your “why” before choosing business ownership, yet I can’t help but to reiterate it again. For many entrepreneurs, this “why” is all about escaping the grind of the 9 to 5, building a legacy, and creating opportunity for themselves and their families. It’s not about making money or gaining status, but building something that matters – an enRICHing life

Business ownership extends far beyond simply making a living – it creates the ability to truly build a fulfilling life and legacy you can be proud of. But don’t just take my word for it… Brad Stevenson, Chief Development Officer, Neighborly

The Grass is Green…

Are you a small business owner who isn’t seeing the kind of growth you’d like? Many entrepreneurs dream of owning their own business, and while that can be rewarding, like anything worthwhile, it also comes with challenges. Finding new ways to sustain and grow the business isn’t easy, and while you could increase your marketing efforts, add additional services, or expand your hours of operation, it can be hard to grow a business on your own.

However, there is hope for a potentially different path. Converting an existing business to a franchise isn’t something all owners stop to consider, but doing so can give small business owners enormous advantages. The main difference between a franchise and a typical small business is that a corporate brand name backs franchises. Rather than trying to reinvent the wheel, a franchise has the advantage of brand recognition, established systems, a well-defined marketing roadmap, and they are part of a community of other small…

Every business has the potential to be a legacy business because of what it can leave behind—a footprint of what it did, how it did it, and why. While some of the most notable benefits of owning a business are being your own boss, gaining financial independence, and obtaining greater control of your career and life, another marvelous privilege is leaving a legacy.

Whether you are thinking about starting a new small business, growing your existing company, or planning an exit strategy, it's never too late to begin thinking about those who will succeed you, and the type of legacy you want to leave for them and be remembered by.

The Importance of a Business LegacyWhile many past and current business owners have prioritized the need to build a legacy for their business, this can be done by selling the business, passing ownership externally, or by leaving the business to the next generation in the family.

According to a survey by the Family Enterprise …

Are you fed up with the 9 to 5? Or are you looking for a career change? Deciding to run a business from home can be an excellent option for individuals looking for an entry into business ownership. While starting your own business is never easy, running a business from home can make entrepreneurship more attainable and allows beginner entrepreneurs to realize the benefits of business ownership with less risk, time, and cost. Discover how technological capabilities and low-cost operation enable more entrepreneurs to start a home-based business. 

What is a Home-Based Business?

A home-based business is defined as operating from a business owner's or entrepreneur's residence. According to The U.S. Small Business Association, 50% of all small businesses begin at home, and 19 million are home-based. 

All business activity does not have to happen in the home to run a home-based business. Depending on the business, some of the wo…

From eco-friendly pest control to new technology, regulations, and shifting consumer preferences, a variety of trends have the potential to significantly impact the pest control industry. If you own a pest control business or are looking to get started, staying current on the latest industry trends is critical.

Learn more about top pest control trends to help map your business strategy and set your business up for success.  1. Eco-Friendly Pest Control

Pesticides are no longer regarded as the only solution for pest control companies. As more and more homeowners, property managers, and pest control companies begin to understand the effects of pesticides, alternatives are increasingly used to reduce the impact of common pest control methods. Eco-friendly pest control is a strategy that incorporates natural and non-toxic methods as part of an integrated program to control pests. 

Eco-friendly pest control methods include a range of techniques su…

Are you dreaming of starting your own business, following your entrepreneurial dreams, and enjoying increased freedom and work flexibility? It all sounds too good to be true in today’s opportunity-rich workplace environment, but there is a big opportunity you may not be focused on that could give you all that and more: franchising. You can capitalize on the growing popularity of franchising and enjoy all the advantages that this business model offers.

There are no guarantees in life, but every successful business venture requires not only optimism, enthusiasm, and good intentions, but strategic planning and an operational infrastructure that are necessary to get you off to a solid start and help you overcome obstacles along the way. In starting your franchise business, the following tips and resources will enable you to navigate the challenging and promising waters you will face.  Why Invest in a Franchise Business?

From the onset, it is always…

Neighborly®: A Global Service-Based Franchise Company

Like most companies, Neighborly has an official mission statement and vision; however, unlike other companies, we also have a Code of Values that each employee is urged to follow and know by heart and with heart. The Code of Values serves as a set of universal guidelines by which we strive to adhere, from the bottom of the organization all the way to the top. In fact, any meeting of three or more employees of Neighborly begins with a reciting the Code of Values.

Click to explore Neighborly Brand Franchises easily here on Home Services Opportunities.

Respect Treating others as we would like to be treated. Listening with the intent to understand what is being said and acknowledging that what is said is important to the speaker. Responding in a timely fashion. Speaking calmly and respectfully, without profanity or sarcasm. Acknowledging everyone as right from…

Entrepreneurship is on the rise. According to the Economic Innovation Group, data shows that in 2022, nearly 1.7 million applications to form new businesses were filed, likely to hire employees, making it the second-highest total of any year on record and representing a 27.8 percent increase from 2019.

While business ownership is becoming more appealing than ever, it also involves significant time and dedication, particularly during the start-up phase. Balancing time between your business and personal life is essential, yet developing a successful work-life balance can be one of the biggest challenges business owners face and one of the main reasons people go into business for themselves. We’ve compiled a few practical tips to help you achieve a healthy work-life balance.  

Work in an Industry That You Enjoy

In the pursuit of success, most entrepreneurs want to work in an industry that is projected to grow and succeed. However, it can be…