Neighborly News

It stands to reason that the more chances you have at hitting a target, the more likely you are to be successful. In math, they call it the law of probability. In business, they call it a wise portfolio diversification strategy.

Following this philosophy, investing in different asset classes like stocks, bonds, real estate and even small business can help you minimize failure – so that if one investment doesn’t perform, it doesn't endanger your entire financial future – and maximize success to allow the best chance at financial success with a diversified foundation that aren’t all directly tied to the same economic trends.

What is a Financial Portfolio?As its name suggests, a financial portfolio for a business professional is a collection of stocks, bonds, and cash, along with business holdings and assets like real estate, vehicles, or art. To create a financial portfolio, it’s important to identify your long-term goals and regularly monitor and update y…

If your dream is to start your own business, you’re not alone! In fact, 55% of adults in the U.S. have started at least one business in their lifetime. Starting your own business can be intimidating, and deciding if the time is right can be difficult. However, business ownership can be an incredible experience and give you the opportunity for a better future.  

#1: You’re Passionate About Your New Business Idea

Find your passion! Starting a new business takes significant time and energy, so business owners need to be passionate about their new business idea. A crucial component for any successful entrepreneur, passion can help motivate you to work hard, fuel your creativity, and give you the enthusiasm you need to stay focused on your long-term goals.

Business owners may also find that being passionate about their new idea can help them make better business decisions, pushing them to think critically and objectively as they determine what will help th…

Spring is known as a time of growth and fresh starts. With spring cleaning, the upcoming moving season, and warmer weather, the home services industry is gearing up for one of the busiest times of the year. And with that comes increased opportunities for starting a successful business in home services, particularly with a franchise to kickstart growth.

Homeowners look for trusted professionals to help them tackle their home repair, maintenance and enhancement projects. As the hub for home services, Neighborly is a one-stop-shop for homeowners eager to take care of their home needs this spring. As such, our network of over 5,000 franchises is only continuing to grow. With the renewed energy the spring season brings, now is a prime time to get started on your franchising journey in home services. Here’s why…

Homeowners Hop Into Spring ProjectsIn the spring, people begin to spend more time outside of the home, enjoying all the season has to offer. At the same time…

In franchising, there is a much-loved phrase, “Be in business for yourself but not by yourself.” This instructive advice summarizes the essence of franchising: a network of smaller, individual businesses working together to learn from each other, share ideas, and grow their individual businesses. In the best cases, franchisees don’t compete; instead, they help each other, sharing hard-won knowledge and even customer referrals.

Why Networking is ImportantAlthough there can be the tendency for franchise owners to “do it on their own,” don’t ask for help, or get lost in the grind of day-to-day business, those owners who are most successful realize that all business is people-centric and that their network determines their net worth. In fact, 78% of start-ups list networking as a top ingredient in the recipe for business success.

That’s why attending networking events is one of the best investments owners can make. Rubbing elbows with other motivated and ski…

Dispelling The Myth That Rising Interest Rates Are A Good Reason To Hold Off On Investing In A Franchise

Starting a new business is a rewarding experience, but let’s face the facts, it can be a challenging and even scary process. You must build a business plan, size the market, build systems, create and deploy marketing, research competitors – the list goes on and on. The normal fears around starting a business are also compounded by fears of rising interest rates and a looming recession. 

Neighborly - Dispelling The Myth That Rising Interest Rates Are A Good Reason To Hold Off On Investing In A Franchise

Many people are putting off starting a business with a potential recession on the way, but the idea that rising rates are a reason not to invest in a franchise is ultimately untrue. Starting a franchise allows you to tap into experience, systems, existing owners, marketing and other resources to help you get a fast start on success.

Let’…

Franchising Territory: Finding The Best Place To Start A Business

If you’re considering investing in a franchise, one of the first things you’ll need to do as you work through your initial checklist of priorities is to develop a business location strategy – which means being crystal clear and purposeful about your franchise territory.

Most franchisors will offer a defined business territory for you to work in, but there are some key things you’ll need to consider before you sign on the dotted line. The location configuration, size, and composition of your territory, as well as the terms imposed by the franchisor, will help you determine the best territories for your franchise and help you down the path to franchise ownership. 

Why Does Location Matter for a Business?                             &n…

Self-Employment Through Franchising: The Key To Finding A Job You Love

In the last few years, the Great Resignation, quiet quitting and other trends in the workforce have shown us that finding a job you love is more difficult than it seems. Now, recent layoffs in some industries have flooded the job market with talent looking for their next career move. As these people reevaluate their careers, some may decide that remaining as an employee no longer sounds appealing. In fact, a recent report from Vox suggests that many are already turning toward self-employment.

For corporate refugees or those simply tired of the typical 9 to 5, finding a job you love may mean building a business of your own through franchising. Here’s what to look for when building your business and finding your perfect job… Neighborly - Self-Employment Through Franchising: The Key To Finding A Job You Love Search For Your Perfect Match 

One of the most important a…

Working with family can be difficult, but it also has its advantages. Starting a business with a partner can help alleviate pressure and improve efficiency. When you start a business with your significant other, you know how the other person functions, and there is a level of trust and comfort you may not find with other business partners. If you make some strategic decisions and carefully plan before you begin, you can greatly increase the chances of success for your business… and your marriage.

Neighborly - How To Start A Business With Your Spouse

Learn how to start a business with your spouse and create a shared venture that allows you to grow and deepen your relationship. 

1. Establish a Plan

When starting a business, spouses and partners need to ensure they’re working with the same mission, vision, and values in mind for their business and their relationship. Couples should take into account their joint long-term goals…

Of the many possibilities for being your own boss, franchise business ownership is the most structured option. Typically, the franchising company (franchisor) provides an established business model and proven structure that can help new franchise business owners (franchisees) mitigate risk and ramp up quickly. Plus, leveraging a well-known and established brand means that customers are already seeking services from the brands they know and love!

Neighborly Franchise Opportunities Are The Leaders In Their Respective Fields!

NeighborlyⓇ brand franchises include well-known service-based franchise brands offering home and business services that communities far and wide recognize and seek out. Based in Waco, Texas, Neighborly first opened its doors in 1981 with only one brand. Since then, the company has grown to become the holding company of more than 30 brands serving millions of customers across nine countries.

Neighborly’s various franchises offer serv…

January 18, 2023 // FranchiseMarketingSolutions.com // Waco, Texas - Neighborly® brands Molly Maid®, Mr. Rooter® Plumbing, Glass Doctor®, Junk King®, Mr. Appliance®, Mr. Electric®, Mr. Handyman® and Real Property Management® were recently named by Franchise Business Review as Top Franchises for 2023.

Brad Stevenson, Chief Development Officer, Neighborly

“Seeing our brands continue to perform and gain recognition for their accomplishments as a result of their efforts could not make me prouder to be a part of the Neighborly hub for home services,” said Brad Stevenson, Chief Development Officer for Neighborly. “Having multiple Neighborly brands named on Franchise Business Review’s list year after year is a testament to our hard working franchise owners who place an emphasis on providing exceptional customer service through our Done Right Promise™. It’s our franchise owners who can be credited for propelling our brands to achieve succe…

Molly Maid® and Mr. Rooter® Plumbing honored with seven years named to the prestigious ranking

January 18, 2023 // FranchiseMarketingSolutions.com // Waco, Texas - Neighborly® brands Molly Maid®, Mr. Rooter® Plumbing, Glass Doctor®, Junk King®, Mr. Appliance®, Mr. Electric®, Mr. Handyman® and Real Property Management® were recently named by Franchise Business Review as Top Franchises for 2023 with Molly Maid® and Mr. Rooter® reaching a milestone of seven years named to the list. This is the 18th annual ranking of the 200 best franchise opportunities as rated by franchise business owners.

“Seeing our brands continue to perform and gain recognition for their accomplishments as a result of their efforts could not make me prouder to be a part of the Neighborly hub for home services,” said Brad Stevenson, Chief Development Officer for Neighborly. “Having multiple Neighborly brands named as top franchises on Franchise Business Review’s l…

January 13, 2023 // FranchiseMarketingSolutions.com // Waco, Texas - Neighborly® brands Aire Serv®, Glass Doctor®, Mr. Electric®, Precision Door Service®, Five Star Painting®, The Grounds Guys®, HouseMaster®, Molly Maid®, Mosquito Joe®, Mr. Appliance®, Mr. Handyman®, Mr. Rooter® Plumbing, Rainbow Restoration®, Real Property Management®, ShelfGenie® and Window Genie® were all included in Entrepreneur’s Franchise 500®.

The 2023 Franchise 500® ranks these 16 Neighborly brands for their outstanding performance in areas including unit growth, financial strength and stability and brand power: Mr. Electric #168, Ranked #1 in Category Glass Doctor #180, Ranked #1 in Category Aire Serv #207, Ranked #1 in Category Precision Door Service #375, Ranked #1 in Category Mr. Rooter Plumbing #129 Rainbow Restoration #132 Mr. Appliance #135 Molly Maid #142 Mosquito Joe #167 Real Property Management #187 HouseMaster #225 Mr. Handyman #236 Fiv…