Owning and operating a franchise offers several benefits over starting a business from scratch. Most people know that franchising typically allows entrepreneurs to get up and running faster with an established business model and a built-in support network, but for a Neighborly franchise, a smoother launch is just a tiny part of the many advantages you might not have considered.
3 Advantages of Neighborly Franchise Brands
When you invest with a Neighborly home services franchise brand, your dream of owning your own business can become a reality with two huge differences — you don’t have to do it alone and you enjoy all the advantages of a built-in system. The Neighborly offers three major benefits of franchising:
1. An Established Business Model
Since a Neighborly franchise comes with an established business model and step-by-step process, you’ll know what to expect and how to set yourself up for success from day one. During the mutual evaluation process with your chosen Neighborly franchise brand, you can thoroughly explore the business and speak to current franchise owners.
With decades of experience and a track record of success, Neighborly franchises offer franchisees a blueprint for professional and personal growth. The standardized processes, systems, and operational procedures enable franchisees to hit the ground running and navigate the challenges of entrepreneurship with better confidence. By following an established business model, franchisees can minimize risk as much as possible while maximizing their chances of long-term success in the competitive home service industry.
2. Trust in Neighborly Franchise Brands
Starting a business from the ground up is difficult because no one knows who you are and what you do. As an established franchisor, Neighborly consists of 19 brands across North America, so no matter what home services franchise brand you choose, by it being a part of the Neighborly family you’ll already have a stellar starting point.
That means franchisees can leverage the reputation and credibility of Neighborly’s overarching network to attract and retain customers. Because Neighborly franchisees have been providing quality home services to thousands of customers over the years, we have created an unparalleled level of brand loyalty and recognition across multiple industries.
3. Growth Potential
Neighborly’s corporate headquarters provides access to a variety of promotional materials to help with marketing. You'll also be able to tap into support and training so you can grow your franchise using established methods and strategies and only be limited by your creativity, hard work, and ambition.
With a scalable business model and a robust support infrastructure, franchisees can expand their operations, open multiple locations, and achieve their business goals. Whether it's conquering new territories, diversifying service offerings, or pursuing strategic growth, Neighborly provides the platform for franchisees to realize their full potential and build thriving businesses that stand the test of time.
3 Secret Neighborly Franchise Business Benefits
There are additional benefits of franchising that may not be clear right away, and they can have a huge positive impact on your business ownership dreams and greatly assist in your pursuit of business success and personal fulfillment.
1. Camaraderie and Cross-promotion
One of the most significant advantages of joining the Neighborly family is the built-in support network. Having a trusted partner gets even better when you consider the organic camaraderie and cross-promotion that takes place between more than 5,500 Neighborly franchises across nine countries that foster a strong sense of community and collaboration.
The root of Neighborly is to bring people together. It allows franchisees to use their customer base more effectively by cross-promoting within specific geographic areas. For example, a Molly Maid® owner might recommend a local Mr. Rooter® franchisee to a satisfied client or a Dryer Vent Wizard® owner may share some marketing tips that have worked for the market in your area. Whether troubleshooting a technical issue, sharing best practices, or seeking advice on business operations, the Neighborly network provides a supportive environment where franchisees can thrive.
2. Entrepreneur Risk Mitigation
Since Neighborly offers established franchises within the in-demand home services sector, you can breathe a bit easier knowing that many of these businesses are recession-resilient. Another way quality franchises like those offered through Neighborly minimize risk and ensure success is through ongoing education, training, and support that Neighborly staff eagerly provide.
The Merriam-Webster Dictionary defines risk as the “possibility of loss or injury.” The best way to mitigate risk in business is to rely on established processes and principles that have been shown effective over time so that negative outcomes are minimized as much as possible.
Trusting professionals who have "been there and done it" will enable you to be there and do it with your company objectives and vision. When choosing the best companies to franchise, considering a Neighborly brand franchise with brands that are consistently named on Entrepreneur’s Franchise 500, is a great place to start.
3. Find Your Calling Within a Home Services Franchise
When you explore your options with Neighborly, you'll learn the business model and service industry that works best for you. There is no shortage of options when it comes to choosing a business model or brand. That's why the key to successful business ownership is finding the right fit for your expectations, talents, and dreams.
Industries like property management may appeal to real estate agents, property managers, and investors because they offer a recurring revenue stream. When properly maximized through economies of scale and strategic vendor partnerships, this type of revenue can help new franchisees who must watch their cash flows carefully. On the other hand, entrepreneurs who are more interested in pest control, lawn maintenance, or property repair may find those businesses more interesting and enjoyable. Knowing what works for you is an important part of owning a successful business.
Is a Neighborly Franchise Right for You?
Being a franchise owner isn't for everyone, but if you feel your entrepreneurial spirit is ready for this rewarding challenge, then it may be time to consider a popular Neighborly home service business.
Take our Franchise Brand Quiz today to discover what brand may be your passion. You can also get your franchise questions answered by taking your first step on your entrepreneurial adventure of a lifetime.
