If you are feeling stuck in your current job, you’re not alone. According to a survey of US workers, only 33% reported feeling engaged at work. Concerns about the trajectory of your future can also be a strong motivator for seeking a career change. So whether you're approaching midlife, nearing retirement, or simply dreaming of a fresh start, now is a great time to explore a career change that puts you in charge.
Often, making a change is about more than simply wanting something different; it’s driven by deeper motivations and the desire for meaningful improvement in your life. As you explore a career change, it’s important to consider new jobs and opportunities that align with your goals and values. In fact, in today’s challenging labor market, more and more people are finding fulfillment in franchise business ownership.
For many, franchising can serve as a viable and rewarding second career path. Not only does it offer a smart way to take control of your schedule and your income, but it is also an opportunity to build a legacy and take control of your future. Read on to learn how investing in a franchise with Neighborly® can offer flexibility, income potential, and a fulfilling new career path.
Why Franchising Makes Sense at Any Age
If you’re considering a career switch at 40, exploring new careers after 50, or even looking for a 2nd career after retirement, you’re in good company. According to Pew Research Center, Americans today are increasingly seeking purpose-driven careers with better flexibility and a higher sense of fulfillment. The problem is that such careers can be in very short supply, with corporations demanding high productivity for low pay, rigid schedules, and sometimes initiating mass layoffs. Working for a single company into retirement is no longer a common occurrence.
Under such circumstances, it’s no surprise that today’s professionals are craving better work-life balance, more flexibility, and a permanent escape from the limitations of traditional employment. This is true whether you are just starting out in your career or have invested in it for decades. No matter where you are in your employment journey, if you’ve ever asked yourself, “What is a good second career?” Franchising may be the answer you’ve been looking for.
If you are contemplating a career change, it may be time to reflect and ask yourself key questions about your goals, values, and what you want from your next step.
Is Franchising Right for You? The Benefits of Franchising as a Second Career
Changing careers is a big step, and for many career changers, it can feel both exciting and daunting. If you are considering becoming your own boss as a new career path, franchising can offer a way forward that combines entrepreneurship with the kind of structure that is ideal for professionals looking to pivot into a new career. This can be especially true when you choose to franchise with Neighborly.
Franchising can be a win-win for those interested in becoming their own boss. With access to proven systems, ongoing training, and a network of supportive peers, you’ll have the tools you need to develop your business and attract new customers. At the same time, it’s important to recognize that franchising requires a significant investment of time, money, and effort. You’ll need to be ready to take on new challenges, adapt to changing market conditions, and build strong relationships with your team and clients.
Here are just a few of the top benefits of franchising with Neighborly:
- Proven Business Model with Built-In Support: When you start a franchise business with Neighborly, you’re joining a brand with a tested system for everything from operations to marketing and more. That means instead of figuring it all out on your own, you can focus on growing your business while being backed by franchisor support.
- Instant Brand Recognition and Customer Trust: Unlike starting a business from scratch, a Neighborly franchise comes with a recognizable and respected brand name that can allow you to attract business more easily.
- Training, Coaching, and a Supportive Network: Neighborly doesn’t just hand you the keys and leave you on your own. Instead, we provide comprehensive and ongoing training, business coaching, and access to a national network of fellow franchise owners who are eager to share insights and ideas.
- Marketing and Technology Tools: From professionally designed social media and search ads to job and customer management platforms, a Neighborly franchise comes with modern tech tools you need to help you compete and grow your business. No need to figure it all out on your own.
- Flexible Schedule to Support Work-Life Balance: One of the biggest perks of owning a franchise is the ability to design your work around your life, not the other way around. Whether it’s spending quality time with family, a desire to travel, or a passion for volunteering, you can create a schedule that works around your personal priorities.
- A Pathway to Retirement and Legacy Building: Franchising isn’t just a job: it’s a long-term investment in your future. Many owners use their franchise business as a retirement income stream or plan to transition it to a child or family member. Either way, owning a franchise business means creating a lasting legacy for your future and for the next generation.
Hear from a few of our franchise owners on additional reasons why they decided to franchise with a Neighborly brand:
On the other hand, some of the challenges of franchising may include:
- A significant investment of time, money and effort is required to launch and continue growing your business
- The need to stay flexible and adapt to evolving customer needs and industry trends
Ultimately, deciding to change careers and pursue franchising is a personal choice that depends on your unique circumstances, interests, and goals. By conducting a thorough self-assessment, staying focused on your priorities, and seeking advice from professionals, you can make an informed decision about your next steps. With the right mindset, training, and support, you can build a successful new business and enjoy the freedom and fulfillment that comes with being your own boss.
Ready to learn more? Explore our Franchising 101 page.
Why a Home Service Franchise Business Model Is a Smart Investment
When it comes to choosing a franchise, it’s important to do your research and choose an industry that is both in-demand and growing. A home services franchise is a great choice because essential services like HVAC, plumbing, landscaping, and electrical are almost always in demand. That means home service franchises can be far more recession-resilient than other businesses and often become key members of their local communities.
Neighborly is home to 19 trusted brands and a supportive network of franchise owners who are empowered to grow successful, impactful businesses. With our help, you can go from employee to entrepreneur, even if you’ve never owned a business before. Many people find that their previous experiences have led them to consider franchising as a new opportunity. The knowledge and skills you already possess can be valuable assets as you build your new business.
Need help making the mental shift? Check out our article: How to Become Your Own Boss: Embrace an Entrepreneur Mindset to help you further your understanding on how to adopt an entrepreneurial mindset.
How to Achieve More Earning Power and Better Work Life Balance
One of the most exciting parts of franchise ownership? No limits on how much you can grow!
In a traditional job, your paycheck and career trajectory are limited by position, tenure, or someone else’s budget. Trying to get even a small raise each year can be next to impossible, even as the cost of living continues to skyrocket.
Compare that to being a franchise owner, where your income is often directly tied to your effort and success. While the early stages of business ownership require a lot of hard work and hustle, the long-term rewards can be absolutely game-changing. In time, you could find the kind of financial independence and opportunities for wealth-building you might have never seen as someone else’s employee.
How to Overcome Common Fears of Changing Careers
Starting something new, especially during or after mid-life, can feel intimidating, and having a lot of questions and uncertainty is entirely natural. Embracing the challenge of overcoming fears and limiting beliefs is a necessary step for growth during a career change. Let’s address some of the most common fears that new entrepreneurs may face:
“Am I too old to do this?”
Absolutely not. Franchising is one of the best second careers because it values experience over age. As a business owner, you can truly leverage all of your valuable skills and experience.
“I don’t know how to fund it.”
You're not alone. Listen to our free Financing a Franchise 101 Webinar to explore your options, from SBA loans to retirement rollovers.
“What if I fail?”
Any new business venture includes some risk. But according to recent data, many failures stem at least in part from lack of planning and support. That’s why Neighborly offers tools, coaching, and a full network to back you up. And having an emergency fund can ease the transition too.
At Neighborly, we believe that no one should pursue entrepreneurship alone. That’s why we offer our comprehensive Franchise Ownership Guide as well as a wealth of other resources. We’re here to help you understand how to change your career path, discover your next opportunity, and build something that lasts.
Your New Chapter Starts Now: Unlock Your Path to Franchise Ownership
If you're ready to explore the best jobs for a career change, or you're wondering how to start a franchise that aligns with your life and goals, Neighborly is ready to help you take that next step! To get started, download our Entrepreneur’s Guide to Personal and Financial Freedom and start building your next act with support, flexibility, and financial potential!
Do you want to dive even deeper? Have a discussion with a Neighborly expert – these conversations can help you demonstrate your qualifications and break through common barriers like job description and expectations.
You’ve already built a career. Now it’s time to build your legacy with Neighborly!
