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Outsourcing work that needs to be done on their homes, whether it be on the outside or inside, is something many time pressed Americans are doing. They realize that doing so ends up enabling them to use their limited time to do more fulfilling things such as seeing family and friends or enjoying a hobby.
Home services, which is made up of a variety of verticals including plumbing, landscaping, pool service, painting, decorating, cleaning, home repair, and more, is currently a $600 billion market. Its growth is being driven by a variety of factors including:
You could start a home services business on your own. But it will likely take you longer to achieve success than it would if you choose to invest in a home services franchise. This is because the franchisor has developed a proven system that you can simply execute after going through their training program and with their ongoing support.
You'll receive your franchisor's support in a variety of crucial areas including training and operating procedures as well as marketing. You'll be in business for yourself, but not by yourself.
To increase your chances of being successful as a home services franchise, it's important to adhere to the franchisor's established guidelines. If you are someone who has a difficult time following a system established by someone else, franchising is likely not a good fit for you.
Another advantage of investing in a home services franchise is that you do not necessarily have to have the technical skills the business requires in order to run it successfully. That's because the franchisor will teach them to you or the business model enables you to outsource the actual work to others. In fact, most franchisors prefer to bring entrepreneurs on board who have a good business head on their shoulders as well as great interpersonal skills so they can grow a team who does the actual work that they manage.
The demand for home services is strong and will continue to be. It's a market with consistent need.
Not all home services franchise concepts are created equal. Brand recognition, startup costs, market demand for the product or service, franchise fees, potential revenue, and contract provisions are just some of the factors you should carefully consider.
Sorting through the variety of home services franchise opportunities that are available to identify which one is most likely to meet your financial and personal objectives may initially seem overwhelming. Doing extensive due diligence including reviewing the Franchise Disclosure Document (FDD) and talking to franchisees of franchises you are interested in, however, helps you narrow your focus and greatly increases your chances of selecting the ideal franchise for you.
A home is one of the most valuable assets for most families. By helping families to maintain and improve their homes as a home services franchisee, you will be saving them time while giving them peace of mind.