Insider Media’s Post

If you have a home, you have a need for home services.    We’ve long recognized that the home services industry is a highly resilient. But with the rise of private equity, there’s a new energy behind our industry that’s bringing business opportunities to new heights.    A recent The Wall Street Journal article highlighted a new class of millionaires emerging from the trades—plumbing business owners, HVAC business owners, and other skilled trade entrepreneurs who have turned their expertise into thriving businesses.     At Neighborly®, I’ve had the opportunity to witness this firsthand in our Repair brands. Entrepreneurs who start with one franchise end up building a legacy, all while providing essential services that keep our homes running smoothly.    Check out the full article for more details on the growing success of trades businesses: https://lnkd.in/gCaJabsJ     Ready to join a thriving industry, backed by the expertise of the hub for home services? Explore business opportunities with a Neighborly brand: https://lnkd.in/gs54xvs7    #HomeServices #BusinessOpportunity #Franchising #Neighborly #HVAC 

This article in the The Wall Street Journal is so VERY interesting for several reasons. Private Equity money isn't a new concept within the HVAC trade because I'm old enough to remember similar investors buying HVAC and plumbing outfits as much as 30 years ago ... what's different is that it's now called "Private Equity" and most importantly, the most recent investors have a better understanding of the trade as well as having a long term business plan. What is equally interesting is that this article is posted here on LinkedIn by Scott Mendal, someone who is an entertainment and sports marketing executive and it came into my feed because Eric Flatt of NHRA: Championship Drag Racing reacted to it. I have been preaching here on LinkedIn as well as practicing what I preach that ... MOTORSPORTS SPONSORSHIP SELLS EQUIPMENT / PRODUCT!

💡 America’s New Millionaire Class: Plumbers and HVAC Entrepreneurs The path to wealth is shifting, and it’s not just tech giants and financiers at the top. A new wave of millionaires is emerging from the skilled trades, particularly in plumbing and HVAC services. Here’s why: 1. High Demand: These services are essential, and with aging infrastructure, climate extremes, and rising homeownership, demand continues to soar. 2. Skilled Labor Shortage: A gap in qualified workers means those in the trade can charge premium rates and face less competition. 3. Entrepreneurial Growth: Many plumbers and HVAC professionals are scaling their businesses, expanding into multi-million dollar enterprises. 4. Tech Advantage: Digital marketing, customer management tools, and advanced tech are helping tradespeople grow faster than ever. As perceptions of trade careers evolve, it’s clear these skilled entrepreneurs are a vital—and increasingly wealthy—part of America’s future economy. 💼🚀 #Entrepreneurship #SkilledTrades #BusinessGrowth

The other day I sat on a plane to Palm Beach from NY in first class with a very wealthy guy. Superbly bright, kind and polite. One of the type of guys that is described in this article. He was a home builder. His service dog was a gem. We became friends. I remember having a dialogue at a luxury hotel about 10 years ago with a young associate who was 24. I thought he was so bright, so I tried to inspire him to finish college so he could rise up the corporate ranks. He wasn’t buying my infinite wisdom. He was polite, but he made his intent clear, with pride: “I am only doing this until I earn my plumber’s license. Then, I am going to make $120k to start” Then, he boldly predicted: “I am going to start my own business, scale it, and become a multimillionaire” I was so narrow minded. America really is the land of opportunity. The trades, where physical labor is often required, are one of the off-the-beaten-path sources of wealth. Real wealth. Private equity is rolling up all kinds of professions, from local medical offices, to heating/air conditioning/refrigeration brands. Entrepreneurs get to cash out. Whether roll-ups are good or bad I will leave to others to judge. One thing is clear: wealth can be found in many places without a college degree in America. That’s awesome! These new generations have zero stigmas. They are going for it in Free America. Follow your own path to wealth. Respect!

It's simple really; an UNtraditional approach, an attractive business model, and an incredible COOLTURE are what made us the number ONE real estate franchise on Entrepeneur's 45th annual Franchise 500. Number ONE. It's in the name. Learn more and join us today at: JoinROGLeaders.com (link in bio) - #realty #brokerage #realestate #listing #Realtors #realestate #mansion #foreclosure #househunting #luxuryliving #homegoals #housegoals #investmentproperty #broker #realestateagent #chicago #chicagorealestate #comandis #homeforsale #renovated #condo #dreamhome #fixandflip #turnkeyinvestment #justsold #selling #townhouse #houses #houseforsale #forsale

Look out, Central Coast! I just got my hands on the secret to becoming the greatest agent—thanks to Baraka Leporte’s golden locks! 💇♂️ But seriously, the man’s got a fresh new cut and a brand new business, @leporte_property, and he’s already crushing it. 🚀 With Plum Partners backing him up, he’s taking his brand to the next level, and trust me, you’ll want to know how this could work for you too. Want to build your own empire? DM me and let’s have a chat about how we can make it happen! 💬 #RealEstate #PlumPartners #EntrepreneurLife #BuildYourBrand #PropertySuccess

An extra yawn one morning in the springtime, an extra snooze one night in the autumn is all that we ask in return for dazzling gifts. We borrow an hour one night in April, we pay it back with golden interest five months later. ~ Winston Churchill DAYLIGHT SAVING TIME Ends today! #daylightsavingsends #fallback #GloverFranchising #StartupAdvice #FranchiseOpportunities #SmallBusinessSuccess

👏The Wall Street Journal recently released an article stating that Plumbers and HVAC Entrepreneurs are the new millionaire class! 🎯We know that your customers will always need these services and that there is so much opportunity for businesses in the industry, including the next generation that are just starting out. What are your feelings on the article? 🔥Read the full article here: https://lnkd.in/e3VzCr44 #WallStreet #HVAC #Plumbing #entrepreneur #business

Great article in the WSJ highlighting how "Private equity is pouring money into skilled-trade small businesses". It is prevalent in both the franchise and non-franchise business world and solid service based businesses are being snapped up by PE groups seeking their next acquisition. Many of these service based businesses have proven themselves to be recession resistant, COVID resistant, and financially successful no matter what is going on in the world or with the stock market and this makes them attractive. I am reminded of the booked called the Millionaire Next Door in which they share (I paraphrase) how many of the wealthy own service businesses and drive F150 pick-up trucks. Personally, I think there is something very sexy about non-sexy service based franchise opportunities!

Great article explaining how “the Gold Rush of Skilled Trades Businesses” are making it’s entrepreneurial owners millionaires!