TL;DR
Brightway Insurance ranked No. 115 on Entrepreneur's list of Fastest-Growing Franchises in 2020, leaping 20 spots from the previous year. The company's success is attributed to its holistic support for franchisees and low-risk, high-reward business opportunities.
"We're honored to rank among the Fastest-Growing Franchises in the U.S. and Canada," said Brightway President and CEO, Michael Miller. "We've built a business around giving our franchisees holistic support so they can focus on providing expert counsel to their customers and building their business. That alignment with our franchisees has been vital to our success and our ability to grow our brand into one of the largest Personal Lines agencies in 11 years."
Brightway's low-risk, high-reward business opportunities allow people from a wide variety of backgrounds to prosper. A centralized team of experts provides training and support in areas including Customer Service, Accounting, Marketing, Distribution, Business Analytics, Carrier Appointments, Licensing, Onboarding, Training, Hiring and Retaining personnel. The company's signature after-the-sale service empowers franchisees to focus on new business sales and provides their customers the personalized service they deserve.
"Growth is what franchising is all about," says Jason Feifer, Entrepreneur's editor in chief. "And this ranking of the fastest-growing franchises offers insight into what industries are trending, which specific businesses are thriving, and what strategies are translating into success in the current franchise market."
Entrepreneur culled the list of fastest-growing franchises from its Franchise 500® list. Fastest-growing rankings are based on the number of new franchise units added in the United States and Canada from July 31, 2018 to July 31, 2019, as verified by Entrepreneur, with ties broken based on percentage growth. Brightway's position on the ranking demonstrates the brand's rising popularity with both franchisees and customers. See Brightway's profile on Entrepreneur.com.
Brightway Insurance is a national property/casualty insurance distribution company with more than $650 million in annualized written premium, making it one of the largest Personal Lines agencies in the U.S.
Brightway's focus is on producing Win, Win, Win outcomes for consumers by offering customized insurance solutions and for people wishing to sell insurance by providing business opportunities that span from single Agent to multi-unit enterprises. Regardless of the path taken, Brightway provides the support necessary to consistently outsell other insurance agents.
Brightway got its start in 2008 and has since grown to more than 900 people in 205 offices across 22 states serving customers in all 50 states.
In this story
This story was originally published in Franchising.com on March 17, 2020. Burnaze summarizes and links to the original reporting.
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