Why Franchising Opportunities Are a Perfect Fit for VeteransPosted by Franchising Magazine USA on June 17th, 2023  Did you know that one out of seven franchises in the US is run by a military veteran? This should come as no surprise, considering their inherent leadership qualities and discipline. After serving the nation honorably, veterans look for different avenues to transition their career paths, which often lead to starting a business. That’s why there are so many veteran-owned businesses in the US. Why start a business from scratch when you can own a franchise, especially when there are great franchising opportunities for veterans in the US? (Source: https://www.vetfran.org/opportunities-portal/faq/) Source: https://www.census.gov/library/visualizations/2021/comm/veteran-owned-business.html First, let’s explore why owning a franchise is perfect for veterans, or rather why so many of them are attracted to this business model. Why the Franchise Model is Perfect for Veterans? Life after service is about transitioning into a career path where you can utilize all the skills you learned while on active duty. Let’s understand how the franchise model does that for the veterans. - Franchising model is quite similar to the military. The franchisor remains in the chain of command, setting up the business plan and regulations. The franchisees, on the other hand, have to follow and execute them for success and growth. Since veterans are already good at following a chain of command, the transition is smooth, and they excel in business. It is similar to following the military code and working within a pre-established system. - Even under a chain of command, the franchisee can run the business independently and take important decisions to increase sales. It gives veterans who are looking for a successful entrepreneurial career a sense of accomplishment. If you notice, it works similarly in the military. - It is essential for franchise owners to have a strong will, like in the military. Situations arise where they might have to take charge of resolving an issue or business challenge. - Discipline is the key to success in business. Now, that’s something a veteran has ingrained in the psyche. They have to stick to a budget while paying the bills and maintain a schedule for business hours, which requires discipline. As clear from these observations, veterans are most likely to find a certain level of comfort in owning a franchise business after discharge. What are the top 10 American franchises for Veterans? Now, let’s take a look at the top 10 American franchises that you can buy as a veteran:
If you are recently discharged from active duty and are looking to start a business, these brands offer the best franchising in the USA. (Source: https://www.entrepreneur.com/franchises/directory/top-franchise-veterans-ranking) Wrapping Up Hopefully, this article was able to provide you with some great pointers as to why franchising is a better fit for veterans. For more industry-related news and updates, subscribe to Franchising Magazine USA, the most trusted franchise directory in the USA. Like it? Share it! More by this author |