Just in the past few years alone, nearly a quarter of a million veterans have entered the franchising industry with some 5,000 of them becoming franchisees, running their own businesses successfully. Others have successfully become franchise consultants, as well.
While franchising can be for anyone, veterans have excelled and found success in this sector due to a strong, experienced background rooted in military experience. After all, who would you rather work with — someone with an innate sense of duty and a strong work ethic or someone who has yet to prove their mettle?
According to recent studies, there are many reasons veterans are finding success in the franchise sector. A few of these are:
1. Veterans return with strong leadership skills and teamwork experience and they are able to translate these experiences into their careers successfully.
2. Franchises provide a proven (and highly structured) business system and require the franchisee to follow a specific plan to become as successful as previous franchises. As you can imagine, veterans have extensive experience in carrying out structured plans and following directions from those who have already been successful.
3. Just as there is extensive training prior to actual military deployment, franchises provide lots of training to make sure the franchisee is able to be successful before letting them open their own franchise. There is, in other words, an action plan in place.
For veterans considering the franchise model, the first step is finding a franchise that fits their passions and has the same core values as them. Next they need to look at things like net worth and the capital needed to open a franchise or to become a franchise consultant. Getting started is easy. Contact us and we’ll help guide you through the process.
Finding and starting a new career is always difficult. For veterans, franchising is an industry where they can use their strong background and military experience to find success.