Industry News

Terry Powell of The Entrepreneur’s Source | Franchising Offers Viable Career Opportunity for Today’s Military Veterans

As military veterans transition to civilian life, they face a tight employment market with a saturation of willing candidates. To help military veterans take control of their professional career and future, franchise business coaches with The Entrepreneur’s Source, the nation’s leading career and franchise business coaching network, share why franchising is a viable option for today’s veterans looking for a sufficient way to achieve their desired Income, Lifestyle, Wealth and Equity™ goals.

“As they return stateside, our service men and women should ride the crest of the economic recovery by taking advantage of franchise business opportunities,” said Terry Powell, founder of The Entrepreneur’s Source. “Franchise ownership provides an established, proven business model, ongoing training and support and an ideal structure for returning veterans to smoothly transition back into civilian life and the working world.”

Due to their training and discipline, countless military veterans have found franchised businesses to be a perfect fit for their skills. In fact, one out of every seven franchise businesses are owned and operated by veterans of the U.S. military, according to a recent study from the International Franchise Association (IFA). There are more than 66,000 veteran-owned franchise businesses in the US which provide jobs for 815,000 Americans and generate more than $41 billion in GDP. In fact, since November 2011, when the IFA launched its Operation Enduring Opportunity program, more than 64,000 veterans started careers in franchising, including 4,300-plus new franchise business owners.

“With prescribed operating systems, franchises are a natural fit for military veterans who are trained to follow standard operating procedures,” Powell added. “Besides being coachable and comfortable in a structured environment, veterans offer the ability to make decisions. All franchisors seek these qualities in franchise candidates, making veterans an ideal choice.”

To attract qualified veteran candidates, many franchises offer incentives, such as reduced investment fees, through the VetFran program, an initiative led by the IFA to help veterans transition from the military to the business world. Special financing options are also available to military veterans interested in getting started in small business ownership, such as the Patriot Express program offered by the Small Business Administration (SBA). This loan program streamlines and expedites loans, and includes additional assistance from the SBA and its partners in obtaining financing.

For more information on franchise opportunities with The Entrepreneur’s Source visit http://www.theentrepreneurssource.com/discovery/