Why Franchising Is A Great Fit For Veterans
The Entrepreneur’s Source® reviews why franchising may be an ideal career path for veterans.
As military veterans transition to civilian life, they face a difficult employment market. To help military veterans take control of their professional career and future, Career Ownership Coaches™ with The Entrepreneur’s Source®, the nation’s leading Career Ownership 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 2.52 million businesses owned by veterans in the United States, according to the U.S. Census Bureau.
“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 from the Small Business Administration (SBA) for military veterans interested in getting started in small business ownership. These programs streamline and expedite loans and include additional assistance from the SBA and its partners to obtain financing.
For more information on franchise opportunities with The Entrepreneur’s Source® visit http://www.theentrepreneurssource.com/discovery/
Share this post:
Related Posts
Your Trusted Resource for Career Ownership Coaching™ for helpful hints, best practices, anything related to career ownership.
Why Your “Good Job” Still Leaves You Struggling
The Career Ownership Path to Real Financial Freedom You work hard. You show up every day. You’ve done everything right—got the education, built the skills, landed the job. Yet here you are, checking your bank account before buying groceries, putting off car repairs, and wondering how everyone else seems to be doing better. You’re not…
When the AI Bubble Bursts
Why Smart Professionals Are Building Their Own Safety Net You’ve felt it, haven’t you? That uneasy feeling when you read another headline about AI replacing jobs. You may have watched a colleague’s position get eliminated. Or you’ve seen your industry transform overnight. You’re not imagining things. The AI revolution is real, and for many professionals,…
When Your Biggest Fear Isn’t Your Own Retirement
When Your Biggest Fear Isn’t Your Own Retirement—It’s Your Kids’ Future You’ve worked hard your whole life. You’ve built a nest egg. You’re comfortable. But something is keeping you up at night, and it’s not your own financial future—it’s your adult children’s. If this sounds like you, you’re not alone. According to a 2024 Pew…