Franchising, a cornerstone of American business, offers a unique opportunity: the chance to own a business with a ready-made blueprint and unwavering support. By Rose Mango
Franchising, a cornerstone of American business, offers a unique opportunity: the chance to own a business with a ready-made blueprint and unwavering support. Rather than starting from scratch, franchisees step into established small businesses with proven systems and guidance from franchisors. This model empowers them to be their own boss, charting their growth path with expert backing.
In the U.S., franchising is a powerhouse, contributing nearly 7.6 million jobs and 2.5% of the GDP across diverse industries and formats. Veterans, who constitute about 7% of the population, have long gravitated toward franchising, and the numbers reflect this preference, with 14% of franchisees being veterans. This trend goes beyond ownership; veteran franchisees tend to hire fellow veterans, and 65% of franchisors report an increase in hiring veterans.
Why do veterans excel in franchising? Their military experience equips them with potent leadership skills and a deep understanding of teamwork. Military service hones the ability to lead, motivate, streamline processes and achieve mission objectives, skills that seamlessly transfer to the franchise world, where collaboration is paramount.
The military’s emphasis on executing precise systems and following established procedures aligns perfectly with the structured nature of franchises. Veterans bring loyalty, discipline and commitment to their roles as franchisees and employees, ensuring success by adhering to proven models.
Moreover, franchisors offer comprehensive training programs akin to military training, equipping veterans with the skills necessary for success in a new field. This training, combined with the franchisor’s business model, increases the likelihood of triumph in uncharted territory.
If you’re a veteran with entrepreneurial dreams, the franchise world welcomes you with open arms. Your unique qualifications and readiness make you an excellent candidate for franchise ownership. Furthermore, franchisors, spurred by initiatives like VetFran, actively seek veterans to join their ranks. VetFran connects both franchisor with potential franchisee veterans to set the path for a successful and bright future. The opportunities are abundant, and your journey as a successful franchisee awaits. Contact VetFran today.
Rose Mango