Honoring Veterans and their Contributions to our Country
With 17.4 million veterans in the United States, chances are you have at least one family member you give a special thanks to every November 11th....
"Go into business for yourself, but not by yourself."
-VetFran
If you are a veteran, you have many unique life experiences that may give you a strategic advantage when it comes to starting and managing your own franchise. Proven leadership, adaptability, the ability to follow orders (in this case, a franchise system), and an innate drive to succeed can give veterans an edge operating within the guidelines of a franchise business model. In fact, 14% of all franchises are veteran-owned, despite veterans comprising less than 10% of the total U.S. adult population. This Veteran’s Day, in honor of our country’s past and current brave service members, we would like to highlight some facts around veteran-owned franchises.
Military Experience and Franchise Ownership
The military experience is a perfect fit for many people. With proven adaptability and respect for standards and procedures, they thrive in the established chain of command and structure that the military provides. So, when military service comes to an end, many veterans are highly sought after for their years of leadership and command skills, which is why starting a franchise can be an excellent way to transition to a post-military career. These skills are easily transferrable and can be leveraged in a franchise business.
Much like the direction you received in the military, owning a franchise will allow you to utilize an established business plan to guide you through setup and execution. And, with franchises for veterans available in almost every market sector, no matter your interest, there is sure to be a franchise out there that will be a great fit for you.
Translating Military Experience to Franchise Ownership
Your time in the military gave you proficiencies that can directly translate into a successful franchise business.
As shown, many aspects of franchise ownership and military service require a similar set of skills. By leveraging the training and abilities you learned while serving our country, you can be effective and successful at starting and running your own small business. FranFund has partnered with VetFran to help veterans get started in franchising, and many franchisors offer discounts to veterans through VetFran as well. To learn more about how to get started, reach out to FranFund’s expert team to learn how we can provide you with the best funding option for your individual needs and goals.
FranFund designs flexible funding plans that help new and experienced business owners fund their franchises. We have a powerful and accurate pre-approval process with a 99% success rate in obtaining loans for borrowers who received FranFund pre-approval! In addition, we offer ongoing support and make sure our clients know all of their options for funding single units through multi-unit expansions, including SBA loans, conventional lending, and retirement plan funding.
Ready to get started? If now is the right time, complete our Funding Assessment, and we’ll schedule a free consultation to review your business funding options.
With 17.4 million veterans in the United States, chances are you have at least one family member you give a special thanks to every November 11th....
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