Learn how over 4,500 veterans control their destiny by owning their own franchise business. Our #1 goal is to help you build a secure future for you and your family.
Your service to your country has earned you benefits that can be applied to starting your own franchise business. Hundreds of franchise companies are available with discounts on initial fees and/or other special financing options to armed forces veterans.
Most franchise companies require a liquid capital investment which can be in the form of cash, securities, 401K (with no tax penalties), or home equity. The following are minimum requirements:
The latest statistics show that 1 in 10 U.S. business owners are military veterans (U.S. Census Bureau) and with good reason: they truly shine when they are building their own businesses. Here’s why:Â
Great leadership skills allow owners to develop solid growth, motivate their employees and deliver strategies impact the success of the business.
Veterans provide a selfless brand of leadership that inspires dedication and loyalty. Members of the military are often more prepared to take on the responsibility of supporting the numerous needs of their business and staff. Their leadership decisions impact the well being and attitude of their team members.
Being a business owner means having no boss to monitor progress or push you to stay focused. Business owners often wear multiple hats and require high levels of discipline to stay on track with their goals and meet the demands of a growing enterprise. When people think of veterans, discipline is always one of the first traits that come to mind, and applying this discipline leads to increased productivity and growth.
Teamwork and the ability to communicate and empower team members is critical for business success, however, it remains a challenge for many entrepreneurs. Veterans are strongly rooted in military culture and have a distinct advantage in this aspect with their previous experience in the military. Military experience puts premium on group performance and collaboration, makes them excellent connectors and team workers. This mindset contributes to improved outcomes in business settings.
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Business owners, new and old, face various types of pressure. These challenges include managing multiple responsibilities, responding to all kinds of emergencies, and the need to make swift decisions even without all the information available. Veterans are trained and well-suited to navigate high-pressure situations, having often dealt with various kinds of stressors and significant responsibilities during their period of service. The ability to remain focused and functional during stressful situations is a critical skill that can greatly benefit entrepreneurial efforts.
The early stages of any business is a period that requires significant sacrifices – long days and nights, time away from social life and family. This concept of sacrifice is not new to veterans and is, in fact, deeply ingrained in them, having experienced long periods away from loved ones on assignment. For many veterans, the sacrifices needed to ensure their businesses flourish can even seem relatively minor.
A deep understanding and ability to sacrifice is a core strength that many veterans bring to franchise ownership.
Because of these experiences and strengths, veterans are well equipped with the right mindset and skills to thrive in the business.
Using these strengths, and equipped with the right tools and resources at their disposal, veterans like you turn their entrepreneurial dreams into reality, and we are excited to support them on this journey.
Veterans, we are here to answer any questions and guide you through the Franchising process.Â
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