According to a recent study, there are over 2.5 million businesses in the United States that are owned and operated by veterans. This isn’t by accident; business ownership is a natural progression for many as they begin the transition from service to civilian life. Many of the skills that veterans learn during their military service are transferable and much needed in other occupations, including business ownership. Many veterans have found fulfillment and success by starting their own businesses through franchising.
During their time in the service, veterans learn the rigors of self-discipline and order. More importantly, they learn to appreciate them and after discharge, they often continue to live according to these strict principles. A successful business functions according to rules and regulations and adheres to a strategic business plan of action. This is especially essential for a franchise and is stipulated in the franchise agreement. A franchisee agrees to follow all the processes and procedures outlined in the franchisors’ Operations Manual.
Someone who owns and operates a franchise should always exhibit strong leadership qualities. For some people, this is an innate skill that is honed and developed through military service. Regardless of whether someone has served in the military, Leadership 101 underscores that being unified in pursuit of a common goal is essential for success. Many veterans have the predisposition to face the challenges that arise in their businesses. They have been trained in problem-solving and are quick to analyze challenges, consider their resources and the risks/rewards of different approaches, make decisions, and take measured action to resolve.
The business world can be one of the most stress-inducing out there. Veterans are trained to work under pressure and are trusted with essential responsibilities that impact multiple scenarios and individuals. In a world where things can be unpredictable, veterans can adapt, adjust, and overcome.
One of the fundamental roles of any business owner is seeking out and hiring the right people for the right job. This also means training them to be highly effective employees who understand and are ambassadors for the brand. Military recruits are drilled in the importance of teamwork and working together as a cohesive unit. Many veterans who enter the business world carry this skill with them, and it greatly contributes to the success and growth of their businesses.
At FranSave, we’ve helped many achieve success in the business world. For many veterans who are returning to civilian life, there is a myriad of opportunities to consider in the franchising world, and your skills are highly sought after. You could become a franchise broker/consultant, a franchisor, or a franchisee and make your mark in the business world. When it comes to formulating the right strategies and making the best decisions, your own opportunity awaits. Visit us at fransave.com to discover yours.
This information is not intended as an offer to sell, or the solicitation of an offer to buy, a franchise. It is for information purposes only. Currently, the following states regulate the offer and sale of franchises: California, Hawaii, Illinois, Indiana, Maryland, Michigan, Minnesota, New York, North Dakota, Rhode Island, South Dakota, Virginia, Washington, and Wisconsin. If you are a resident of one of these states, we will not offer you a franchise unless and until we have complied with applicable pre-sale registration and disclosure requirements in your jurisdiction. Franchise offerings are made by Franchise Disclosure Document only.