VETERANS AND FRANCHISING

1. Leadership Experience: Veterans possess strong leadership skills that drive business growth and motivate teams effectively.
2. Strong Discipline: Their military background instills discipline, crucial for staying focused and productive in the entrepreneurial journey.
3. Ability to Build a Team: Veterans excel in teamwork, fostering strong bonds and higher performance levels among team members.
4. Performance Under Pressure: Veterans are well-equipped to handle the stresses of entrepreneurship, having faced high-pressure situations in their military service.
5. Understanding Sacrifice: Veterans grasp the concept of sacrifice, making them resilient in overcoming challenges and dedicating themselves to the success of their businesses.

These attributes contribute to their success in franchise ownership, offering a unique advantage in the business world.

Veterans and franchising have long been a match made in entrepreneurial heaven. While veterans represent around 7% of the population, a remarkable 14% of all franchisees in America are vets. This isn't just a statistic; it's a testament to the exceptional mission-driven mindset veterans bring.

The latest statistics from the U.S. Census Bureau reveal that 1 in 10 U.S. business owners are military veterans, and it's no surprise why: they excel when building their own businesses. 

Military service equips veterans with invaluable skills like leadership, teamwork, and adaptability. These qualities align seamlessly with the structure and systems of franchising, where success hinges on executing proven procedures with precision. Franchise businesses offer comprehensive training, mirroring the rigorous skill development veterans undergo in the military, ensuring a smooth transition into a new field.

Many franchise companies require a liquid capital investment, which can include cash, securities, 401K (without tax penalties), or home equity. The minimum requirements usually include:

· A minimum of $25,000+ in cash

· A reasonable credit score

Enter VetFran, founded in 1991 as a strategic initiative of the International Franchise Association (IFA) and the IFA Foundation. VetFran's mission is twofold: to educate both veterans and franchisors about the unique synergy between veteran skills and franchising, and to facilitate veterans' transition into franchising by encouraging franchisors to offer discounts and incentives. With veterans driving 14% of all franchise businesses and more likely to hire fellow vets, VetFran is dedicated to expanding these numbers and connecting talented veterans with abundant opportunities in franchise business ownership.

If you're a veteran ready to embark on a new journey, franchising may be your pathway to success. Explore franchise opportunities today.