Transitioning military veterans seeking financial independence and future security are increasingly looking at franchising as a means of meeting these goals. New careers blossom as military veterans discover franchise opportunities. Franchising is an excellent way to become an entrepreneur, equally important, your own boss!
Entrepreneurship has two paths. According to the SBA, 50% of small businesses who choose to go it alone fail after five years. Conversely, small businesses with the support of a results-driven business model, common in franchising, reported 95% are still open after five years. Franchising taps into the collective power of training, coaching, technology, marketing, and operations support. Franchising has similarities to military life. For example, franchising is very organized and uses checklist daily. Moreover, franchising offers a sense of camaraderie with corporate staff and other franchisees.
The amazing qualities that develop from the military structure give an excellent skillset for individuals considering becoming a franchisee in order to start a new career. These qualities boost the ability for military veterans to succeed at franchising. Franchisors are very welcoming to transitioning military veterans.
Examples of Transitioning Military Veterans Qualities for franchising:
- Commitment to the mission as a team member
- Working within a given system
- On-going skills training
- Following a system
- Attention to detail
Top 5 Transferrable Transitioning Military Veterans Skills:
- Leadership Experience
- Self-discipline and focus on the task at hand
- Build great teams for the benefit of all
- Strong performance under start-up and ongoing stress of owning a business
- Understand sacrifice
Military training provides an Amazing toolset to build and scale successful companies!
There can be challenges to entering civilian life, for instance, finding a new career. A franchise advisor can assist you with the journey by offering guidance as well as coaching. A franchise advisor is available at no cost to you. They offer a system to leverage your adaptability, unmatched discipline, decisive decision-making under pressure, and the coveted tested leadership to identify ‘if’ franchise business ownership is right for you.
A franchise advisor then uncovers your military experience and skillsets’ transferability to find suitable franchise opportunities that meet your lifestyle and financial resources. Though starting a new business can be daunting, picking the right franchise can set you up for success with a proven business model, a network of support, essential business tools, training, and so much more.
- Next Steps: Take FREE Business Builder Assessment. SPOT-ON Instant results to leverage your skills as an owner. (5 min)
The free assessment is a great tool to begin your franchise story. If you choose to work with a franchise advisor, such as Scott Diener, You will never sign any contract or be charged fees. The franchisors compensate advisors for bringing them qualified candidates, similar to a real estate agent. In fact, you’ll pay the same franchise fee to the franchisor when you enter an agreement whether or not you work with a franchise advisor.