Leaving the military and rejoining civilian life can be a major adjustment for veterans. Some return to the jobs they used to do, trying to recreate their old lives. Others, looking for new challenges, may go back to college, or technical school to prepare for a new career. Still others may decide to start a business.
Someone who’s served in the military for decades may not be familiar with challenges of running a business, never mind starting one from scratch. That’s why many veterans who want to be business owners opt for buying franchises. When you buy a franchise, the franchisor gives you a proven step-by-step plan to follow and provides extensive training. You learn all about the product or service you’ll be selling, as well as the best way to run the business.
Plus, it’s a faster way to get started making money. Many veterans are older and don’t want to waste time getting started on the next stage of their lives, so they appreciate this efficiency.
International Franchise Association (IFA) created its VetFran program to foster the growth of veterans in franchising. According to IFA stats, veterans own 14% of all U.S. franchises. The organization believes that it’s the skills veterans learns during their military service that helps them succeed in franchising. The U.S. Small Business Administration has a Veteran Advantage Loan Program that helps veterans purchase their first franchise.
Many things that became second nature to you during your time in the miliary will serve you well as a franchise.
Deciding to buy a franchise is only the beginning. There are veteran friendly franchises in hundreds of different industries with thousands of different companies. As a new entrepreneur, how do you compare them to find the best veteran franchise for you?
Start by looking for a veteran friendly franchise. Hundreds of different franchises offer special incentives for veterans. Discounts range from waiving the franchise fee or reducing the franchise fee by 10-20% or several thousand dollars. Some franchises offer special financing for veterans. When talking to franchise representatives, be sure to let them know you are a veteran, and ask about any incentives they offer.
Keep in mind that even with the discount, some franchises may be out of your price range. You need to start the franchise buying process with a budget in mind—what you can afford to spend, and what you can afford to lose. Chances are your franchise will be a successful venture. But, on the off chance it isn’t, you don’t want to lose your home or your life savings over it.
While you share common traits and experiences with fellow veterans, you are your own person with unique likes and dislikes. Use your strengths and interests to help you decide the best veteran franchise for you.
If you love to cook, or have always dreamed of owning your own restaurant, there are many options available including quick service (fast food), fast casual, and fine dining restaurants.
Two Maids proven business model, the established systems its maids follow, and its recognizable name will give your business a head start in the industry.
Do you have programming or IT skills? You may want to consider something to do with repairing computers or developing websites.
Are you interested in the medical field? There are many franchises offering home health care services.
Are you good with your hands? Maybe something in the construction industry would suit you.
The best veteran franchise for you will be one that fits the life you imagine yourself leading. Want a flexible schedule? You will be better off choosing a franchise that doesn’t require a brick-and-mortar retail location. Home services franchises fit this bill since your work is done in the customers’ residences. Home services is defined as anything having to do with the renovation, redecorating, or maintaining someone homes, so there are a lot of best veteran franchises to choose from under this umbrella.
Cleaning services are a great option as the start-up costs are low, and the demand high. They don’t require a brick and mortar location, giving owners more flexibility in their schedules. Two Maids is a veteran friendly franchisee with a well-respected name. We have decades of experience in the residential cleaning industry and have developed systems and best practices that give us an advantage over our competitors. We are proud to offer veterans and active military personal 15% off our franchisee fee.
If you think buying a franchise is a better alternative than starting a home cleaning business on your own, contact Two Maids today. One of our franchise advisors will be in touch to answer your questions.
Wherever you are in the discovery process, our Franchise Development Team is here to help.
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