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2. Various Franchises Facts
Why Veterans Fare Well In Franchising
Military Experience and Franchising
Financing for Veterans
Types of Franchises to Consider
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3. Military Experience and Franchising
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Your military experience can offer a solid set of
skills and experiences that are likely to help you
run a successful franchise business. Veterans
usually have good management expertise, as well
as strong decision-making skills. In addition,
veterans are usually familiar with operating in a
structured manner. The ability to function in a
structured manner is a must for operating a
franchise and veterans are thus at an advantage
over civilians.
4. Types of Franchises to Consider
There are certain franchises which are better-
suited for veterans than other systems. Some
basic tips to find out which are better for you
are…
Consider franchises that are related to your active
duty experience. Some examples of franchises
that veterans are usually interested in include
gymming franchises, hotel franchises, repair
franchises, and lawn care franchises.
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5. Financing for Veterans
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Obtaining financing for a franchise is typically
easier than for starting up a new business since
the franchise already has a proven history to take
to the bank. In addition, funding tends to be even
easier for veterans to come owing to Veterans
Transition Franchise Initiative (Veteran).
This voluntary program allows franchise
companies to offer financial incentives to
honorably discharged veterans who are
purchasing franchises. These incentives are
presented by almost 200 companies that are
members of the International Franchise
Association (IFA). The premise is to lower startup
costs for these veterans who may not have much
money as they leave the service. Some companies
waive or reduce initial or training fees in order to
assist the veterans in getting started.