Why Veterans Make Good Franchise Owners
In my nearly two decades in franchising, I have had great opportunities to meet, work with, and learn from various franchise owners. Many of these successful franchise owners are military veterans and more often than not, are among the most qualified candidates for franchise ownership. This should come as no surprise as their military training instills the necessary combination of discipline, grit, self-sacrifice, and leadership – all of which are instrumental in running a successful business.
Veterans contribute significantly to the franchising community. While veterans account for only 7% of the American population, they account for 14% of the franchising network, as franchising has proven to be an ideal structure for veterans to become leaders in the US economy.
Veterans make great franchisees
First and foremost, veterans make great franchisees because they are accustomed to adhering to established systems. The military has a well-defined set of rules and guidelines that all members must follow, and while franchising is not nearly as rigid or restrictive as the military, it has been demonstrated time and time again that the most successful franchise owners excel in their businesses by adhering to a working, routine system. Precision in executing systems and following procedures is emphasized in military training, and in the franchising world, translates to success.
Next, veterans commonly develop a firm grasp on what it means to be a leader. This is instilled in them during their time in the military and rolls over when veterans become franchise business owners. Veterans are experienced in managing people, which equips them to be excellent communicators. They also have a strong understanding of goals and how to achieve them – all of which are crucial to franchise ownership. The most successful franchisees naturally assume a true leadership role within their organization rather than becoming ‘stuck in the weeds’ of day-to-day operations. As with the military, successful franchisees and employees work seamlessly as a team to accomplish an overarching mission.
In addition, veterans have a natural inclination to work hard. Serving in the military requires a high level of drive and commitment that is needed to succeed in business ownership. Starting a business of any kind is hard work…harder than most realize, but veterans possess a unique, demonstrated ability to ‘carry the load’. The military receives extensive training and teaches highly specialized skills that are used to perform highly specialized tasks. This means that a veteran can enter a new field and increase his or her chances of success by following the franchisor’s proven business model and completing the comprehensive training program.
Veterans also have a great ability to work well under pressure. While being in the military takes risk-taking to a new level, this is commonplace in the day-to-day of business ownership as well, you must be able to take risks to succeed. Starting and running a business can be stressful, challenging, and time consuming, and it has proven time and time again that not just anyone is cut out for the job. However, veterans are (quite literally) veterans in handling overwhelming situations – and are well equipped to overcome nearly any challenge or obstacle. This is the foundation of what a veteran is taught during their years of military service, and it serves them well in their franchise endeavors.
Lastly, veterans possess a ‘teamwork makes the dream work’ mindset. In the military, one of the most important skills to have is the ability to work as a team for an overarching mission. The will to sacrifice your life for the greater good of the country is a unique quality that only military veterans can say they have, and the bond this forms between members of the military is unbreakable. This allows for a high level of communication and collaboration, and makes veterans that much more capable to be a franchise owner. If you are looking for a franchisee that knows how to lead, but also knows how to take a step back and work effectively with members of their team to achieve measurable results – look no further than the brave veterans who have sacrificed so much for our country and will do the same for their business.
VetFran Membership Shows a Commitment to Hiring More Veterans
The International Franchising Association (IFA) takes seriously its mission of assisting and hiring veterans, most notably through the Veteran Transition Initiative (VetFran). VetFran is a network of over 600 franchise systems located throughout the country that has assisted over 6,500 veterans and military spouses in acquiring a franchise business. VetFran enables veterans to transition from selfless service to selfless service in their communities.
The path to business ownership should be straightforward following distinguished service to our country, which is why bluefrog Plumbing + Drain offers qualified US veterans a 7% discount on our franchise fee through our participation in VetFran.
A blueFrog Plumbing + Drain franchise is a low-cost investment opportunity offering high growth potential. Join this fresh new brand as it spreads throughout the nation in 2022 and beyond. Standard franchise costs range from $109,730 to $361,015 — or $37,230 to $203,515 for a conversion franchise — much less than the usual plumbing franchise brands due to the lack of brick-and-mortar expenses.
For in-depth details about the blueFrog Plumbing + Drain franchise opportunity, fill out a free franchise information request form or learn more by calling 877-697-6110.
BIO: Mike Mushinski is the president of bluefrog Plumbing + Drain, based in Waco, Texas. Mike has more than two decades of experience in franchising and a proven track record of helping companies grow profitably.