Military Service Offers the Perfect Foundation for Franchise Ownership
Military veterans have different reasons for deciding to serve. For some, it’s to serve their country or continue a family tradition; for others, it's for the benefit of using the GI Bill for college education. The reason to join the service has everything to do with individual motivation.
During the first few weeks in the military, veterans experience discipline, consequences of action, organization, and are introduced to the requirement of attention to detail, as well as teamwork. Marching and formations, uniformity, bunk and barracks inspections, physical training (PT), training evolutions, and field day (cleaning) all play important roles and for most, are completely foreign concepts and experiences. Cumulatively, these things either motivate people to learn - or to quit.
Military service creates an unmatched level of responsibility and leadership training - most of which is gained at a much earlier age than in civilian sectors. Veterans have relevant experience with the skills required to make a franchise business a success. Motivation, attention to detail, leadership, and ability to follow procedures make vets perfect candidates.
Typically, the only tangible barrier to their success in franchise ownership may be funding. However, the M5 loan program provides active and recently retired veterans up to $150,000, with reduced qualification requirements, removing that potential barrier. As your Certified Franchise Consultant (CFC), I can connect you with funding partners who specialize in this program. Contact me for more information.
paul@thefranchiseconsultingagency.com / 410.844.2774 (call or text)
5/31/2022