With over 1 million former military professionals forecasted to leave their assignment within the next five years to seek alternative ways of making a living, it is no surprise that the franchising industry is increasingly focused on how to accommodate these professionals. Unique skill sets and an ongoing ambition to serve make many veterans highly successful when placed in managerial positions such as franchise partnership where responsibilities and independent work ethics weigh heavily.
VetFran is a program growing in popularity that serves to help veterans become even more aware of their opportunities within the franchise industry, as well as of the perks and benefits that certain franchise systems offer to veterans seeking to become franchise partners. Connecting franchisors and veteran franchisees is thus the primary focus of the program. A study conducted by the IFA concluded that 66,000 franchise businesses owned by veterans supply 815,000 employee positions throughout the U.S. One in seven franchise locations is operated by a veteran franchise partner, and statistics like these emphasize the very real impact veterans have in franchising, as well as on the general economic wellbeing of the U.S.
Leaving one career behind in search of another is often an adventure mixed with challenges for just about anyone. Veterans face their own unique set of challenges and the scope of talents and acumen they bring to business management is just part of the reason for their success in franchising. Franchising offers an excellent opportunity for individuals leaving one dedicated post for another the chance to embrace managing a business, setting a schedule, building on core skills such as the kind of self discipline that is required to make a franchise work. These are responsibilities that directly correspond with much of what is expected of those serving in the military and veterans carry these attributes with them when they seek alternative career paths.
Franchises also benefit when hiring veterans as employees, and the franchise industry’s overall success throughout the U.S. has increasingly made supporting veterans on the job a hallmark aspect of healthy operation because it is a positive way to support the economy and social infrastructure. From late 2011, Operation Enduring Opportunity was developed to make veterans and their family members aware of specific opportunities available through the IFA and beyond. The program’s focus is enlightening veterans and their family members on opportunities in franchising they may not have considered and connecting interested potential franchisees with the programs that will best facilitate their career move into franchise management.