Memorial Day is around the corner and it's got us thinking about the success military veterans in franchising.
When Michelle Obama helped launch Operation Enduring Opportunity last November - an initiative that aimed to hire and recruit 75,000 military veterans into the franchise industry - it was the clearest demonstration to date that veterans and franchising are an ideal pair.
"With its rapid training opportunities, defined structure and systems, and need for operational excellence, franchising provides an ideal structure to enable returning veterans to become leaders of and productive participants in the U.S. economy," IFA president Stephen A Caldeira had said at the time.
At the same time, we've seen movements like Sprigster - a crowdfunding website aimed at helping people achieve franchise funding in alternative ways. Mark Mohler, Sprigster CEO, explained just why franchises look to veterans for possible partnerships.
“They’re very entrepreneurial and have a high-risk tolerance, but having a structure helps,” he said. “They follow the rules. Veterans have been shown to have the kind of skills to stay the course.”
With the passing of the JOBS Act last month, it seems that there is even greater possibility for the likes of Sprigster to get entrepreneurs and veterans in particular into franchising. For veterans considering franchising, franchises like ValPak and Jan-Pro have an awful lot to offer.