Franchising – Is The Best Option for You?
Almost one hundred percent of veterans and transitioning service members expect that they will start another career after leaving the military. For many, this might mean a return to a civilian career that was already in progress. Or it might mean utilizing the myriad skills developed and honed during military service to launch a new career.
For others, it means examining the life that they want to lead and landing on opening a business. Small business is what makes America run, and it’s one of the cornerstones of our society. If you are considering opening a small business, but feel like you might not have enough resources available to make an informed decision, consider opening a franchise.
A franchise is a business that you own and run, but that was started by someone else. This means that someone has already gone through all of the growing pains of learning markets, doing research, and developing products. When you open a franchise, you’re walking into an existing business model and reaping the reward.
The skills that you’ve developed in your military service position you to be the most ideal franchise owner. You understand the value of strong leadership. Your work ethic is unmatched. You’re accustomed to leading a disciplined life. All of these characteristics will benefit you greatly as you launch a career as a franchise owner.
As a transitioning service member, you already have all of the qualifications you need to become a successful business owner.
You work well as part of a team. You know that the success of any venture is in the effort of your team mates.
You can execute plans. In the military there probably wasn’t a day that didn’t involve some kind of strategizing, and owning a business is no different.
Pressure is your friend. You know how to work well under pressure, and if you’re like many transitioning service members, you probably work best when deadlines are tight, and the pressure is on. You have the training to remain calm in stressful situations, making you the ideal business owner.
Pushing hard for your goals. Once you’ve made a goal, you stick to it and see it through to the end, even if it gets tough or challenging.
The advantage of owning a franchise is that you’re provided with a business model already. That means much of the guesswork has been taken out of the equation already, leaving you room to grow as a business owner. Franchises offer a way to make a difference in the economy without taking a significant risk. If this seems like something that interests you, there are many organizations that will help get you started. As with all new ventures, there are going to be challenges along the way. Because you have been trained with such a specific set of skills and you know how to push and motivate yourself toward your goals, owning a franchise might be one of the most lucrative experiences of your life.