Because we’re fresh off Memorial Day, FranNet is taking a closer look at VetFran and how they help veterans become franchisees, an initiative we wholeheartedly support. For those of you who don’t know, VetFran is an organization dedicated to assisting our military members and their families find a new and exciting entrepreneurial path.
According to their official website, VetFran was founded in 1991 by the late Don Dwyer Sr. – founder of The Dwyer Group, as a “thank you” to our veterans returning from the first Gulf War. After the September 11, 2001 terrorist attacks, the International Franchise Association (IFA) re-launched a campaign to assist U.S. veterans and their families during the difficult time.
Since that time, VetFran member companies have grown into a large network of over 650 franchise brands that voluntarily offer financial discounts, mentorship, and training for aspiring veteran franchisees and veterans seeking employment. A full listing of these and other assistance programs designed specifically for veterans can be found on their site.
Supporting Veterans in the World of Franchising
VetFran maintains an online “Tool Kit” for any former or current U.S. service members interested in entering the world of franchising. We’ve spoken before about the many ways that veterans make good franchisees and the toolkit functions as a guide for helping integrate this business concept to many of our veterans. Sections in the toolkit include the VetFran Directory, a Personality Assessment Test, Franchising 101 Course, the soon-to-be International Franchise Association University, Decision Workbook, Federal Trade Commission Guide to Buying a Franchise and how and where to secure proprietary financial assistance for purchasing a franchise.
Many of the most prominent names in the franchising industry are counted among the special sponsors of VetFran’s efforts. Some of these iconic brands include McDonald’s, Liberty Tax Service, Sport Clips, The UPS Store and Edible Arrangements.
From Military Life to Entrepreneurs
The efforts of VetFran and other organizations dedicated to helping our men and women in uniform transition from military life to entrepreneurs has been a successful endeavor. According to statistics on VetFran’s own website, one out of seven franchise businesses are owned and operated by veterans of the U.S. military. According to a study conducted for the International Franchise Association Educational Foundation based on U.S. Census data. More than 66,000 veteran-owned franchise businesses in the provide jobs directly for 815,000 Americans and generate more than $41 billion in gross domestic product.
FranNet is always available to assist our former and active member military members and spouses. We’ll find out how your former MOS can help you transition into a worthwhile business opportunity of your own. Keep in mind that our consultations are no obligation and our services are 100 percent free of charge.
As we pause to remember our veterans on Memorial Day, we salute our men and women in uniform as we look for ways to help them transition from a life of protecting our shores to becoming productive members of our economic growth. If you’re a current member of the military or recently discharged, make an appointment with FranNet today and we’ll help you determine your next occupational specialty!
Let’s chat! There’s a local FranNet consultant right in your market who knows that market inside and out – knows the personality of the market – knows the competitive landscape. FranNet has a great track record of assisting individuals on their path to entrepreneurship, and one of our franchise experts would love to provide you with guidance free of charge. Sound like something you might be interested in? Get started here and find your local consultant right now!