5 Tips for Vets to Kickstart a Franchise Career in 2015

After a relaxing holiday season with family and friends, some military veterans might be making a New Year’s Resolution: to become a franchisee.

But before they transition from the military to franchising, it’s important they take the right steps to ensure they get off to a successful start.

Here are 5 Tips for Vets to Help Kickstart a Franchise Career in 2015:

1. Take the time to search. Don’t hastily rush into buying a franchise, just because you want to take care of it early in the new year. As a veteran who’s selflessly served their country, it’s important to finally take some to find a franchise that’s right for you.

2. Keep an eye on market trends. Have a passion for healthy, active lifestyles? This progressive mantra has been booming in franchising recently, but what could be the next trend in 2015? If you have an eye to catch something that could be big, make sure it aligns with your core abilities that were honed in the military – leadership, teamwork, and the ability to follow processes.

3. Investigate financing options. While SBA Loans and Patriot Express Loans are among the most popular options for veterans looking to become a franchisee, cash, leasing, conventional loans, self-directed retirement plans, and receiving home equity are all options for veterans.

4. Get everything in writing. Promised something by a franchisor? Make sure you get it in writing. Otherwise, it could come back to haunt you when things go wrong or you try to sell your franchise. To help with this process, hiring an experienced attorney to guide you through the legalities can be a major help.

5. Get professional advice from consultants and mentors. By getting professional advice from a certified consultant, you can help understand the process of buying a franchise even better from an industry expert. On top of this, getting a mentor with experience in the franchise industry – such as a fellow veteran – can really help ensure you make a smooth transition to becoming a franchisee.

To learn more about entrepreneurship through franchising, attend our free monthly webinar, Franchise Ownership as a More Stable Career Path. The webinar is free, but you need to pre-register, which you can do online by clicking on the linked seminar title.

You may also register by calling 866-246-2884.