INFOGRAPHIC: Veteran-Owned Businesses by the Numbers
In our Veteran’s Day post earlier this week, we mentioned the fact that the VetFran Operating Enduring Opportunity program that launched in 2011 with a goal of recruiting 80,000 veterans and their spouses to franchising has already far surpassed that goal. More than 150,000 veterans, spouses and wounded warriors have started new careers in franchising, […]
How to Succeed from Day 1 as a New Franchisee
Long-term, sustained success takes planning. Achieving great things – no matter how farfetched they may seem – is possible, but the work and strategic efficiency it takes to accomplish it isn’t easy. That’s why it’s so critical for new franchisees to be ready to really dedicate themselves from the first day as a new franchise […]
Is Entrepreneurship Contagious?
A recent survey by the Ewing Marion Kauffman Foundation finds that exposing individuals to entrepreneurs may encourage them to start their own ventures. The Kauffman study surveyed 2,000 Americans, asking them if they knew entrepreneurs – both in general and specifically “growth” entrepreneurs whose ventures add more employment and wealth to the economy – and […]
How Vets Can Finance Franchises through Crowdfunding
Rome wasn’t built in a day, but it did take a heck of a lot of people to do it. For military veterans looking to franchise, there are significant franchise-fee discounts and other reduced costs to encourage them to become a franchisee. But what about raising the rest of the capital needed? In recent years, […]
How to Tell If You Would Make a Good Entrepreneur
Anyone with sufficient financial resources can own a company, but do you have what it takes to run one successfully? Here are three ways to tell if entrepreneurship is the right fit for you: Are you good at business? Jobs are specialized, but business ownership is generalized. Do you have the necessary business savvy to […]
5 Reasons Vets Should Invest in Emerging Franchises
It’s easy to invest in a big-name franchise brand, but it takes real gusto to spot an emerging brand and invest while the iron is hot. More risk, yes, but also the potential for more reward. And who’s more capable of handling this risk – and more deserving of reward – than veterans of our […]