Talk on the Street
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Talk on the Street
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Military veterans are fast making a name for themselves not only on the battlefield, but also in the business world.
Military veterans are continuing to show their ability to succeed in business, in particular with franchising opportunities.
Taking a look at the statistics, there are 3 million businesses in the United States run by veterans, employing approximately 5.7 million people. Despite the fact that veterans make up only 8 percent of the population, about 30 percent of all business in America are owned by veterans, making this group of people two times more likely to own a business than the general population.
Quickly gaining attention and becoming known as “vetrepreneurs,” investors and franchisors are taking note of this trend. But what is it about veterans that lend them towards being successful business owners?
Veterans Offer the Right Mix for Success
Veterans tend to possess a number of attributes that give them the entrepreneurial skills needed to succeed in business. Organizational skills, the ability to lead and drive a team, discipline and the desire to rise to a challenge are skills necessary for business success.
Some of the most profitable companies were started by military veterans who sought to fit back into civilian life after serving their country. FedEx, a $3.7 billion shipping company, was founded by Fred Smith, a Vietnam veteran who served as a Marine Corps Officer. Paul Sperry, founder of Sperry Shoes, served in the United States Navy during World War 1. To this day, the Sperry Top-Sider Boat shoe remains a fashion icon.
Spanning a number of decades and multiple industries, military veterans have proven their skills are so often suited to the business and corporate world.
Franchising the Popular Choice with Veterans
The concept of franchising poses a popular opportunity with military veterans according to Derek Cafferata, CEO of All State Franchise Finders, located in Fort Worth, Texas. “Whether it is as a franchisor or as a potential franchisee, we work with a large number of veterans who are looking to utilize their skills in the business realm,” said Derek.
All State Franchise Finders represents a large number of franchises, helping potential business owners find the right franchise opportunity to suit their skills, personality, experience, financial state and goals.
One of the more popular franchise businesses represented by AllStateFF.com is Menchie’s Frozen Yoghurt. Started back in 2007 by veteran Amit Kleinberger, Menchie’s now has over 400 stores across 35 states and 13 countries.
“Menchie’s Frozen Yoghurt offers a real business opportunity for the entrepreneur or small business owner,” said Derek. “The company is actively and progressively opening new store locations across the United States and around the world.”
In 2013 Menchie’s was listed in America’s Top 100 Most Promising Companies by Forbes Magazine, with Amit Kleinberbger making Forbes’ list of America’s Most Promising CEOs Under 35.
Derek Cafferata has helped numerous veterans reach their goals to become business owners. He believes, after years of experience in the franchising industry, that the leadership, teamwork and problem solving skills required in military service, lend themselves very well to entrepreneurship.
And what’s more, there are a number of financial lending options that are set up specifically to help veterans settle back into civilian life and launch into a new career in business.
For more information, visit allstateff.com or call All State Franchise Finders on 1800-544-2161.