From Active Duty to Franchise Owners: Business Opportunities Abound for Military Veterans

War veteranIn the next few years, more than one million veterans, according to a CNBC report, will transition out of active duty. After serving the country, however, finding meaningful work can be a struggle. Ex-service men and women may experience difficulty in establishing a connection between the skills they learned while serving their country and the other skills they need to function in the civilian world.

How Can Veterans Assimilate Back Into the Civilian Working Life?

Veterans shouldn’t feel discouraged, though. The search for a new career starts with determining the crossovers in past experiences—the skills or talents that veterans use in their military career that they can apply in the job they’re interested in. Skills learned in the service can, after all, be useful in a different position or an entirely new field. In fact, the technology sector considers military experience an advantage. Last year, companies like LinkedIn started expanding career opportunities for veterans.

Transitioning from military service to a civilian job isn’t as hard as it seems. As long as a person can identify their crossover skills and targets, their next step is to create a résumé that emphasizes their talents. That way, it’s easier to set short- and long-term goals for their next job and stick to them. A supply sergeant can, for instance, work as a shipping manager, while an air defense artillery officer might enjoy working as a consultant for the private sector.

 

Apart from acknowledging areas of strength, it also helps to keep an open mind. Not every skill learned from the military service is transferable to a corporate job, after all.

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Finding Success with a Franchising Venture

Veterans won’t have to look far for an employment opportunity, as thousands of former service members have established their career through franchising. Data from the U.S. Bureau of Labor Statistics shows that the unemployment rate for Gulf War-era II veterans went down by 1.8 percentage points in 2001 to 7.2% in 2014.

The franchise business has played a big role in keeping the unemployment rates down. A study from the International Franchise Association (IFA) shows that 14% of all franchises are veteran-owned, generating more than $41 million. Former service members can explore low-cost franchise options for veterans, and get a chance to put their results-oriented mindset and leadership skills to good use.

Helping Veterans Maximize their Franchising Potential

In 2011, the IFA started VetFran, a program that provides military families with resources for franchising opportunities. The website helps veterans determine whether franchising would be suitable for them and which types of business would be a good fit. The network recruits former military members and offers them franchise fee discounts, reduced royalties, financing options, and other useful resources aspiring franchisors need during a startup. Since its inception, VetFran has expanded to a network of over 650 franchise brands and other partners.

Pillar To Post takes pride in its 5-star VetFran status from the IFA. As the largest home inspection company in North America, we are a veteran-friendly business that provides various franchise opportunities for former service members. Contact us today for help in launching and operating your franchise successfully.