Are Veterans Better Franchisees?
photo credit: BL1961
Entrepreneur.com posted a very interesting article on how veterans often make great franchise owners. There were many points brought up in this article that I have to agree with and find also very interesting as well. Today with more and more people being out of work, businesses and franchises are going up more and more, this could bode well for veterans.
Veteran business owners know how to think on their feet and trust their instincts. They’re also trained to adapt to the conditions around them, so making a decision–even a wrong one–allows them to adjust rapidly if necessary.
In the military, people are put through all types of training that help them develop skills in many areas such as leadership, working with others as a team, communication, implementing tasks and much more. All of these skills come in extremely handy for them when going into a franchise.
Every veteran has at least one story that is related to them trusting their life with another human being. In a franchise business you will most likely have some sort of support network such as an advisory board that will help you throughout all of your endeavors with that franchise, this requires a great deal of trust on your part.
Christian on July 15th, 2009 6:29 am
This is pretty interesting—I’ve worked with some West Point cadets in the past, and one thing they are definitely trained to do is to make decisions. Learning to trust was a big part of it as well, from trusting high-ranking officers, to giving up control to the NCOs.
Thanks for the point to the article, great post Jaclyn.
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