When it comes to running a business, many franchisors know that military veterans have what it takes (and then some) to make a business succeed. And with the troops in Afghanistan and Iraq coming home soon, more retiring military personnel are coming back looking for jobs in a flailing economy. And some are finding opportunities: in franchises.
A recent Census Bureau study shows that more than 66,000 veteran-owned franchises in the U.S. provide jobs directly to 815,000 Americans and generate more than $41 billion in gross domestic product. With 11.7% of the nation’s veterans unemployed–a startling increase from the 9% overall unemployment rate in the country, and 22% of vets under the age of 25 living without a paycheck, franchise operations provide an opportunity for veterans to not only become self sufficient, but to take ownership of their careers. Read more.