Veteran

Franchising has many inherent advantages over building a business from the ground up, especially veteran-owned franchises. Many of the challenges that small-to-medium-sized startups face are erased when taking advantage of the top franchise opportunities for veterans. The ratio of how many businesses fail within the first few years is even reversed when you research the statistics, and here’s why:

• Brand Recognition: It could take years for a startup to establish itself in the minds of consumers. Brand identity requires more time (and money) than most new businesses can afford before the lights are turned out. Franchise opportunities for veterans don’t have to worry about it because they can open the doors on day one with a name that customers already know and trust.
• Proven Business Model: One of the advantages of veteran-owned franchises (and any franchise) is having a business model proven to succeed. When you buy a franchise instead of starting a business from scratch, you’re essentially purchasing a name and a system that has been shown to work. This is how corporations sell their franchises in the first place.
• Training And Support: You’re not alone when you buy a franchise. There is a lot of trial-and-error for first-time business owners, from choosing the best payment systems to marketing campaigns. They also have to learn how to operate every piece of equipment or process they decide to use. The corporation selling the franchise will provide training to franchise owners to ensure they are competent from day one. The franchise opportunities for veterans from Pillar To Post ® also come with expert support and guidance to help you grow your business and profit.
• More Resources: Affording or accessing new technologies is hard with limited funding and capital. Attaining marketing materials and mediums, tapping into networking opportunities, and investing in research and development are also harder on SMBs than franchises. Corporations over franchises make much, if not all, of these things available or have access to lower prices on supplies by buying them in bulk.
• Financing: Many lenders see franchises as having less risk than startups because of their inherent advantages. There is, therefore, more access to lending and often at lower rates. Ex-military personnel also have access to special financing that civilians don’t, including from the Small Business Administration. Low-cost franchises for veterans can result in significant cost savings because of the many financing avenues available.
• Marketing: Marketing costs will eat into the small budgets of startups. Marketing is nevertheless an essential part of growing your consumer base and profits. Not only do many corporations handle marketing for their franchises, but they also have developed the most effective methods for reaching new clients.