Veterans make up about 7% of the population, but they represent 14% of all U.S. franchise owners … and that statistic doesn’t include military spouses or currently serving members who’ve entered the franchise sector.
If you’ve considered starting a franchise, or you’re looking for more resources to support your growing business, MOAA can help. Here are some tips to get you started:
VetFran
VetFran’s sole mission is to connect the broader uniformed service and veteran communities with franchise business ownership opportunities. The VetFran franchise company directory boasts more than 600 entries, all meeting strict quality criteria … and all offering their best discounts on franchise fees to the veteran community.
Veterans are a part of the corporate culture in these companies – and some of their strongest performers – so they naturally want more to join their franchise brand.
[LEARN MORE: VetFran.org]
SBA
The U.S. Small Business Administration (SBA) offers a wealth of tools and resources designed to help you succeed in your franchise operation. Whether you're just starting out or looking to expand your business venture, the SBA offers invaluable support every step of the way through programs like:
- Veteran Business Outreach Centers (VBOCs): Offering local support on business plan development and access to funding resources.
- Office of Veterans Business Development (OVBD): Providing currently serving members, veterans, military spouses, and family members with programs and services to start and grow a small business.
- Boots to Business (B2B) and Pathway to Business: Foundational business ownership training programs designed to support veterans and military spouses.
- SCORE: A vast network of volunteer mentors who provide free guidance and share valuable lessons learned.
- Veteran Small Business Certification (VetCert): Designed to help veteran-owned small businesses access government contracts and expand their operations.
Want more information on this growing, veteran-friendly sector? Join MOAA for a special March 26 webinar to deepen your understanding and enhance your opportunity for success in the world of franchising.
Upcoming MOAA Transition and Career Events
- Tuesdays in March: MOAA Event Series: Dare to Dream
- March 20: Virtual Classroom: Maximize Your Overall Compensation Package
- March 26: MOAA Webinar: Why Veterans Should Consider Franchise Ownership