"Two hundred thousand servicemen and women separate from military service annually, and it's up to all of us ... whether in the public or private sector ... to help them start ... or re-start ... their civilian careers," said former U.S. Secretary of Veterans Affairs Jim Nicholson.
By voluntarily joining the International Franchise Association's Veterans Transition Franchise Initiative, known as "VetFran," more than 350 IFA-member companies have been able to attract qualified U.S. military veterans as franchisee candidates.
But, that still means that three-quarters of IFA's 1,300 franchisor members may not know how this program cannot only aid former military personnel in their quest to return to an active and involved civilian life, but VetFran helps franchises attract prospective franchisees who bring dedication and a mission-oriented focus to anything they undertake.
As military personnel deployed in Iraq continue to return to the United States, countless of these veterans will seek to sustain themselves through civilian careers. Due to the uncertainty of today's sluggish economy, many professionals in general are pursuing alternative careers to secure their financial wellbeing--and franchising has proven to be that popular alternative.
To assist these veterans in their transition, Franchise Initiative VetFran companies voluntarily offer them deals better than what's available to other qualified investors. These franchise companies typically offer financial incentives such as discounts of the initial fee to lower the upfront costs. Since the program's relaunch in 2002, more than 1,200 honorably-discharged veterans have become franchise...