The U.S. Small Business Administration (SBA) reports that 2.5 million businesses in the U.S. are majority-owned by veterans. That’s 9.1% of all U.S. businesses! Together, these businesses have an annual revenue of over $1 trillion and employ more than 5 million employees. The statistics show veterans make great owners of franchise businesses.
One of the main reasons behind the success of these businesses is the training and knowledge veterans gain while serving the country. Undoubtedly, the same training that helps you to be effective on the frontline can help you achieve business success.
A home inspection franchise with WIN Home Inspection is an excellent way for veterans to use their skills and re-enter the workforce after serving. WIN provides you with support and training, ongoing business advice, and marketing support. This gives you the structure necessary to succeed while also providing the independence that comes with being your own boss.
Advantages That Make Veterans Great Franchisees
Many factors go into how veterans make great owners of small businesses. We see this at work in our own organization having a number of our successful franchisees come from the US Armed Forces background. Specifically, we find that the mix of training, experience, and mindset veterans bring is highly valuable and sets a fantastic foundation for success in home inspection.
Here are nine advantages that help our veteran franchisees succeed:
1. Strong Work Ethic
Initially, when starting a franchise business, your success rests on your ability to put into action the tried and tested strategy you’ve bought into.
Veterans have a work ethic that positions them to succeed. They know what it takes to achieve their objectives. They’re prepared to put the effort in, and they know the satisfaction that will come from having done the work. The simple willingness to get the job done and keep working at problems takes you a long way.
2. Work Well Under Pressure
Secondly, few situations can match the pressure of training for and operating in combat zones, however, a business can be stressful at times. While this pressure and stress don’t come close to what you may have had to experience while serving, your skills in navigating these pressures are incredibly valuable in your business.
The experience of working under pressure helps veterans make great owners. Veterans are more likely to continue to perform to a high standard even when faced with high-pressure situations. Even under pressure, they continue to make quick decisions, learn and adapt, work hard, and keep moving forward toward a solution.
Thirdly, veterans make great owners because many remain goal-focused. Veterans are taught to focus on their goals, driving towards each one until it has been achieved before moving on to the next one. This intensity is ideal in a business environment, where it is all too easy to get distracted by the next shiny thing or to waste time on unnecessary tasks.
Moreover, with this skill, veterans can focus on the areas of the business that matter and keep moving forward, prioritizing their most effective work. Subsequently, this means they are always moving forward.
4. Integrity and Loyalty
Additionally, you cannot get far in the US armed forces without a sense of integrity and honesty. In fact, when applied to their business and customers, the same loyalty veterans showed their country becomes incredibly powerful for their business.
Moreover, the veterans we work with aren’t just “trying something out” – they’re looking to commit to a new career. They commit to creating a fantastic service and doing something great for their customers. That’s something we can get behind, and it speaks volumes to customers.
5. Can Follow Rules
Running a franchise is a unique business situation. On the one hand, you are the boss of your own business while also being a part of a larger whole. Success relies on following the formula and guidelines set down by your franchise – even when you’re tempted to try something else.
Veterans know the value of following guidelines to the letter and are disciplined at doing so. This sets them up to have a great relationship with their franchisor and increases their likelihood of experiencing success.
No business or industry stays the same forever. Changing market conditions, customer preferences, and ever-evolving best practices mean that franchise owners need to be ready to adapt to new circumstances.
Being highly adaptable helps to make veterans make great owners. Veterans have likely already faced and solved far more challenges than most businesspeople will see in a lifetime. Your experience here is invaluable. The experience in adapting on the frontlines and using the resources you have available to you to arrive at a solution is crucial to the success of your business.
7. Risk Management and Tolerance
While joining a franchise can reduce the risk involved in starting a business through training, marketing, and strategic support, it can never completely remove it. Even so, the entrepreneurs who find the greatest success are those who understand this. Those who want to succeed work hard knowing that it’s their efforts that make the difference.
Veterans do well because not only do they have the day-to-day understanding of risk management required to run a business but also the mental strength to keep going when times are tough.
8. Learning From Mistakes
We will be the first to admit that no business owner or business is perfect – mistakes happen. What counts is what you do next.
Having come from an environment where a repeated mistake can create a risk to life, veterans are quick to learn. This adaptability helps them learn quickly when entering a new industry and is ideal for opening a home inspector franchise.
Lastly, leadership is a key skill when running and growing a business. Initially, you lead yourself. Later, you will lead additional inspectors in order to inspire confidence and loyalty to get the best out of them.
Many veterans have served in leadership positions. This experience is highly-valuable in a business environment because many competitors have not had the benefit of such high-quality leadership training.
Build Value and Heritage With a WIN Franchise
Building a WIN Home Inspection franchise is a great opportunity for aspiring entrepreneurs, especially those who come from a US Armed Forces background. We have served more than one million satisfied customers over the last 25 years. We look forward to partnering with veterans to serve the next million.
Additionally, we continue to provide industry-leading support for our franchise owners. This support includes but is not limited to, in-depth, high-quality training, on-point business advice, and all the tech and operations systems you need.
Moreover, we welcome veterans and value the knowledge and experience they bring to their new careers. As a thank you for their service, we offer incentives to veterans who are interested in owning a WIN franchise. We also offer other financing options.
Ready to talk? If you’re interested in starting your own franchise and for more information, please call (800) 967-8127 or email us at firstname.lastname@example.org. One of our experts will contact you promptly.