With the unemployment rate for ex-US servicemen hovering at almost 20 percent, franchisors in America are hoping to hire thousands over the next two years to get them back on their feet.
The International Franchise Association (IFA) launched an industry wide campaign? ?Operation Enduring Opportunity?? that is committed to hiring 75,000 veterans and 5,000 wounded warriors by the end of 2014.?The IFA says in a report that more than 60,000 veterans, including military spouses, have started careers in franchising through this initiative, which is an extension of an IFA campaign called VetFran launched in 1991 to help vets of the first Gulf War.
?By 2015 we are going to have over one million veterans that have exited from active military service who are going to be looking for jobs,? said Franchise owner Sean Falk.
Veterans and business owners know what it?s like to be in the unemployed veterans? shoes.
?You feel like you have a purpose, you feel a belonging. When they separate from the military they feel like they are cast adrift,? said CEO/Founder of Sport Clips Gordon Logan. Jeff Connally, president and CEO of CMIT Solutions, says: ?We love veterans because they are able to deal with a system and whatever comes up and they are committed to excellence.?
Today more than 66,000 veteran owned franchise businesses in the U.S. provide jobs for 815,000 Americans and generate more than $41 billion in economic activity.
By embracing this career path thousands can leave the military knowing they won?t be left behind. ?These young men and women have sacrificed so much. They fought for us, so now it?s our turn to fight for them,? said Logan.
Last year more than 6,200 veterans and their spouses embraced franchising as their path to the American Dream.
More than 150 new franchised companies have joined the VetFran initiative since 2011 and there are now now more than 530 franchised brands actively hiring and developing veterans as business owners.
Other findings from the report:
Veterans hire veterans: Veteran franchise owners were 30 percent more likely to have hired a veteran than non-veteran-owned franchise businesses.
Most popular franchise industries: Automotive (16 percent), general services (15 percent), food (15 percent), residential/home services (11 percent) and business services (8 percent).
Enjoying business: Four out of five veterans, or 83 percent, ?enjoy operating? their franchise business, while 81 percent ?enjoy being part of this franchise organization,? and 79 percent would ?recommend to others? their franchise brand.
Good fit: Ninety-five percent of franchisees surveyed believe that veterans are a good fit for employment within their franchise business.
IFA president Steve Calderia says: ?Franchising is good for veterans and veterans are good for franchising. Successful franchises run on proven and structured systems, and members of the military are used to implementing systems, following procedures and striving for operational excellence, which leads to success in franchising.?
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Source: http://www.franchiseyourbusiness.ie/news-updates/veterans-franchising/
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