CNBC: Veterans That Are Getting Rich Through Franchising

As a veteran, finding employment can be a huge challenge. In the next few years, one million veterans will transition out of active duty. According to a recent CNBC article, thousands of former service members have found success in franchising and the International Franchise Association reported in a recent study that one in seven franchises is veteran-owned.

Service members are able to use their leadership skills along with their experience with teamwork and being results-oriented to find success as a business owner. Veteran franchisees can also receive valuable advice and counsel from a network of franchises, which is extremely valuable for those who struggle to find employment.

One program is helping facilitate this transition for the thousands of veterans that continue to leave active duty. VetFran, the Veterans Transition Franchise Initiative, was launched in 1991 to assist those returning from the Gulf War. There are more than 650 members that participate currently in this program.

Veterans enter the franchising industry for a variety of reasons and in a number of ways. Matthew and Kristine Hayes served together in the U.S. Navy as hospital corpsman and witnessed many military personnel return home with injuries. This was what prompted them to get involved with Brightstar Care to help provide quality home care, caregivers, and medical staffing solutions to families and businesses.

Kris and Michelle Bender both served in the U.S. Army. While Michelle exited to raise her first child, Kris later turned down a promotion to start his own business. The duo opened TITLE Boxing Club in 2012, a boxing fitness studio that focuses on kickboxing fitness classes and boxing.

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