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Jun
2
2020
OWNERSHIP

How to Buy a Franchise - Startup Resources for Veterans

How to Buy a Franchise - Startup Resources for Veterans

Learn about the startup resources available for veterans who want to buy a franchise or start their own business.

For veterans just returning from active duty or even those who have been acclimated back into civilian life for some time, choosing a new career can be daunting. Starting their own business may seem like an impossible feat if they lack the training or capital to get a brand-new company up and running.

Buying a franchise business can be a great opportunity for veterans. In fact, veterans account for 14 percent of all franchisees in America. The valuable skills and aptitude attained through military service allows veterans to hit the ground running, adhere to franchisor guidelines and manage and guide employees.

Why Veterans Thrive as Franchise Owners

Discipline

Veterans know how to focus and multitask without letting anything fall off track, an essential skill for running a successful business. Business leaders are the first ones in and last ones to leave, and a veteran has the discipline needed to thrive.

Execution

Any business has guidelines to be followed, but with a franchise, policies and procedures must fit within the franchisor’s model. Veterans are accustomed to following a plan.

Leadership

Veterans have experience leading a team through important missions while always accounting for their safety. The strict regimen that has been imparted on them by their service is a great advantage for cultivating and leading staff. 

Working Under Pressure

Franchisees are accountable to customers, employees and the franchisor, which can be stressful. High pressure situations from past military training can be helpful for veterans transitioning to a role as an effective, level-headed business owner.

Startup Resources for Veterans

There are many resources available for learning how to buy a franchise, exploring franchise information and available opportunities as well as tools to find the best fit based on skill sets and goals. Veterans also have access to multiple organizations and networking channels to help them obtain funding, business training and certifications. Veteran status is an asset to obtaining the assistance needed to make the dream of small business ownership a reality.

U.S. Department of Veterans Affairs Entrepreneur Portal

The Veteran Entrepreneur Portal provides convenient access to federal services from a variety of sources to help guide veteran entrepreneurs along the path to business ownership. It includes step-by-step guides for verification processes required by the Office of Small and Disadvantaged Business Utilization as well as helpful information on everything from starting a business and securing financing to tips for successful expansion and networking opportunities. The VA also runs the Vocational Rehabilitation and Employment Program (VR&E). Designed for disabled vets, the VR&E provides services to help veterans obtain employment. It also funds grants to help cover start-up expenses for veterans opening their own business.

Vets First Verification Program

The Vets First Verification Program provides a unique opportunity for veteran or service-disabled veteran owned businesses to compete for VA set-aside and sole source contracts. To qualify, a business must first complete a verification process. Once verified, the business will be listed in the Vets First Directory giving them the opportunity to win certain government contract processes and qualify for special financing programs.

Veterans Business Resource Center

Similar to the portal provided by the VA, the Veterans Business Resource Center is a hub that provides access to a variety of tools and resources that provide training, funding, assistance with government contracting and more. It also provides individualized consulting to help veterans achieve their dreams of business ownership.

SBA Veterans Business Outreach Centers

The U.S. Small Business Administration (SBA) offers multiple programs including counseling, training and funding to provide support for veterans opening their own business. Services are offered through 15 participating organizations across the United States. Training programs like Boots to Business, IVMF – Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE) and Dog Tag Inc. feature customized curriculums to teach the principals of business ownership. The SBA also offers Express Loans that feature an expedited approval process, tools like Lender Match and other programs to aid veterans with securing funding to cover a variety of business needs.

VetFran

A strategic initiative of the International Franchise Association (IFA), VetFran houses a plethora of articles, reports and videos packed with franchise information as well as additional resources for veteran entrepreneurs. The site also provides assistance to match veterans with the franchise that best suits their aptitude and interests. Many businesses within the VetFran network also offer special discounts and incentives to facilitate the transition of veterans to franchise ownership.

Whether searching for tips on how to buy a franchise or starting your own business, there is no shortage of tools and resources available for entrepreneurial veterans. Franchising is a great fit for many veterans and is a mutually beneficial partnership. Veterans get the help and assistance they need to start and run their own business, and franchisors acquire a partner dedicated to furthering their business model of success. It’s a win for all parties involved.

Entrepreneur's Franchise Top Rated for Veterans in 2020 badge

We Proudly Support Our Veterans

Participating partners with the VetFran program, The UPS Store offers qualifying veterans $10,000 off their franchise fee to start their new business. To learn more, contact The UPS Store Franchise Development Team.

Entrepreneur's Franchise 500 Ranked #3 in 2021 badge

Ranked for over 30 Consecutive Years

The UPS Store has been ranked #1 in the postal and business services category for over 30 years and remains in the top 5 overall for the fifth consecutive year according to the Franchise 500 list.

Kristin Howard

Franchisee, Michigan

The reason my husband and I decided to go into franchising and specifically with The UPS Store, is the different opportunities we're given with the business. The UPS Store has name recognition as well as opportunities to expand.

Debbie Adams

Franchisee, Kentucky

What I enjoy most about being a The UPS Store owner is working with my customers. We are the solution specialists for our customers.

Jim George

Franchisee, Illinios

My favorite part about The UPS Store network is the camaraderie with other franchisees. Everybody loves to help everybody else. You’re really part of a family.

Greg Murray

Franchisee, Florida

The interesting thing about The UPS Store is that when a customer walks through the door there's an extremely high probability that they're coming there to do something that is important to them. So at the end of the day, what we do for customers is very important and they are trusting that we are going to do it well.

See the Full Testimonial

Mariana Huberman

Franchisee, Washington, D.C.

One of the things that I love about The UPS Store franchise system is that you're not ever in this by yourself. The franchisees of The UPS Store network are great.

Heidi Morris

Franchisee, Colorado

The thing I enjoy most about being a The UPS Store franchisee is I get to get up, go to work and know that I'm helping other business owners succeed in what they're doing.

Bob Brown

Franchisee, Tennessee

Owning a The UPS Store franchise has changed my life because it's finally given me the opportunity to engage my customers and my staff and be able to take real pride in what I do. As a franchisee, we get faced with solving peoples' problems every day and we do everything we possibly can to try to help.

Marie Jensen

Franchisee, Oregon

My favorite thing about The UPS Store is the variety. I love the variety of customers, I love the variety of services; getting to know the customers, meeting their needs, finding out how we can help them accomplish what they need to accomplish and seeing how happy they are. That makes me ecstatic.

Tad Mollnhauer

Franchisee, Florida

With the products and services that The UPS Store provides we can make a difference in people's lives and that is the best reason for being a The UPS Store owner.

Joy Batchelor

Franchisee, Idaho

What makes being a The UPS Store franchisee worthwhile at the end of the day is the customers. The customers treat us like we're family.

Paul Erchinger

Franchisee, Texas

One nice benefit of owning a The UPS Store franchise for me has been that it gives me the opportunity to be more involved in the community. As I make relationships with others it seems like no matter what the environment is, in one way or another business comes out of that and that's not my objective—it's been a secondary benefit to being involved in the community.

Chris Reminder

Franchisee, Ohio

There are several things that I really enjoy about being a The UPS Store franchisee. First and foremost it allows me to get to know the people in the local community and that is a lot of fun. We get to see people on a regular basis. We get to know their life stories. That's a lot of fun.

Bruce Jones

Franchisee, Kentucky

Since we have joined The UPS Store, our life has changed by just having more time to spend together as a family. We've been very fortunate with the stores that we have and we have a great staff that looks out for our best interest and we look out for theirs.

Lonnie Williams

Franchisee, Oklahoma

What makes The UPS Store so successful is it gives each individual an opportunity to grow with the network and just meet the challenges that are brought to them on a daily basis. Every day gives us a new opportunity to help another person, to help another small business, to answer a question and to solve a problem.

Jeff Graham

Franchisee, Alabama

I love my customers. I love my employees. I love every person, every face that comes into my store. I enjoy every day going into work and I can't see doing anything else for the rest of my life.

Stacie Stigar

Franchisee, Alaska

I think that this franchise is so successful because of all of the resources that are available to us as center owners—we have marketing materials, we have so many different opportunities for help from the home office, and it just really makes for a great franchise.

Don Pollard

Franchisee, New Jersey

I think the thing that makes this franchise successful is a number of things. First of all we have an outstanding system, we have a great product, a great brand, and we're able to attract dynamic people to run these centers and run the business. So I think when you put all that together it really provides for a winning combination.

Mary Ellen Nichols

Franchisee, Tennessee

The thing I love about the franchise is that you have the UPS name backing you but yet you also have the autonomy to make your own decisions to promote.

Laura Griffin

Franchisee, Florida

In the eight short months I've owned my The UPS Store it has really changed my life. I've gone from being an employee of someone else to being an employer of my associates. It's a big responsibility but it's exciting every day.

Sandy Scandrett

Franchisee, Wisconsin

Being a The UPS Store franchisee has improved every aspect of my life. It's very rewarding financially, professionally, and emotionally. I have a large number of regular customers who are really, really appreciative of everything we do.

Kristie Robison

Franchisee, Alabama

I would say owning a The UPS Store location has changed my life to where I have more time and flexibility. In owning your own business you get your store up and running and you get employees that you can trust that are going to help keep your store running. This allows me to attend my two boys' ball games and also travel and do things with them so it has really changed my life for the better.