Advertisement

Veteran Affairs

Bookmark this
June 13, 2019 By Best of Branson

Service members make business ownership a post-military career

 

After they leave the military, veterans often look to start a second career. For many, owning a business is an attractive career path because they have honed many of the skills needed to be successful entrepreneurs, such as ambition and a drive to succeed, during their time in the military.

“There are many unique qualities veterans possess that simply aren’t found anywhere else and make them a great fit for business ownership,” said Tim Davis, president of The UPS Store, Inc., and former U.S. Marine Corps captain and Gulf War Veteran.

Skills that transfer

Veterans are uniquely suited for solving pressing challenges life can present, which is part of the reason they can make successful entrepreneurs and business owners. Franchising, in particular, can be a building block for veterans’ careers as they transition from military service.

“Franchising is an opportunity where veterans can empower and be empowered, adding value to the brands they represent,” Davis said. “I have seen firsthand how the drive and discipline gained in the military can be a great advantage for veterans looking to own their own businesses and open franchises.”

Leadership. Work ethic. Discipline. These qualities are exactly what help the more than 200 veteran The UPS Store franchisees succeed.

  • Working as a team: Veterans often know the success of an organization relies on every member working together to build a team, or a business, that’s greater than the sum of its parts. In the case of a franchise, the franchisee must embrace teamwork at multiple levels, not only among the employees of the local franchise location, but also with the franchise’s leadership team on a national and regional basis.
  • Executing a plan: A franchise business typically provides its owners with a proven business model and ongoing support. However, executing the plan is up to the franchisee. All of the pieces are provided, but putting them together and creating a working business plan requires a degree of entrepreneurship. It’s an approach that is similar to the training veterans experience in the military.
  • Acquiring new skills: Franchisees typically complete a comprehensive training program to develop the knowledge and day-to-day operational skills needed to own and operate their own businesses. The training focuses on everything from marketing and operations to human resources and staff management.
  • Thriving under pressure: Veterans know things don’t always go according to plan. The military provides service members the training and discipline needed to remain calm and thrive under the most pressure-filled situations. Particularly when it comes to navigating tricky situations like disgruntled customers or employees, a level-headed approach can earn more satisfying results.
  • Working hard to accomplish a goal: Business owners typically dream of self-made lives, but not all have the commitment and work ethic needed to accomplish their goals. Service members are trained to understand the requirements of a mission and work tirelessly until they achieve them.
  • Accepting responsibility: Operating a business is no small job and it requires a strong sense of responsibility akin to the role service members take in their chosen fields. Business owners assume a hefty burden to ensure the business and its employees grow and thrive.

Getting started

Franchising vs. Starting a Business Solo

As a participant in the Veterans Transition Franchise Initiative (VetFran), a strategic initiative of the International Franchise Association and the Franchise Education and Research Foundation, The UPS Store, Inc., allows veterans the opportunity to fulfill their desires for second careers.

The Mission: Veteran Entrepreneurship program offers significant financial incentives – valued at nearly $300,000 – for a select group of qualified U.S. military veterans to help open their own franchise locations. In addition, the first 10 eligible veterans to submit a complete buyer’s application packet and initial application fee by Nov. 11 will be awarded $29,950 in waived franchise fees.

For entrepreneurs exploring business ownership, there are a multitude of options to consider, but one of the first is to determine whether to invest in a franchise or start their own business. There are pros and cons to each path.

One of the biggest differences between investing in a franchise and starting a business from scratch is the initial startup process. When you start your own business, everything is on you. As a new business owner, you have to develop branding elements and positioning, your product and service offerings and logistics, such as a physical store layout.

With a franchise, those elements are captured as part of the franchising fee. If you’re attracted to the idea of a proven business model to help get your business positioned to grow quickly, having the support of a franchise brand can be helpful.

In the end, your decision depends on what business ownership style best fits your personality. Starting your own business can allow you the freedom to explore any venture you want, but it comes with the risks and responsibility of being completely on your own. Investing in a franchise provides the framework within an existing business model while still enabling you to be your own boss, expressing your creative side within the structure of a proven system.

To learn more about franchise opportunities and special incentives for veterans, visit theupsstorefranchise.com/veteran.

Photos courtesy of Getty Images

SOURCE:
The UPS Store


Advertisement

Recent Articles

Branson Bulletin: Billy Yates' Choices

Branson Bulletin: Billy Yates' Choices

in Attraction News, Branson Shows

A new concert and dance hall with live music, food, drinks, and more surprises at what is sure to be the “go-to” spot in Branson.

September 30, 2019 By Branson Bulletin

Branson Bulletin: Big Air Trampoline Park

Branson Bulletin: Big Air Trampoline Park

in Attraction News

Jump for joy now that Big Air Trampoline Park has opened in Branson! It features over 50 fun attractions including Dodgeball, Mechanical Bull, Battle Beam®, Ninja Warrior Course, and many more attractions.

September 24, 2019 By Branson Bulletin

It’s a wild, wild world in Branson!

It’s a wild, wild world in Branson!

in Attraction News

If you love animals, then don't miss the opportunity to visit one of Branson’s favorite attractions, Branson’s Wild World.

September 18, 2019

Soar in a Thrilling Sky-Ride at Adventure Ziplines of Branson

Soar in a Thrilling Sky-Ride at Adventure Ziplines of Branson

in Attraction News

The rush of a lifetime awaits you at Adventure Ziplines of Branson, the number one zipline in America’s favorite, family-fun town. Imagine launching from 7 different towers and flying through the air at speeds up to 50 mph.

September 18, 2019 By The Best of Branson

Advertisement

Must Read Articles

Silver Dollar City Announces Even Bigger & Brighter Christmas 2019

Silver Dollar City Announces Even Bigger & Brighter Christmas 2019

in Attraction News

Silver Dollar City will debut an all-new, 80-foot-tall, state-of-the- art Christmas tree on the City’s Town Square.

September 18, 2019

Silver Dollar City announces water raft ride with 4.5 story drop

Silver Dollar City announces water raft ride with 4.5 story drop

in Attraction News

Silver Dollar City announced a new attraction set to open next summer that the park touts as the tallest drop of any raft ride in the Western Hemisphere, according to a press release.

August 13, 2019 By Staff Report

Southern Hospitality: Paula Deen opens Family Kitchen at Branson Landing

Southern Hospitality: Paula Deen opens Family Kitchen at Branson Landing

in Food

The words "Southern" and "hospitality" show up frequently whenever Deen is involved, as do the concepts of tradition, family, and food as connection and comfort.

August 26, 2019 By Becca Martin-Brown

Branson Bulletin: Pumpkin Nights

Branson Bulletin: Pumpkin Nights

in Attraction News

Taking the lead with a family-oriented flair, Silver Dollar City is going full glow this autumn with more than 10,000 pumpkins lighting up the 1880s theme park well into the evening Sept. 25-Oct. 26.

September 12, 2019 By Branson Bulletin