Military.com recently published their list of the best franchises for Military Veterans. Categories such as business survival rates, discounts, and percentage of service veteran franchisees were considered. (http://bestforvets.militarytimes.com/franchises/2016/
The top five businesses were:
1. A travel agency
3. Tool Distribution
5. Barber Shop
These are good examples of businesses that can gain an edge over the competition by employing a checklist driven approach that leverages best practices to succeed. While anyone with a phone, Internet access, and some people skills can open a travel agency, this company gives the franchisee access to specialized applications and marketing efforts. This reduces costs and improves the customer experience. A photography studio may seem straight forward, but leveraging the systems for scheduling and marketing the business can make the difference between profitability and bankruptcy.
Have you considered a franchise? How far along the process did you go and how did you make your final decision?