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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
2. Photography
3. Tool Distribution
4. ATMs
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?

Views: 24

Replies to This Discussion

It's sort of surprising that Travel Agency was at the top of the list.  I've owned a travel agency for 20 years and it has been a rollercoaster.  I think it was more that the company has a specific program/discount for military rather than the profitability of the business.  You need to evaluate franchises both ways.  Make sure the opportunity is good before you evaluate the discounts that they offer to military.  

Thanks Robert. Did you go with a franchise or did you create the agency from the ground up?

Ground up - at the time there was no one doing what we did.


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