From Forbes.com: Should Veterans Look Into Franchising?

June 18, 2012 By 3 Comments

Veteran writer, Carol Tice , just wrote an interesting column over at the Forbes.com website, and if you’re a military veteran who’s been leaning towards franchise ownership, it’s worth a read.

Carol’s article isn’t the first one to question whether or not today’s military veterans should investigate opportunities in franchise ownership; but, it’s the first column I’ve seen written on a major website like Forbes.com that uses a specific franchise opportunity as an example of bad stuff that can happen to a veteran. (Don’t you think that our military men and women have experienced enough bad stuff?)

I’ve said this before and it’s worth repeating;

Franchise ownership is not for everybody. As a matter of fact, it’s not for most people. 

Now, that’s not a slam on my industry. It’s just that most people don’t have a high tolerance for risk, and buying a franchise can be risky. There are certainly ways to lower risk, and it’s what I specialize in when I consult with potential franchise owners.

Please spend 5 minutes, and read Carol Tice’s article on how franchise chains recruit veterans over at Forbes.com.

What do you think? Should veterans take a serious look into franchising?

Don’t Sign It.

Filed Under: forbes.com, veterans Tagged With: ,

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  • http://www.theexecutivesuite.com/blog/ Warren Rutherford

    Joel – you’re right. Owning a business is not right for everyone. As with any business venture people should research the opportunity, investment (of time and money), the market need for products/services, the ROI, and the risk-reward to name a few.. Franchising is not the panacea to remove risk and increase reward. Someone still has to open the doors every day and hang out the OPEN sign. Thanks.

    • http://thefranchiseking.com/about-joel-libava-the-franchise-king The Franchise King

      Thanks for stopping by, Warren.

      And, you are correct!

      JL