The Franchise Blog 4 Vets

Food Franchises Continue To Attract Military Veterans As Franchise Owners

Military Veterans are an interesting bunch. They live a system. Some of them can translate this "systematized" thinking into franchise ownership.

According to QSR Magazine;

"Understanding how to work within an established system is one of many characteristics that make veterans attractive to fast-food franchisors. Others include leadership skills, character, and a sense of urgency, say companies that have brought former military personnel into their fold."

Read about which food franchises continue to be popular with the Veteran crowd, here

** Learn how to choose and research franchises, here **

Are You Thirsty, Veterans? Have A Free 7-Eleven Slurpee

It's that time of the year.

Saturday is 7-Eleven Day, and the day the world’s first convenience retailer celebrates its birthday. This year promises to be the biggest ever, with 7-Eleven planning to give away close to 5 million free 7.11-ounce Slurpee drinks to celebrate its 82nd birthday at more than 6,000 stores in the U.S. and Canada.

Go

Veterans; You May Get A Tax Credit If You Buy A Franchise

It is getting even better to start a franchise business....

From the IFA;

"Today, bipartisan legislation was introduced that will assist military veterans who are transitioning from active service to civilian life realize their dream of small-business ownership. Rep. Aaron Schock, R-Ill., and Rep. Leonard Boswell, D-Iowa, introduced the “Help Veterans Own Franchises Act of 2009.”

Read more about this game-changing franchise bill, here.

Read how Joel Libava will help you weed out the franchises that are not right for you, and assist you in finding the ones that are..Look

1.

New SBA Chief; On The Job For 5 Weeks, And....?

                                                                                                         

Karen Mills has been working hard, {Let's assume} for 5 weeks now. Is she fixing anything? Are those three-piece suits loosening lending up for start-ups?

 During an interview with the Denver Business Journal, Mills said she has three priorities;

"The first is to get the Recovery Act implemented — get the money in the hands of small businesses. At this moment, when we have this much economic distress, this is “making a difference” money. And it’s already out, and we’re seeing businesses where it’s made a difference."

More From This Denver Business Journal Interview

New SBA Loan Rules To Affect Veteran Entrepreneurs

                               

           

If you are Veteran, and are thinking about purchasing a business, some new SBA rules may make things a little more difficult, especially if it is an existing business.

According to The Washington Post:

"The agency this month notified banks offering its most popular loan program, that effective March 1, the SBA will limit "goodwill" financing to 50 percent of the loan amount or a maximum of $250,000. The SBA does not directly lend money to small firms, but works with partner banks to offer a variety of loan programs that the agency partially guarantees."

What is "goodwill?"

"Goodwill, sometimes referred to as "blue sky" in the business world, is the value of a business that can't be accounted for through physical things like assets in a warehouse or a printer's printing press. It's the brains and cash flow of a company," according to the article written there. Read.

So, will this new rule from The SBA affect your purchase of a business, Veterans?

 

                               

Job Losses Adding Up; Thinking About Starting A Business?

Business ownership is an option that more and more people are thinking about, as job losses mount.

Not everyone has a day job to keep, and those who've lost theirs might find the notion of starting a business appealing. But don't expect it to be easy.

Read this Columbus Dispatch story.

Are you getting into a business of your own for all of the right reasons? Look 

Here's a plan.

Work In A Franchise Before You Buy it?

As more Veteran's start returning from overseas, they will be faced with many decisions. One of their decisions will revolve around their careers. Will returning war veteran's opt for traditional jobs, or get into more entrepreneurial ventures? One thing they may be looking at is franchise ownership....

Will The Franchise Industry Take Off?

                                                                               

“It doesn’t matter whether the Dow is 5,000 or 50,000,” Guy Kawasaki says. “If you’re an entrepreneur, there is no bad time to start a company.”

In a way, he is right. Sometimes, our circumstances force us to act sooner, rather than later.

Guy, a venture capitalist, recently spent some time on The Navy's USS John C. Stennis, and wrote about it, here. Wild stuff, folks!

Anyway, are going to look into investing in a franchise of your own? In this economy? Maybe you should!  Read this article over at the American Express Open Forum.

Take this little quiz. Are you the franchise type?

Veteran's Day Activities Today, Nov. 11th, 2008

                 

Today is Veteran's Day. Here is the official proclamation:

"Our country is forever indebted to our veterans for their quiet courage and exemplary service. We also remember and honor those who laid down their lives in freedom's defense. These brave men and women made the ultimate sacrifice for our benefit. On Veterans Day, we remember these heroes for their valor, their loyalty, and their dedication. Their selfless sacrifices continue to inspire us today as we work to advance peace and extend freedom around the world.

 

With respect for and in recognition of the contributions our service members have made to the cause of peace and freedom around the world, the Congress has provided (5 U.S.C. 6103(a)) that November 11 of each year shall be set aside as a legal public holiday to honor America's veterans."

That was from George Bush.

Here is a list of all Veteran's Day activities. Look.

Michigan's Downsized Entering The Franchise World

                   The Michigan Franchise Center.com

Michigan has been hit especially hard with job losses, mostly form the automotive industry. For some of those workers, investing in a franchise is one way to go. These uncertain times demand that future franchise owners take the selection and research processes seriously.

According to The Detroit News:

"Nearly 75,000 jobs were cut from the state's automotive sector between 2003 and 2007, according to the Michigan Department of Labor. Though no group keeps figures on the number of career-changers who go into franchising, franchisors around Metro Detroit report that they've gotten hundreds of inquiries from displaced auto workers."

                         

                                        WOW!

Here is an interesting article about some folks in Michigan who have gone into a franchise business after being downsized....

Is Now the time to invest in a franchise???

Michigan Franchise Opportunities

Green Franchises