By: Matt Wiggins, VetFran Fellow, IFA Foundation
In the spirit of Veteran’s Day, Franchise Business Review has announced its annual list of The 80 Best Franchisees for Veterans. IFA and VetFran members accounted for 75 percent of the list. “IFA appreciates the dedication of our members to supporting veterans and recognizing their sacrifices. Year after year, they demonstrate their strong commitment to providing opportunities to the veterans community,” said Rikki Amos, IFA Foundation Vice President.
Franchise Business Review bases their list on a survey of over 26,000 franchisees from many top franchise brands. Survey participants are given the opportunity to express their honest opinion on core elements of their franchise. Brands who earned a place on the list of The 80 Best Franchisees for Veterans were ranked highly among categories like quality of training, leadership, and enjoyment of running a franchise.
IFA and VetFran members consistently demonstrate a strong and unwavering commitment to providing opportunities to veterans of the US Armed Forces. Veterans are uniquely qualified to be franchisees, and typically perform better than their non-veteran counterparts. An estimated 14% of franchisees nationwide are veterans, while the percentage of veterans in the US population is only near 1%. The franchise industry as a whole believes veterans should have the opportunity to become successful business owners after serving our country.
The VetFran Program was founded in 1991 and has been an industry-leading initiative which today numbers over 630 member companies, each of which offers discounts and incentives to prospective veteran franchisees. VetFran recognizes its member brands by highlighting their commitments to the veteran community. Veterans can also find resources regarding franchising opportunities and funding all in one place using vetfran.com. In late 2018, VetFran will launch a new initiative to welcome veteran franchisees of our member companies to the VetFran family, furthering its mission to facilitate the transition of veterans into franchising.
Matt Wiggins is the IFA’s inaugural VetFran Fellow. After serving as an IFA intern, he transitioned into the role in August. Coming from a military family, Matt has dedicated his work at IFA to improving and building the VetFran program. Through his fellowship, he hopes to make franchising more accessible to veterans across America.