Entrepreneur Magazine names Rainbow International as one of the Top 100 franchises for Veterans.
Franchisors have long recognized that military veterans–with their leadership skills, dedication and ability to work within a strict system–make ideal franchisees.
The International Franchise Association (IFA) estimates that one out of every seven franchises in the U.S.–more than 66,000 businesses in total–is owned and operated by a veteran.
There are many more veterans who would love to own their own business, and the biggest obstacle to that dream is money. Since the post-9/11 relaunch of the Veterans Transition Franchise Initiative (VetFran), more than 400 franchisors have offered incentives to veterans in the form of discounted startup costs. Many companies go even further to help veterans make their business ownership dreams a reality by offering additional assistance, financing help, special training and more.
To determine which franchises are doing the most to recruit and retain military veterans, the G.I. Jobs team conducts an annual survey of more than 4.000 franchises. An advisory board consisting of four franchise industry experts helps to determine the survey questions. The answers determine the list, which is tabulated by the following formula: 40 percent for a franchises’ success in recruiting veterans; 30 percent for a company’s financial efforts to recruit veterans, such as franchise fee discounts and recruiting budgets; and 30 percent for non-financial efforts to recruit veterans.
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