Memorial Day is an important United States holiday, recognizing the greatest of sacrifices - the laying down of one's life to protect the lives of fellow countrymen. Our tradition of giving honor to love ones, who died while in the service of our country, by visiting their graves, holding parades and gathering with families and friends begin right after the Civil War. First called “Decoration Day,” Memorial Day became an official holiday in 1967.
This year will be no different in the respect shown to fallen heroes. As we take the time this year to pay respect to the memory of fallen servicemen and women, let’s not forget the estimated 200,000 veterans who transition back to civilian life each month. For the many of these veterans who have a desire to continue another time-honored tradition-- veterans who become entrepreneurs--VetFranLink opens in a new tab can help.
This program has a strong interest in helping these brave men and women realize the American Dream of owning their own business. One of those options, of course, is Five Star Painting.
Veteran Transition: Become a Business Owner
Data supports the theory that veterans in the past have had a keen interest in owning their own business. According to the Institute for Veterans and Military Families at Syracuse UniversityLink opens in a new tab, an astounding 49.7 percent of the veteran who served in World War II went on to own or operate a business, and about 40 percent of the Korean War veterans also became business owners. Many of these men and women took advantage of benefits for veterans, which included low-interest rate loans, to power the American economy, create job and generate wealth.
The best businesses for veterans coming home these wars cut across a variety of industries, including:
- Real Estate
However, this trend has seen a change. In stark contrast to WWII and Korean War veterans, the Bureau of Labor StatisticsLink opens in a new tab reports that of the 3.6 million men and women who served in the U.S. military since September 11, 2001, only 4.5 percent of them have started a business. History shows that importance of offering benefits for veterans to encourage business ownership. The VetFran program aims at empowering these brave individuals with support and opportunity.
Best Businesses for Veterans: Home Services Sector
With so many options for launching a business, the choices for veterans are nearly unlimited. However, included the home services industry among the sector that provide the best businesses for veterans. Depending on the source, the U.S. market for home services total $400-$800 billion a year. For decades, homes services remained the domain of wealthy homeowners, especially cleaning, lawn maintenance and landscaping. With more women in the workplace creating dual-income households, traditional home services are no longer considered only for wealthy households. Some of the best opportunities for the best businesses for veterans in this category include:
- HVAC – According to the one industry reportLink opens in a new tab, the Heating, Ventilation, and Air Conditioning field will grow by 3.1 percent, especially as people move to moreenergy-efficient systems.
- Plumbing Services – Has an annual growth rate of 4.4 percent.
- Gardening & Landscaping – These services include mowing, chemical lawn care, flower-planting, pruning and more. Many franchisees offset the seasonality of the business by offering with snow removal and other exterior services.
- Painting & Decorating – Offer painting services to both residential and commercial customers.
- Cleaning Services – Cleaning services have become a necessity or even a convenience for many homeowners.
- Handyman Services – Many homeowners are hiring out small tasks formerly relegated to the DIY list, from hanging TVs to installing fireplace mantels.
In addition, the unprecedented number of Baby BoomersLink opens in a new tab deciding “age in place” has created a boom in renovations. There are countless business opportunities for home services to help them make their home age with them. Remodeling projects include making bathrooms and kitchens more accessible and user-friendly for older homeowners and people with disability and mobility challenges. Many of them may also want to update their home's look after becoming empty nesters. Stripping sports-themed or princess-decor wallpaper and repainting can transform a child's former bedroom into a newly reclaimed guest bedroom.
Helping Veterans Transition to Successful Business Owners
Since the end of the Gulf War in 1991, VetFran has striven to mitigate the financial barriers that keep veterans from becoming business owners. Since our inception more than 6,300 veterans have become business owners with the assistance of our program. In addition, more than 374 veteran franchise owners have received discounts awards of more than $2.1 million dollars. CLICK HERELink opens in a new tab to learn more about Dwyer Group opportunities supported by this unique program, and aimed at supporting veterans in their dreams of entrepreneurship.