More veterans are embracing their frantrepreneurial side. Check out these facts and figures.
Source: Veteran Franchisees, We Salute You (Infographic)
Author: Rich Ashe
Richard Ashe is the founder and CEO of Veteran Franchise Advisers. He is a United States Marine Corps veteran with over 30 years of experience in business, entrepreneurship, and franchising. Richard served in the US Marine Corps from 1976 to 1983, where he was in the infantry and held the positions of Non-Commissioned Officer and Team Leader on a joint Marine, Navy, and Air Force task force.
Throughout his career, Richard has been involved in the launch of three software startups and participated in two successful IPOs. As an entrepreneur, he founded two businesses of his own. In addition to this, he has operated two franchises before establishing Veteran Franchise Advisers.
Richard's journey from serving in the US Marine Corps to working with Fortune 500 companies and eventually establishing his successful ventures is truly inspiring. He currently serves as the Chairman of the Board of Career Gear Houston and is a member of the Veteran Chamber of Commerce. His dedication to assisting veterans and his involvement in various organizations demonstrate his commitment to giving back to the community.
Franchising To Continue Growth In 2016
Franchising Continues Growth
The Franchise Business Economic Outlook for 2016 report from IHS Economics for the International Franchise Association (IFA) found that economic growth among the franchise sector surpassed the rate of growth for non-franchise businesses among the entire economy. The improvement for the franchise industry is in part thanks to consumer spending and employment expansion. According to No Limit Agency Chief Brand Strategist Nick Powills, the unique approach franchises take to business has been one of the keys to their success.
Here are some other highlights from the report:
Franchise business conditions in 2015 were good and according to the report will continue in 2016. The franchise sector is expected to continue to grow at a pace that exceed the economy-wide growth of industries where franchises are concentrated:
- Number of franchise establishments increased by 1.7% in 2015, and expect this pace of establishment growth to be maintained in 2016.
- Output growth of franchise businesses in will accelerate from an estimated 5.6% in 2015 to 5.8% in 2016.
IFA President and CEO Robert Cresanti said “We are forecasting that for the sixth consecutive year, franchise businesses will grow at rates that exceed the economy-wide growth of industries where franchises are concentrated”. “Franchise businesses are showing tremendous capability to provide new jobs for working families and new businesses for first-time business owners across all sectors in local communities.”
In a report by ADP, it found that 2016 job growth in the U.S. franchise sector was up by 18,500 in February. While the numbers fell shy of those reported by ADP in January, when franchise jobs grew by 20,000, they still reflected the impact franchisees have in creating employment opportunities.
Infographics courtesy of the IFA
About IHS Economics
IHS Economics is one of the leading economic analysis and forecasting firms in the world. With over 600 economists and industry specialists in 25 offices worldwide, IHS Economics offers market intelligence for over 200 countries and coverage of over 170 industries that helps more than 3,800 clients to monitor, analyze, and interpret conditions affecting their business. IHS Economics has an established track record for providing rigorous, objective forecast analysis and data to businesses, governments, and industry associations around the world.
Happy Veterans Day…Thank You For Your Service
Happy Veterans Day…Thank You For Your Service
There are many reasons why people join the military, to get an education, to change socioeconomic situation, family legacy, etc. The one thing that is at the core to all these reasons is the willingness and understanding that military service may require the ultimate sacrifice.
Politicians make war but it is the youngest of our men and women who fight them. Unfortunately, sometimes it seems the same politicians are the ones who are the quickest to forget as they seek their next office or next reelection. The 50th anniversary of the end of the Vietnam War is upon us and it is only fairly recently that these men and women have begun to be remembered and recognized.
It is up to all of us as citizens to ensure that those who were selected or volunteered to serve are never forgotten and are held up for the heroes and true role models of America and to also ensure that the lessons learned from each new war are never repeated.
This day, Veterans Day is to honor all who served their country, for the families that have an empty chair at the table, for the ones that returned but never made it all the way home. This is their day and on this day, please take a moment away from your day to think of what you can do, not only today, but everyday to honor those who served for the gifts they gave us all. FREEDOM, LIBERTY, AND THE PURSUIT OF HAPPINESS.
To all my brothers and sisters, THANK YOU!!
Semper Fi