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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 an ideal career path for veterans

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Veterans and Franchising – FBR Special Report

You’ve served your country. You’ve been a leader. You’ve had a defined role. When you come home, what are you going to do? Many people are asking themselves this question since over the next five years the Labor Department projects that 1.5 million service members will be leaving active duty.

Is franchising an ideal career path for veterans

Is Franchising an ideal career path for veterans?

If you would like to be your own boss, have structure, serve others, and leverage many of the skills you learned while in service veterans and franchising make excellent business partners.

A franchise owner enjoys the benefits of being in business on his own, but with the support of an entire team dedicated to making sure he is successful. This support and team mentality is similar to what you experienced while serving.

Franchising, in many ways, may be an ideal career path for veterans. Franchise owners who are self-motivated, driven, highly trainable, thrive within a team environment, and understand the value of following detailed systems, tend to succeed. Military service cultivates these traits.

Click the link to read more….

 

2016 Franchise Business Economics

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According to the IFA, “Franchise small businesses will once again grow at rates that exceed non-franchise business growth in 2016, according to the Franchise Business Outlook: 2016. 

Key findings from the report include prepared for the Franchise Education and Research Foundation by IHS Economics Include:

  • Franchise businesses will have a 3.1 percent growth in jobs, adding 278,000 direct jobs to the economy this year for a total of 9.1 million.
  • For the past five years, the average annual job growth in the franchise sector was 2.6 percent, nearly 20 percent higher than all businesses economy-wide.   Over the last five years the franchising sector has added nearly 1 million jobs to the economy.
  • The number of establishments will grow this year by 13,359, or 1.7 percent, to 795,932.
  • The IHS Economics forecast of output growth in nominal dollars for franchise businesses will increase this year by $52 billion, 5.8 percent, to $994 billion.
  • The gross domestic product (GDP) of the franchise sector is projected to rise 5.6 percent this year to $552 billion, adding $29 billion in GDP to the U.S. economy. The franchise sector will contribute approximately 3 percent of U.S. GDP in nominal dollars
  • Business format franchise businesses cross over 300 business lines that can be categorized into 10 general areas: Automotive, Business Services, Commercial & Residential Services, Lodging, Personal Services, Quick Service Restaurants, Real Estate, Retail Food, Retail Products & Services and Table/Full Service Restaurants.
  • While the 2016 Economic Outlook shows that all 10 areas will see growth this year, the lodging sector leads the way with 6.6 percent output growth. As overall consumer spending maintains a 3 percent growth pace in 2016, the outlook for the retail products & services, quick service and table service restaurant business lines and business services will continue to be among the growth leaders in 2016.