Veterans that are considering being an entrepreneur should look at the opportunities of purchasing a franchise. So many businesses today are not the “Mom and Pop” variety, they are a franchise operation. A franchise has a proven system in place, with training and operating procedures in place. There is also a built-in support system so you are not toally going it alone. In the military you are used to following a checklist and a Standard Operating Procedure (SOP), this is really what a franchise is. If considering purchasing a franchise, you will need to do your research. Look at the franchises listed in VetFran. The advantages of franchises listed here is that, in many cases, the franchisor will offer some type of incentive to veterans mainly a reduction in the franchise fee which could be several thousand dollars. You also need to review the Financial Disclosure Document (FDD) for that franchise to see how healthy that franchise is, referring to financial health. What is the initial period that you need to sign up for, what is the franchise fee, how much is paid to the franchisor monthly, quarterly, etc. What is the total investment? This really varies from franchise to franchise from some as low as $18,000. to many in excess of $100,000. Also look at the restrictions on territory, advertising, etc. It is also recommended that if you are going to require financing, then you may want to research which franchises are approved by the Small Business Administration, which could shorten the loan processing if the franchise that you are interested in is on the list. Becoming a franchisee can be a good pathway to owning your own business. There are so many types of businesses to choose from but you need to do your research so that you are well informed in every aspect of that franchise prior to initiating a purchase.