Many major franchises have stepped up to help small business owners succeed, especially those with franchise finance needs. The major corporations know the worth of good business practices and are looking to cultivate stronger revenue showings each year by adding extra levels of support to the entrepreneurs in waiting.
The UPS Store franchise network recently announced it would add $300,000 in financial incentives to its current Operation Enduring Opportunity initiative. This program, has sought to help up to 75,000 military veterans and family members by the end of 2014 through hiring and assistance in opening franchise locations.
The new addition will go to several qualified and interested veterans open new locations under the UPS franchise by reducing the financial hardship common among new business owners. Entrepreneurs in need of franchise loans should consider using a service like Boefly, which ensures the most efficient and effective application-to-acquisition process. Boefly is also a participant in the International Franchise Association’s VetFran initiative.
“The response and the stories we heard from veterans interested in joining The UPS Store family have been truly inspiring,” Stuart Mathis, president of The UPS Store franchise network and a member of the International Franchise Association Board of Directors, explained in the company’s release. “After hearing from the first 10 veterans, we wanted to do more. We’re excited to extend the incentive offer to another 10 veterans.”
The UPS Store franchise network, which holds the largest network of retail postal service centers in the United States, noted that veterans, in many regions, are among the hardest hit by unemployment rates.
However, veterans’ experiences in service often make them excellent candidates to start and operate successful small businesses. The enterprise cited U.S. Census data that showed veterans own more than 66,000 franchise establishments in the nation, employing more than 800,000 individuals.