New Year, New Career: Why 2020 Is the Year to Purchase a Franchise | VetCor

The excitement of New Year’s Day has passed, but the year is still young and ripe with possibilities. Though the turning of the calendar is a symbolic event, it is also a wonderful opportunity to reflect on where you have been and where you would like to go, especially when it comes to your career.

If you have been considering franchise ownership, the good news is that 2020 is shaping up to be the best year yet for becoming a franchisee, especially for veterans. Between the growth of the industry, the availability of funding and the ease with which research can be done, there is a lot to be said for changing your career to franchise ownership within the year.

The Franchising Industry Is Continuing to Grow

While the final numbers for the whole of 2019 are not quite in yet, it was one of franchising’s biggest years yet, and there is no reason to think 2020 will be any different. Across industries and locations, the franchising sector is only continuing to grow and be more profitable, meaning the demand for qualified franchisees has never been higher.

Funding for Veteran Franchisees Is More Readily Available

Getting adequate funding has long been one of the biggest barriers to franchising, but for veterans, the programs and services available are continuing to expand. Between the Small Business Administration’s introduction of the Patriot Express Loan and the other franchise funding resources available, there are many ways to get the capital you need to achieve your dreams.

It Is Easier Than Ever to Do Your Research

Making a well-informed decision of what franchise you will choose is an important aspect of the buying process, and thanks to the internet and social media, doing your research has become much easier than it has been in years past. Franchise brands have become more active on social media and are starting to release helpful blogs like this one, making them more accessible than ever for potential franchisees to ask questions.

If you have questions about franchise ownership, we are here to help! Get in touch to learn how we can help you have the career of your dreams.