Veterans looking to go into business for themselves are particularly attracted to franchises, according to recent research. A new 12-day intensive franchise training program at Nova Southeastern University’s International Institute for Franchise Education (IIFE) could help prepare these vets to make the transition from the military to franchising.
Called the Veterans Business Edge, the educational program will run July 11 to July23 at Nova's main campus in Davie, Fla., and aims to help train veterans on how to run their own businesses.
The program will provide military veterans with information about opportunities that exist and how-to training in entrepreneurship, franchising and sales. Additionally, it will help them leverage and apply senior leadership and decision-making skills gained during military service into the civilian business world.
The U.S. Small Business Administration reports that former military officers are 55.6 percent more likely (and veterans in general 45 percent more likely) to become entrepreneurs than their civilian counterparts with no active-duty military service.
“Making the transition from military life into the civilian business world can be a challenging and sometimes daunting endeavor,” said Cheryl Babcock, director of executive education and founding director of IIFE at Nova’s H. Wayne Huizenga School of Business and Entrepreneurship.
Two days of the business boot camp focus on franchising opportunities for vets.
"It's great to see this tradition that my father started after the first Gulf War grow with the Veterans Business Edge program now being offered by Nova Southeastern University’s Huizenga Business School," said Dina Dwyer-Owens, chairwoman and CEO of the Dwyer Group. VetFran is a program of the International Franchise Association and includes over 400 franchisors that offer franchising financial incentives to veterans of the U.S. Armed Forces.
The Veterans Business Edge business boot camp is led by a team of highly regarded instructors from both academia and the business world, all who have expertise and real-world experience. Many are former military leaders who have made the successful transition from the military to the business world. A few of the topics that the instructors will speak about include the basics of entrepreneurship, how to be successful in sales, negotiating successfully and finance for nonfinancial managers .
“Our new program is unique in that many of our faculty members have been in the students’ shoes before and know firsthand just how intimidating it can be starting out in the highly competitive business world,” Babcock said. “This is the first year we are offering the Veterans Business Edge, and we are looking forward to preparing veterans with the tools they need to pursue their goals.”
Veterans can use their military education benefits toward the costs of the program’s $5,625 fee, which includes books and program materials. For more information, a complete agenda or to register for the program, contact David Harris at 800-672-7223, extension 25079 or firstname.lastname@example.org.
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