3 Business Ventures with Great Opportunities for Veterans
You have plenty of business ventures you can pursue after returning to civilian life. Serving in the military gives you a mindset that can help you to succeed at anything you want. Here are three business ventures with great opportunities for veterans that you may want to consider.
Starting your own business as a fitness trainer is a great opportunity because you’re already fit and you have knowledge about building muscle, increasing endurance, and developing the right mindset. According to PTDC, many fitness trainers have college degrees, but it’s not required. Some personal trainers just have certifications. You only need a high school diploma and on-the-job training from a fitness trainer for this kind of position. The median annual salary of a fitness trainer is $36,160. You can work as a freelancer, or you can start your own business. It’s recommended to have a business degree if you want to own your own gym or fitness center. A related opportunity you can pursue is being a health and wellness coach.
Becoming a franchise owner lets you earn money from a business that’s already established. You get your own location, and you’re in charge of managing that space. According to Franchise Gator, there are a wide variety of options to choose from, including some that don’t require significant amounts of money from the start for funding. Examples of franchises include McDonald’s, Dairy Queen, Jersey Mike’s Subs, Anytime Fitness, Orangetheory Fitness, and Massage Envy. Some low-cost franchises can be operated from home, such as Cruise Planners and Dream Vacations. Income varies widely among franchise owners; it can range from $50,000 to $200,000 or higher. Only around 34% of food franchise owners earn $100,000 a year. The median income is $70,000. Education and experience requirements vary from one franchise to another. Veterans have what it takes to be franchise owners because they’re disciplined, passionate, and persevering.
Firearms Training Instructor
Because you’re already trained to shoot weapons, you can start a business as a firearms training instructor. You’ll need to earn certification before selling your services as a firearms training instructor. Besides that, there aren’t any other qualifications. However, Clarior Law suggests you take some precautions to protect yourself, such as getting NRA endorsed insurance and setting up your business to protect your family. The average income of a firearms training instructor is $40,000 to $100,000.
These three business ventures are great opportunities for veterans. Your military experience has equipped you with skills and qualities that make you a suitable match for these business opportunities. Choose something that you’d feel happy earning a living from. Remember to let potential customers know your business is veteran-owned as well since many people like to support these types of businesses.
If you’re starting your first business, check out these tips of things to remember when starting your new business!