NJ SBDC Serves Military Service Members and Spouses with “Boots to Business”

October 18, 2016

NJ SBDC "Boots to Business"The New Jersey SBDC at the Rutgers School of Business in Camden, New Jersey, has been conducting the “Boots to Business” Entrepreneurial Program at the Fort Dix/McGuire Air Force Base in Lakehurst, New Jersey for the past two years. Partnering with the Small Business Administration Office of Veterans Business Development, Americas SBDC and the New Jersey SBDC, the Rutgers Camden SBDC has lectured hundreds of returning soldiers seeking to start their own businesses.

“Boots to Business” enables military service members and their spouses to explore careers in business ownership and self-employment, by showing them how to apply their military skills to start and grow a business. It helps them evaluate the feasibility of their business concepts and connects them to SBDCs and other SBA resource partners.

Robert Palumbo, Regional Director of the Rutgers Camden SBDC, and his staff find the opportunity to help returning soldiers fulfill their dreams of owning their own businesses to be an honor and a privilege. “It has been an honor to give back to our military. The classes have been dynamic and engaging. The skills the students learn will be transferable as they embark on their ventures,” says Guy Salisch, SBDC consultant at the Rutgers Camden SBDC.

“Boots to Business” is offered by the U.S. Small Business Administration (SBA) and SBDCs across the nation as a training track within the Department of Defense Transition Assistance Program (TAP). The program is available on more than 165 U.S. military installations worldwide. More than 25,000 military service members and spouses have been trained since the program started in July, 2012.

For more information on the program and where it is offered, click here.

Why Military Veterans Should Become Entrepreneurs

July 5, 2016

By Mark L. Rockefeller, CEO, StreetShares

American-flag-on-brick-backgroundI’m one of the 2.5 million veterans who served in Iraq or Afghanistan. I’m also an entrepreneur. And I’m not alone. The men and women of today’s armed services are uniquely positioned to become successful entrepreneurs.

To my fellow veterans:

You have what it takes. By nature of your military service, you possess the skills that are required to run your own business. As a Soldier, Sailor, Airman, or Marine, you learned the importance of communication, focus, and drive to accomplish the mission at hand. You’ve encountered problems that need to be solved on the fly and you’ve done so instinctively. Recall one of the earliest reports from Operation Enduring Freedom: U.S. special operations forces in Afghanistan coordinated precision airstrikes from laptops on horseback—21st Century technology met old-fashioned creativity to get the job done. That’s called entrepreneurship.

You are a leader. You’ve already acted with more poise under pressure than most people do in a lifetime. You’ve shown bravery in the most daunting situations one can face. These experiences will naturally yield positive results in a position of leadership; people around you will seek your guidance and direction, knowing they can trust your judgment. Use this to confidently build a team and lead them to success.  (more…)

Helping America’s Servicemen and Servicewomen Transition to Business Ownership

November 11, 2015

boots-to-businessHelping America’s servicemen and servicewomen make the move from military service to business ownership is an important mission of the America’s SBDC network, and we are proud that one of our own has been named a “Boots to Business Instructor of the Year.” That honor goes to Robin Stephenson, Business Advisor at the Watertown, New York SBDC.

Robin has been working to help our men and women in uniform transition to civilian life as business owners since before the creation of the Boots to Business program, and when Boots to Business came into being, Robin quickly got the program up and running for the Watertown SBDC at Fort Drum.

In its announcement of this year’s “Boots to Business Instructor of the Year” award winners, the SBA said in part:

“Our military veterans have made priceless contributions to the peace and security of our nation. Each year, thousands of veterans transition to civilian life. Many of them decide to use the discipline, skills and leadership abilities they cultivated while in the military to build a small business. Entrepreneurship is how many veterans take advantage of the opportunity to contribute to the well-being of the U.S. economy….

Boots to Business gives military service members and their spouses the opportunity to explore business ownership, helps them evaluate the feasibility of their business concepts and connects the aspiring business owners to SBA’s network of resource partners….

This year the Boots to Business program reached a milestone, having trained more than 30,000 transitioning service members and their spouses since the program began in 2013.”

To learn more about Boots to Business, click here. For the full SBA announcement, click here.

Army Veteran’s Business Battles Bullying

October 23, 2015

UTSA-Success-Success-Army-Vet-Battles-BullyingSuccess Story: Texas

“The (UTSA SBDC) staff are experts in leveraging business acumen and providing resources, advice and access to avenues that help small-business owners start and grow their business. I highly recommend them to any veteran starting their own business.” – Tim Porter, Founder & CEO, Appddiction Studio

Tim Porter planned on a long career in the military, quickly moving up the Army ranks for nearly 10 years. But one instant changed everything. Stationed at Camp Casey in South Korea in 1998, a bomb exploded in Porter’s hands during a training exercise.

Over the next 15 years, Porter would enter the information technology field and climb the ladder much like he had in the military. With the help of friends, reading books and watching tutorials, he taught himself how to develop apps.

With the help of UTSA’s Small Business Development Center, he became founder and CEO in 2011 of Appddiction Studio. Porter and his team develop apps, Web-based application-management consoles, and application-based software product design.

The first app that Porter and his team created is called Stop Bullies. It allows students who witness bullying to anonymously and immediately send a text description, picture, video or voice recording of the incident to school administrators via a smartphone or tablet PC.

Read the whole story, and learn more about the University of Texas San Antonio (UTSA) SBDC and Appddiction Studio.

Doing Things the Right Way – Air Force Veterans Build a Business

September 25, 2015

Montana - Electric City CoffeeSuccess Story: Montana

“The one thing that came out of our work with the Great Falls SBDC was our logo branding. We never even considered branding. Now, we’re renting cars and buying billboards with a simple, highly recognizable indication of who we are.” – Thad Reiste, co-owner of Electric City Coffee

After retiring from the Air Force, Thad and Heidi chose to return to Great Falls, Montana, go to work for an existing business, learn from the ground up and then buy it. They purchased The Daily Grind (recipes and equipment), relocated it, rebranded and made their shop more than just a coffee shop. They created a food experience.

Thad and Heidi came to the Great Falls Regional SBDC for help in business planning, financial analysis, and marketing. Jason Nitschke, their SBDC Business Advisor, provided the tools they needed for success and continues to analyze their financial statements quarterly, discuss staffing issues, and strategize their marketing approach.

Jason says about the Nitschkes: “As Air Force veterans, I’m not surprised at Thad and Heidi’s attention to detail but I’m proud that they wanted to plan every detail. From budget to menu planning, they are on top of everything, even though they’ll tell you they don’t know what they’re doing. In my opinion, there’s no substitute for planning for your future and making calculated decisions. They are the epitome of doing things the right way.”

Since its inception, Electric City Coffee has created six jobs, and has been a part of the revitalization of downtown Great Falls. Thad & Heidi have also become regular participants in the Transitioning Service Member program offered at Malmstrom Air Force Base, speaking to Boots to Business attendees.