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Success Story: Veteran Business Owner

January 15, 2014

David Otano is owner/operator of Coqui Disposal Services LLC, an 8A and Service Connected Disabled Veteran Owned Small Business providing refuse disposal removal services that was formed in March of 2008. He is president/owner of Coqui Disposal Services, LLC and has been a Veteran Business Outreach Center (VBOC) client from initial start-up in February 2008.

David has built his business by successfully submitting proposals on and winning small sub contracts to haul and dispose of trash at Tyndall Air Force Base within months of start- up. VBOC assisted David with preparing a capabilities statement and guiding him through use of his Service Connected Disability Status for proposing on set-aside procurement opportunities in Government contracting.

The discussion of David acquiring 8a company status began as early as October of 2008, as well as discussions on registering with the Veterans Administration through the CvE program in their closed bidding system for Coqui to provide waste disposal services to the Veterans Administration (VA). David is currently working under a $3,000,000, Sub contract to provide waste removal at Tyndall Air Force Base. (more…)

Traditional Crowdfunding Can Help Vets Start Businesses

April 11, 2013
Veteran crowdfunds for franchise, hires six employees 

Many veterans come home to a persistent high unemployment rate and a mountain of debt. They’re not welcomed by banks for small business loans because of their bad credit, their lack of assets and at the beginning, no cash flow. However, certain franchises are inexpensive to get into, and finding the kind of money that veteran Larry Colley needed to acquire an air conditioning service business can be relatively easy via crowdfunding.

Through the veteran themed crowdfund platform Sprigster, Colley found $4000, and soon after hired six people. This is surely one of the best ROI for jobs on record.

For determined veterans seeking to start a small business in a local setting, the help of friends, neighbors, veterans groups and eager consumers can quickly turn a well conceived dream into reality, with a built-in fan base. (more…)

Farming Can Ease Return to Civilian Life

October 1, 2012

When many people think of the term “small business,” quaint shops or down-home restaurants often come to mind. But small farms offer growing (pardon the pun) business opportunities, particularly for entrepreneurial veterans.

And the timing couldn’t be better. Interest in sustainable, organic farming and locally sourced food products has found a new home with Millennials who embrace these trends—and have the money to support them.

Farming can provide veterans multiple advantages. The nature of farm life itself can be a strong draw, offering the opportunity to be your own boss and to see tangible results from your work. Organizations working with veterans note that the decision-making skills and discipline of military life translate well to running a successful farming operation. (more…)

Three Important Technical Skills Veterans Can Bring to Your Business

September 7, 2012

The compelling reasons for hiring veterans cover the gamut, from the benefits veterans can bring to your company to the tax credits you might receive if you complete a little paperwork. Employees exuding qualities like leadership, adaptability and working well under stress can help any business achieve greater heights.

Yet considering veterans for those qualities alone is only tapping into a small portion of their potential. Many veterans can enlist in your workforce with technical skills that can be a boost to your business. But, in many instances, you have to dig to discover what technical skills lie under the surface. As you interview and evaluate veteran candidates, see if they possess any of these important skills.

1. Mechanical skills. What the military uses, the military repairs. If you’re an entrepreneur in a mechanical field—or own a business with many mechanical assets, like a warehouse or towing company— see what mechanical skills vet applicants can bring to your shop. Some skills may not be listed because they’re not within the scope of a veteran’s former assignment. (more…)

Capitalizing on Tax Incentives for Hiring Veterans

August 6, 2012

While many entrepreneurs gripe about the tax burden government puts on small business, Uncle Sam does, on occasion, reward small business owners for doing the right thing. And when it comes to hiring veterans, the federal government provides tax incentives that encourage one of the best decisions a small business can make. But, in most cases, you’ll have to act fairly quickly in order to qualify for these tax credits.

The Returning Heroes Tax Credit

Signed into law on November 22, 2011, you only have until January 1, 2013, to qualify for this two-fold tax credit. The Returning Heroes credit is different based upon the length of the veteran’s unemployment.

· Short-term unemployment. If the veteran you hired was unemployed for at least four weeks, your business qualifies for a credit worth 40 percent of the veteran’s first $6,000 in wages (a $2,400 maximum credit).

· Long-term unemployment. If the veteran you hired was unemployed for longer than six months, your business qualifies for a credit worth 40 percent of the veteran’s first $14,000 in wages (a $5,600 maximum). (more…)