Veterans and Small Business

In the current economy where unemployment rates are already elevated for people in their twenties, the rate for Veterans sits at approximately 5% higher than the population as a whole. At the same time the SBA reports that veterans are more likely to start a business than the general population. Some reasons for this include the discipline and risk-taking they might have experienced in the field- when you’ve risked your life, taking a risk to start a business is put into an easier perspective. When you’ve been trained to get back up and keep going in the field, and to work precisely and closely with others, well, those are extremely useful entrepreneurial traits.

Because of the internet, the options for creating business and services create opportunities exist that weren’t imagined by veterans of previous eras. Even severely impacted people who might have needed in the past to be supported to live, are now often likely to need support to start something.

A welter of loans and grant programs for people with disabilities can be researched through the SBA and the Defense Department. But first it helps to know what one is doing and have a sense of the desired destination.  (more…)

For those actively serving, returning home from duty or looking to leverage skills gained as veterans from different service eras, we’d like to thank you for your service—and help you on your tour of duty in the private sector.

You’re likely already familiar with the 100,000 Jobs Mission, a military-private sector initiative to place veterans and military personnel into full-time employment. In addition, the VOW to Hire Heroes Act offers tax credits for employers that hire unemployed and service-disabled veterans. So finding a job in corporate America is, hopefully, becoming less difficult for former military personnel.

But what if you have that insatiable itch to strike out on your own? If you’re a burgeoning entrepreneur, check out these three opportunities unique to veterans, all designed to help you start your new business or grow its operations.  (more…)

The risk and stress involved can be overwhelming and can take it’s toll on the entrepreneur. At the end of the day, if all goes well it will be the most rewarding decision an entrepreneur will ever make.

Giving up a comfortable corporate job with excellent benefits and perks is truly a tough decision. A decision not to be lightly.

Transitioning out of the military and not having a job lined up can be extremely stressful. For many Veterans this is the reality. Especially for an Army Reserve or National Guard soldier that has just returned from a long deployment.

Many of the soldiers today find it hard to maintain long term employment because they don’t know if/when their next deployment is going to happen. A lot of young soldiers have taken on the role of a part time Active Duty soldier bouncing from deployment to deployment. Eventually they tire of the life or the deployments dry up and they are forced to seek full time employment.  (more…)

They served and fought on our behalf. They devoted years of their lives and many endured repeated deployments. Now is our opportunity to help them in return. 26% of returning veterans are not looking for a job or a degree: they’re looking to get into business for themselves, and we should all be contributing in one way or another to help. We can help returned vets build new lives and thrive as they launch new business and grow their piece of the “American dream” in these tough economic times.

Imagine the impact it would have if millions of experienced business people individually stepped up and did just one thing, like mentoring, coaching, investing, creating strategic partnerships, making introductions to contacts and connections to help further an enterprise, donating or discounting equipment or materials, office space, and so much more that might be needed. What a powerful thing it would be to show our gratitude in this way and pay it forward to help support local veteran entrepreneurs in our towns and neighborhoods all across the country. Imagine if the rest of us were to make a point of buying their products and services and do whatever we can to help give them a leg up.  (more…)

America is the land of opportunity and nobody knows that better than the men and women who have served in the Armed Forces protecting our Freedom both here at home and in foreign lands. We understand it because we have seen what it is like when people don’t have Freedom, Liberty and the Pursuit of Happiness.

Personally, I’ve served in both Bosnia and Afghanistan. In Bosnia I witnessed as people who had lived under a communist dictator for decades, suffered through a brutal civil war and then tried to learn the values of Freedom and capitalism. Fast forward 5 years and I found myself in Afghanistan which, while completely different culture, terrain and ethnic background, was undergoing the same transition after we ousted the Taliban. Witnessing and enabling the transition to a FREE society is an amazing experience and I believe that without it success is not possible.

The first step in Success stems from the three important factors that I believe are critical for success. First, as I mentioned, you need FREEDOM. Freedom is essential to allowing people the opportunity to be successful. The day I realized what freedom meant was a very hot day in Afghanistan. I was pulling security on the street while my team was inside a building. A small girl probably 5-6 years old approached with an older gentleman. Every bad thought was running through my head. Like does she have a bomb strapped to her?  (more…)