Tackling the unemployment rate among veterans has proven to be an ongoing challenge, but what if there was a more effective option that will soon be here to help solve this crisis? What if there was an easier way for citizens of all ages to do their part to help veterans obtain jobs and even raise capital to start their own businesses? Something called the JOBS Act could potentially be the solution that veterans all across the United States have been waiting for. By combining the power of equity crowdfunding and the JOBS Act this could open the door to a whole new world of opportunities for veterans and society as a whole.
Government efforts to incentivize the private sector to hire young veterans have been effective, and we need to keep that momentum going. July’s statistics were very encouraging at 6.9%, but there is still quite a way to go. Veterans, like anyone else, deserve to have stable positions that provide steady income and given the opportunity they bring a lot of invaluable knowledge and leadership skills to the table.
So what exactly is the JOBS Act and how will it help veterans? In short, it’s a new bill that was passed earlier this year that will make equity crowdfunding legal beginning January 2013. Simply put, it will allow people the opportunity to legally raise capital from multiple investors to fund the launch of a new business. In other words, instead of having to go through the rigorous and overwhelming process of applying for loans or having countless job applications rejected, entrepreneurial veterans can now raise money from the vast pool of (previously unqualified) citizens, which will enable them to be self-sufficient by funding and launching a company of their own.
Look at current donation-based crowdfunding sites like Rockethub or Kickstarter to get a sense of where equity crowdfunding can take us. These platforms have helped to raise many millions of dollars by harnessing the power of the crowd and small donations. Veterans, perhaps even more than others, have the discipline, heart and drive to be successful business owners, and equity crowdfunding can help raise funds at a time when financing is hard to come by. Investigate sites like crowdfundingroadmap.com and startupexemption.com .
Being part of something that could not only change an individual’s life but change the world at the same time can be exhilarating. Be one of the few people in the country who will have the exclusive privilege to say they supported and helped launch “The Next Big Thing” from the very beginning.
Funding Roadmap is an innovative, networked business planning and due diligence reporting system for funding professionals and entrepreneurs alike. It also includes a video pitching platform, a document repository and deal flow marketplace so entrepreneurs will have an online medium to brilliantly communicate all the essential data – along with their personal passion and commitment.
Ruth. E. Hedges is the creator and CEO of Fundingroadmap.com. and Startups Across America. She has been featured in the New York Times, on ABC’s Home Show, and the Financial News Network did a two-part series on her for their show entitled ‘American Entrepreneur’.