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boots_to_businessBoots to Business is an introduction to starting a business for veterans and transitioning military. The entrepreneurial education and training program is offered by the U.S. Small Business Administration (SBA) as part of the Department of Defense’s Transition Assistance Program (TAP).

Speaking at a recent “Boots to Business” boot camp, rx James Williams, the lead economic development specialist for the Richmond, Virginia District Office of the SBA, told the story about a group of his peers who sold sandwiches to pay for college tuition.

“We laughed at them,” he said. “Fast forward to today — they’re called Subway.”

“Boots to Business” is part of a push to better prepare troops for life after the military and improve TAP, the target of many a veteran’s distain for what has previously been considered to be a superficial approach to transition. Formerly aimed only at troops close to separation, the program was recently opened to all veterans and troops, regardless of how much time they have left in the service.

Williams said that “Boots to Business” serves as a reality check about the very difficult road ahead for anyone starting a business. He added that the structure and discipline troops learn while in the armed forces serves them well in business, but that there’s often an adjustment to leaving the military bubble, with its free health care, readily available services and housing stipends.

“One of the big hurdles is becoming acclimated to civilian life again,” he said. “They have been in a protected kind of life, separated from the general population — some of them have separation anxiety.”

“What we’re really looking to do is give them a vehicle by which they can think about, ‘What is the feasibility of my dream?’ ” he added. “In the end, if you decide, ‘This isn’t for me,’ that’s still a success.”

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business CoachingContracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

Boots to Business: VAMBOA: By Debbie Gregory

SBA Wyoming District Office

Are you a Veteran owned business, looking for opportunities to expand?  Are you
registered in the free online databases required to do business with the
government?  Are you wondering if government contracting is a way to

grow your business?

If so, please register for Veteran Owned Business
Certification on Thursday, Aug 27, 2015 10:00 AM MDT at:
https://attendee.gotowebinar.com/register/4974244848480913922

You may also call Andrea Lewis, 307-772-7372, Deb Farris, 307-261-6503, or email [email protected] or [email protected] with questions or
to register. This free webinar will educate attendees on the requirements and
benefits of obtaining a veteran-owned or service disabled veteran-owned
certification for government contracting opportunities. It will also cover the
basic process that business owners will go through in obtaining the
certification and will help attendees prepare the required documentation.

After registering online, you will receive a confirmation email containing
information about joining the webinar. This webinar is brought to you by the Wyoming Procurement Technical Assistance Center

(PTAC) and the U.S. Small Business Administration (SBA).

 

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business CoachingContracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

smbusiness

By Debbie Gregory.

According to the Small Business Administration, veterans are 45% more likely to be self-employed than non-veterans. Veteran owned businesses are responsible for employing 5.8 million people and generating more than $1 trillion in revenue. That a trillion, with a “t.”

Over the next five years, is it estimated that more than 1 million men and women on active duty will return to civilian life. If the current trend holds, many of them will start their own businesses.

The business community and some government agencies are rallying to set these newest entrepreneurs up for success. Some examples of this are:

The Microsoft Software & Systems Academy is a bridge between serving in the U.S. military and creating technologies that improve lives.

“We already know that Veterans possess many of the hard work, strategic, problem solving skills to be successful,” said Chris Cortez, Vice President of Microsoft Military Affairs. “Whether they choose to start their own business or work for a large company, we want to support their desire to add new technology skills that they can turn into a long-lasting civilian career.”

The MSSA program is a full-time, 16 week, Information Technology (IT) job skills training program, for active duty US military service members who have received their separation date. Qualified participants are assigned to the MSSA program as their new place of duty and with successful completion, will be given the opportunity to interview at Microsoft for a full time position at Microsoft or one of our participating partners.

According to Cindy Bates, Vice President Microsoft U.S. Small Midsized Businesses, “It’s part of our corporate responsibility to assist in job creation by providing access to training, counseling and mentoring to help veterans embrace their entrepreneurial spirit and grow a small business.”

The SBA’s Boots to Business- ReBoot program is tailored for veterans who have already transitioned to civilian life, but have decided to pursue entrepreneurship.”

Another alternative is a business incubator, such as the Bunker. This program has been built by veteran entrepreneurs for veteran entrepreneurs. The Bunker targets existing veteran owned tech startups and aspiring entrepreneurs to come, create, and conquer the business world through their ideas, hard work, and strategy.

Perhaps one of these strategies will help you start up your business, or take your existing business to the next level.

WebBanners336x280By Debbie Gregory.

According to the U.S. Bureau of Labor Statistics (BLS),  the unemployment rate in America has dropped to 5.5%, the lowest that it has been since 2008. The unemployment rate among the Post-9/11 era generation of Veterans is at 6.5%, among the highest in the nation. Many government and private initiatives have started to hire more Veterans. But the answer to eliminating Veteran unemployment may not be solved by finding jobs for Vets, but rather by allowing them to create jobs themselves.

Veterans are 44% more likely than their non-veteran peers to start their own business, according to the BLS. Many have speculated that years spent following orders drives Veterans to want to call their own shots in their second careers. Others have guessed that after years of deployments and frequent PCS moves, Veterans want to create their own businesses in order to lay down roots for themselves and their families in a particular region. While there may be some substance to these hypotheses, the truth of the matter is that Veterans become entrepreneurs because it utilizes their knowledge and skills that were enhanced through their military experience.

Service members, especially those in leadership positions, wear many hats, much like business owners do. And much like successful military leadership, successful business ownership requires the ability to delegate, the discipline to stick to a strategy, and the fortitude to inspire yourself and others to continue in the face of death or failure.The willingness to work hard doesn’t hurt.

But in battle and in business, guts and glory aren’t always enough to accomplish your mission. Successful campaigns and successful business require proper training and knowledge of the tactics that will be used. That is why programs such as the Entrepreneurial Bootcamp for Veterans with Disabilities (EBV) are a necessary first step for Veterans wishing to start their own companies.

The EBV program is a partnership between several of the country’s top business schools and the U.S. Small Business Administration. The schools offer free courses in entrepreneurship and business management to selected Veterans and military spouses. The aim of the EBV program is to open the door to economic opportunity for Veterans and their families by developing their competencies in creating and sustaining an entrepreneurial venture.

No one should go into battle unprepared, and they shouldn’t enter into an entrepreneurial venture unprepared either. Make sure that you have the training that you need to start your business and then utilize VAMBOA to continue learning and growing as a Veteran business owner.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

BootsBusiness

By Debbie Gregory.

It is expected that over the next three to five years, pill more than 250, buy information pills 000 service members are expected to separate from the service each year. These Veterans will face stiff competition in the job market, viagra 40mg as well as a consistently higher unemployment rate than their non-veteran peers. With unique work and leadership experiences and a tradition of hard work and resiliency, these Veterans will look for alternative options to provide for their families. Economists contend that self-employment will help stimulate our struggling economy. With an abundance of opportunities provided to them by federal, state and local programs, combined with the desire to work for themselves after their service, many Veterans will seek out entrepreneurial ventures. For these Veteran Entrepreneurs to be successful, in addition to the leadership skills and drive that they developed in the military, they will need to acquire the knowledge necessary to run a business. One of the most effective programs for Veterans launching their own businesses is the Boots to Business program. Boots to Business is an entrepreneurial education program offered by the U.S. Small Business Administration (SBA). This program is an elective track within the Defense Department’s revised Transition Assistance Program called Transition Goals, Plans, Success (Transition GPS).  The course is offered in three parts. The first part, the Entrepreneurship Track Overview, is an introductory video shown during the mandatory five day Transition GPS course. The second part is a two day classroom course called Introduction to Entrepreneurship. The third part is an eight week instructor led, online course called Foundations of Entrepreneurship. This section offers detailed instruction on the elements of a business plan, and tips and techniques for starting a business.

The Boots to Business curriculum provides indispensable knowledge to transitioning service members who are interested in exploring self-employment opportunities. The program guides soon-to-be Veteran Entrepreneurs through the stages of business ownership, including evaluating business concepts and developing a business plan. Participants in the Boots to Business program are also introduced to the SBA resources that they can use to access startup capital and much more.

Having a sound business plan is critical to getting the startup capital and other lending approved. The Boots to Business program will help Veteran entrepreneurs develop and implement a business plan that will raise their chances of obtaining the funding to get their businesses off the ground.

The best part of the Boots to Business program is that it is available free of charge at participating military installations to service members who are retiring or otherwise transitioning from the service, as well as their spouses.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: What Boots to Business Does for Veterans: By Debbie Gregory

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