Owning your own business, being your own boss – it’s the American dream. You can see it every Friday night on Shark Tank, or in commercials for Small Business Saturdays. It’s no surprise that military veterans make excellent entrepreneurs because of the skills they gained while serving. And in a challenging economy when jobs for military veterans may be scarce, a great option for veterans is to start their own business.
Entrepreneurs can be at the helm of a mom & pop corner store, or a major corporation like Enterprise Rental Car or Starbucks. But just because you have many of the required skills to be an entrepreneur, that doesn’t guarantee success.
A military veteran benefit for entrepreneurs comes in the form of a boost from the VA when starting or growing a business. While everyone knows that a major veteran benefit is education for veterans, many may not know that the VA will pay for other programs. Education for veterans offered by Small Business Development Centers (SBDCs), the most comprehensive small business assistance network in the United States, is one such program.
Entrepreneurship training through the SBDC allows eligible service members and veterans to use VA education benefits to take courses they offer. SBDCs can help you plan your veteran finances with business plan development, procurement, market research, lending assistance and more.
Those who are eligible to receive reimbursement for approved entrepreneurship courses include those eligible for any of the following VA Education Programs:
- Montgomery GI Bill – Active Duty
- Montgomery GI Bill – Selected Reserve
- Veterans’ Educational Assistance Program
- The Post-9/11 GI Bill
For additional information on using your military veteran benefits with SBDCs, visit the VA Entrepreneurship Training Web page.
To locate course offerings near you, or view training opportunities on the web, contact the Small Business Development Center directly athttp://www.sba.gov/sbdc/ or by phone at 800-8 ASK SBA.