AMGEN
 

business ownerBy Debbie Gregory.

Starting a business involves planning, making key financial decisions, and completing a series of legal activities. But for many Veterans, transitioning from service member to CEO may be a more natural path than they might have imagined.

Most experts agree that the two biggest components for Veterans preparing to start their own businesses are choosing the right kind of business for them, and securing capital. They also recommended that aspiring business owners take time to think about where their passion lies.

VetFran Manager George Eldridge encourages Veterans interested in business ownership to do their research and examine all possibilities.

“In the military you think, ‘I can’t fail,’ but sometimes you have to think about the risks you’re getting into and have a balanced expectation when getting into something like this,” he said.

Veterans who are considering franchise ownership may want to start by surfing VetFran’s website. With more than 100 different franchise industries to peruse, there is something for every interest. The most popular franchises are in the food industry, followed by hospitality, home-based businesses, child care and pet care.

Although VetFran does not offer funding, it connects Veterans with funding assistance by working closely with the SBA and lenders within its supplier group.

The SBA offers a checklist for Veterans interested in starting a business. It suggests starting with a business plan, which is like a roadmap to determine your starting point, where you are going, and how to arrive at success through proper planning, preparation and management. The checklist also covers things like licenses, tax ID numbers, taxes, finance, location, etc.

Financing opportunities are plentiful for Veterans. The SBA, through its 68 field offices around the U.S. and 1,000 resource partners, has Veterans Business Outreach Centers around the country offering information on how to gain access to capital.

For Veteran-specific programs, the SBA helps businesses obtain reduced loan fees for any loan under $350,000.

Leveraging Information and Networks to Access Capital (LINC) is an online tool that connects loan seekers and lenders. By answering just a few questions, applicants can reach out to lenders all over the country.

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: Ready to Start Your Own Business?: By Debbie Gregory

vamboa small bizBy Debbie Gregory.

While California has many qualities to brag about, great weather, a beautiful coastline, and more tourist attractions that any two-week vacation could do justice to, the state does have one very big black mark.

California was rated the worst state in the country for small business owners. According to a survey conducted by Thumbtack, last year the Golden State resulted in an “F” rating based on categories such as ease of hiring, regulations, and training and networking programs. California earned a grade of F for its labor, health and safety, and environmental regulations, and a D for its tax code, licensing, and zoning laws.

Among the states rated at the top was Virginia, the high ranking based on the friendliness of its health and safety, labor, and licensing regulations. Also highly rated were Texas and Utah.

Keeping California company at the bottom were Rhode Island, Illinois, and to a lesser extent, Connecticut and New Jersey.

If you’re curious as to how your state ranked in the Thumbtack survey, you can view the results here: http://www.sbecouncil.org/wp-content/uploads/2015/04/BTI2015SBECouncil.pdf .

As far as the best places for employees to work for small business, WalletHub looked at 100 of the country’s largest metro areas, considering the number of business with less than 250 employees per every 1,000 residents, small business job growth, diversity of industries, percentage of small businesses offering health insurance to employees and employee earnings adjusted for cost of living.

North Carolina accounts for two of the top 10 locations, with Charlotte taking the number one spot, and Raleigh taking second place. At the other end of the spectrum, the Youngstown, Ohio area takes the title for the worst metro area in which to work for a small business, followed by Stockton, California. The Stockton metro area holds among the lowest rates of small business job growth, lowest numbers of small businesses per 10,000 residents, and lowest earnings for small business employees when adjusted for cost of living.

California holds three places on the “bottom ten, “with Fresno and Bakersfield also joining the ranks. Like Stockton, Bakersfield suffers from low small business job growth, and few small businesses per 1,000 residents.

Sorry, California. But you’re a great place to visit!

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: The Best and Worst States for Small Businesses: By Debbie Gregory

SBDC Training Schedule

 

Special Engagement Event

Small Business Brigade

In Partnership with The Jonas Project

Funded by Blackstone Charitable Foundation

At the beginning of May, we are hosting a very special engagement:
Small Business Brigade*.
 Please note the overall program has been postponed a week.  Please note the new dates below:

NEW DATE:
Fridays,  May 1, 8, 15, and 22, 2015

Time:
9:00 am – 1:00 pm

Location: Long Beach, CA   

Fee: FREE

Parking: Parking Passes are currently $2 and can be bought at the parking machine located
at parking lot entrance in front of Building #O-1.

*The Small Business Brigade is a multi-session training program designed to teach participants about the fundamentals of starting a small business.

Topics include:  business planning, building an online presence, legal formation, government procurement/certification, business financing options, financial recordkeeping and online/web
strategy.

If you would like to attend this event, you will have to register ahead of time by either going to our website

www.longbeachsbdc.org/calendar
 or by clicking the button below:

 

 

 

 

 

Long Beach College Logo

SPONSOR a Seminar for $300.00 and receive:

  • Email promotion to over 5,000 Long Beach Area Businesses & professionals.
  • Sponsor logo on all SBDC at Long Beach City College marketing and promotional materials.
  • Presentation opportunity and materials at an SBDC at Long Beach City College seminars
  • Complimentary admission for two sponsors representatives 

The SBDC hosted by Long Beach City College Small Business Development Center serves the Greater Long Beach area. Our
experienced entrepreneurs provide workshops and one-on-one advising to fellow business owners at little or no cost. As your management advisors, we consult in areas such as finance, marketing, international trade, operations, social media, emerging technology,
and more.



SBA Logo

 

The Lead Center for the Los Angeles Regional SBDC Network is operated by Long Beach Community College District.
The Small Business Development Centers are funded by the U.S. Small Business Administration, center host institutions, state and local funds, and corporate partners. Funding is not an endorsement of any product, opinion, or service. All Federal and State funded
programs are extended to the public on a nondiscriminatory basis. Special arrangements for individuals with  disability will be made if requested in advance.


For Seminar and Sponsorship information please contact:

Small Business Development Center

Hosted by Long Beach City College

4900 E. Conant St., Bldg 2 Suite 108

 Long Beach, CA 90808

 Phone: 562-938-5100

Small Business Development Center Hosted by Long Beach City College

Boots to Business ClassesBy Debbie Gregory.

The U.S. Small Business Administration (SBA) has reached a huge milestone for their entrepreneurship training programs for Veterans. SBA Administrator, Maria Contreras-Sweet, announced on April 21, 2015, that the agency has trained 25,000 transitioning service members through its Boots to Business program.

The Boots to Business is an entrepreneurial education program that the SBA facilitates as part of the Defense Department’s Transition Assistance Program (TAP). All service members are required to complete TAP classes before they separate from their service branch. Boots to Business is offered as an optional portion of the TAP class to service members who are considering starting their own businesses after they separate.

The Boots to Business curriculum includes steps for evaluating business concepts, providing the fundamental knowledge needed for developing a business plan, and information on SBA resources available to help access start-up capital and additional technical assistance.

Beginning as a pilot program in 2012,  Boots to Business expanded nationally in 2013. In order to provide the education and training to service members and their spouses, the program utilizes SBA resource partners, including the Institute for Veterans and Military Families (IVMF) at Syracuse University, Small Business Development Centers (SBDC),Veterans Business Outreach Centers (VBOC), Women’s Business Centers (WBC), and SCORE.

Over the last two years, the Boots to Business program has been made available to transitioning service members and their spouses, at no charge, on more than 165 military installations around the world. The education and training program provides them the opportunity to explore the possibilities of business ownership and self-employment. It also helps them evaluate the feasibility of their business concepts, and connects the aspiring business owners to SBA’s network of resource partners.

This milestone is proof of the SBA’s commitment to serving the community of military and Veteran entrepreneurs. From the beginning of her tenure, Administrator Contreras-Sweet has made deliberate attempts to support and provide for Veteran entrepreneurs and Veteran-owned small businesses, which she believes are essential to turning around our nation’s struggling economy.

“My first day on the job was just over a year ago, and my first meeting was with Veteran entrepreneurs because I wanted to honor them and emphasize the value they bring to small businesses across the nation. We know Veterans have the courage and the determination to become great entrepreneurs, and the United States is investing in them,” said Contreras-Sweet. “Boots to Business helps our service members and their spouses explore careers in entrepreneurship by showing them how to apply their military skills to start and grow their business. Our Veterans deserve every chance at success, and our economic future requires that we help them acquire the skills necessary to start the next generation of great American businesses.”

For more information about the Boots to Business program visit www.boots2business.org.

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: SBA’s Boots to Business Program Reaches 25,000 Served: By Debbie Gregory

Successful team of business people giving high five in the offic

By Debbie Gregory.

The U.S. Small Business Administration (SBA) will be launching its Growth Accelerator Fund Competition that will award monetary prizes, totaling $4 million, to entrepreneurial ecosystems and accelerators.

SBA Administrator Maria Contreras-Sweet announced the competition last week at Manufacture New York. For the second year, the SBA will be conducting its Growth Accelerator Fund Competition, awarding separate prizes of $50,000 to winning entrepreneurial accelerators. In 2014, the SBA awarded 50 winners a total of $2.5 million in monetary prizes. For the 2015 Growth Accelerator Fund Competition, the SBA will award 80 winners with $50,000 each for a total of $4 million.

“We’re launching a second Accelerator Growth Fund competition to spur even greater opportunities for America’s small businesses,” said SBA Administrator Contreras-Sweet.  “Last year’s event was so successful, we’re looking forward to discovering and empowering the next trailblazers. Accelerators provide valuable resources to potential startups: a physical infrastructure to work in their infancy, mentoring, business-plan assistance, networking, opportunities to obtain venture capital, and introductions to potential customers, partners and suppliers—all critical elements to ensuring that small businesses flourish and succeed.”

Accelerators provide mentorship and guidance to startup small businesses, and are a vital resource for entrepreneurs. The SBA uses the Growth Accelerator Fund Competition to support the development of accelerators and the startups that they support, especially in industries and areas of the country where there is limited access to startup capital.

For the Growth Accelerator Fund Competition, several panels of judges, both from the public and the private sectors, will select the winners. While “Accelerator” is in the name of the competition, it is also open to incubators, shared-tinker spaces, co-working startup communities and other models that promote multiple startup businesses.

The panel of judges will give special consideration for accelerators in under-resourced geographic locations. They will also look to support accelerators headed by or that support women or other underrepresented groups. The SBA has also ordered that manufacturing accelerator models be given special consideration, because manufacturing is critical to strengthening the U.S. economy.

The application period for the SBA’s Growth Accelerator Fund Competition will run from April 10 through June 1, 2015. To learn more about the SBA, accelerators and the competition, visit www.sba.gov or go to the 2015 SBA Growth Accelerator Fund Competition application.

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: SBA Announces Contest for Business Accelerators: By Debbie Gregory