AMGEN
 

SBIR Road Tour

By Debbie Gregory.

Veteran entrepreneurs and small business owners need to utilize every resource available to give them and their ventures the greatest chances for success. That is why the Veteran and Military Business Owners Association (VAMBOA.org) is on a mission to connect Veteran business owners with resources and programs that can help them to achieve success. One such program currently being presented by the U.S. Small Business Administration (SBA) provides training programs in Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR).

The SBIR Road Tour is a national outreach effort by the SBA to share technology funding opportunities to innovators, researchers, entrepreneurs, and small tech firms through SBIR and STTR programs. Together, the programs provide $2.5 billion in funding to small advanced technology firms to help facilitate new technological discoveries and the commercialization of innovations.

Many of the communities who have historically underutilized the opportunities provided through the SBIR and STTR programs have collectively invited representatives of the programs to engage the eligible individuals and firms in their area, so much so that the SBA helped to organize the SBIR Road Show.

Every SBIR Road Tour stop presents Veteran entrepreneurs an opportunity to meet directly with state and federal SBIR/STTR program managers who provide funding to a wide array of innovative ideas. The SBIR Road Tour will be hitting twenty states throughout the U.S., so chances are it will be coming to a city near you!

The tour kicks off in the Southeastern U.S., beginning on March 24thin Louisville, Kentucky. The tour will run until August 21st, with its last date scheduled for Boise, Idaho. For a complete schedule of tour dates and locations, please visit www.sbirroadtour.com/dates.php

For more information about the SBIR Road Tour, its offerings, or to register for an event, please visit www.sbirroadtour.com today.

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: SBIR Road Tour: By Debbie Gregory

leader

By Debbie Gregory.

It seems that you can’t watch an hour-long news program without the mention of at least one of many hardships Veterans are facing. Along with VA scandals, there are struggles with PTSD, unemployment, homelessness, and underemployment. These societal ills have scourged all generations of Veterans, and are taking an extreme toll on the Post-9/11 generation. But from pain and discomfort, the strong usually seek ways to improve their situation. It is for these reasons that Veterans are 45% more likely to seek self-employment through entrepreneurial ventures that their non-Veteran peers.

But Veterans aren’t just shucking off their uniforms and conforming to life in business suits. They are taking their military experience with them into entrepreneurship, and getting positive results. Many in the business world are now looking to Veteran business owners as examples of the ideal business owner. Here are a few examples of why:

  • Efficiency- It is commonly joked about that the most effective military leaders are the ones who are free to goof around on their computer all day. While we know that this isn’t true, the culture of military leadership is to prioritize tasks and delegate work as needed. Veteran business owners are more likely to heighten efficiency by delegating tasks, freeing them up for more critical tasks.
  • Leadership- Everyone in the military answers to somebody else, and at some point in their career, most enlisted personnel have others below them. Taking and giving orders is a skill, just like anything else, and Veterans have had some of the best training around. Those with military leadership experience have the conditioning to make important decisions and assign tasks in a manner that can instill confidence from their employees.
  • Team Building- Veterans know that the key to accomplishing any mission is to have all members of their team working together, as one unit. It doesn’t matter if that mission is securing a building, cleaning the workspace, or meeting a sales quota, the principles are all the same, and Veterans have been conditioned with the mentality to apply that principle to any task.
  • Selling Commitment- Most living things instinctivelydo whatever they can to preserve their lives. Service members rush towards danger. That’s not by accident, that’s by mental conditioning and by being sold on a commitment to your comrades, to your unit, and to your country. There are no better cheerleaders and brand sellers than military personnel and Veterans.
  • Gathering Intel- This is an attribute that is often overlooked. But because of the thought process involved with immersing one’s self into battle, Veterans have been conditioned to study the field, know the rules of engagement, and keep a constant tally on their assets. This type of thinking is second-nature to those who have served, and comes in handy when developing and carrying out a business plan.

Veteran business owners apply these same skills to their businesses. There are numerous other skills and attributes that Veterans picked up through their military experience that contribute to their success as business owners. With the right resources and the right mindset, Veterans know that they can accomplish anything.

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: Five Examples Why Veteran Are Successful Business Owners: By Debbie Gregory

VAMBOA Millennial Veterans

The term “millennial generation” refers to people born between 1980 and 1999. This group of Americans, also called “generation Y” and “millennials,” are those who are aged 14-35 in 2015. The U.S. Census Bureau data shows Millennials as the largest demographic in history to date, at more than 80 million.

A report written by the U.S. Chamber Foundation, an affiliate of the U.S. Chamber of Commerce, titled “The Millennial Generation: Research Review” describes the millennial generation as technically savvy, “…almost as if it has a digital sixth sense.”

To go along with their partiality to smartphones, tablets and other technologies, members of the millennial generation are dexterous multitaskers. Millennials often have multiple browser windows open on their laptops, often while watching T.V., texting on their smartphones, eating, and completing homework. This generation is renowned for their ability to process multiple activities in rapid succession, so that it seems as if the activities are being completed simultaneously.

But one area where this diverse and capable generation is lacking in is their pursuit of entrepreneurial ventures. Studies, including data provided by the Federal Reserve, show that the number of American households led by persons under the age of 30 who own their own business has dropped from 10.6% in 1989, to 3.6% at the end of 2014.

Many may contend that this data lends to other conclusions, such as the fact that millennials aren’t claiming of head of household status. Just as members of the millennial generation are known for their using technology, they are also stereotypically profiled as still living at home, going to school, or living with multiple roommates. Factoring this data could cause the data to read differently, meaning that business owners from the millennial generation also need to be the heads of their households, disqualifying millennial entrepreneurs who live with roommates or one or more of their parents (even in a cohabitation situation).

We should also remember that millennials also make up the bulk of those who have been fighting the wars in Iraq and Afghanistan. There are many lending and business programs geared towards different industries and demographics, including many programs designed to benefit millennials, and specifically Veterans from the millennial generation.

The truth is that entrepreneurship is extremely important to the American economy, the country’s growth and global competitiveness. New companies, specifically those started by millennials, which also employ millennials, do much to boost the economy and create new jobs.

Veterans are some of the most experienced members of the millennial generation. And because of their war-time service, by way of their federal benefits and state and local provisions, they also happen to be among the leading companies that financiers are willing to work with.

Millennial Veterans are strongly encouraged to seek out entrepreneurial ventures to better their financial situation, be their own boss, and help the U.S. economy. Let the Veteran and Military Business Owners Association at www.VAMBOA.com assist you on your journey to business ownership.

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: Millennial Veteran Entrepreneur Wanted: By Debbie Gregory

 
SBA Rhode Island District Office
Learn the Step-by-Step Process to Get Your Veteran-owned Small Business Verified by the U.S. Veterans Administration
Veterans Verification Workshop
Date & Time:   Thursday, January 8, 2015
9:00am – 12:00pm
Location:         Commerce RI
315 Iron Horse Way, Suite 101

Providence, RI  02908
Cost:                 FREE!
Register:          www.riptac.org/training
The Veteran’s Verification Workshop will provide any Veteran Owned business with the
most important features of the U.S. Veterans Administration program for assisting small

businesses, the Veterans First Contracting Program, and a detailed look at the Center for

Verification and Evaluation (CVE) application and review process. Coverage will include

applicability of the Small Business Act and 38CFR and its effect on eligibility.
We will review each step in the verification process (pre-application through
determination) including online reference materials, self-assessment tools, briefs,

documentation required, and the most common and current challenges in successfully

completing the verification process.
Questions: Soraya Sundberg, ssundberg@commerceri.com, 401-278-9173 
Date: 1/5/2015

sharktankABC’s “Shark Tank” will air all-Veterans episode.

“Shark Tank” is a reality television show that captures the dramatic experience of entrepreneurs making a sales pitch to would-be investors. For this show, the would-be financiers are “sharks,” and they can be as ruthless as their namesakes.

Entrepreneurs  make their pitch to a panel of sharks, with the hope that one or more of them will make an investment in their business or product. The sharks can participate by giving capital in exchange for equity or royalties, or opt out. Most contestants are at the mercy of the sharks, but a select few have been creative or savvy enough turn the sharks against each other, sparking a feeding frenzy. Dozens of entrepreneurs have survived the tank to earn huge investments and financial backing.

The current list of sharks include: Barbara Corcoran, a real estate mogul from New York; Kevin O’Leary, a financial investor who made it big after selling his software company; Daymond John, founder of the FUBU clothing brand; Lori Greiner, the “Queen of QVC;” Robert Herjavec, who founded two successful internet security companies; and Mark Cuban, arguably the most recognizable shark as owner of the  Dallas Mavericks.

Since 2009, hundreds of entrepreneurs have braved the waters of ABC’s “Shark Tank” for a chance to convince the sharks to invest in their business or product. Just in time for Veterans Day 2014, the reality show will be airing an all-Veterans episode.

The special episode will air on Friday, November 7. This episode will feature a Navy SEAL from Tucson, AZ, an Army Captain from Louisville, KY, a Marine from Columbus, OH, and an Army Veteran from Front Royal, VA.

This episode of ABC’s “Shark Tank” is a great opportunity for transitioning service members and Veterans to see that entrepreneurship is a real path for them after service. The all-Veterans episode also gives the show’s viewers further insight to the struggles that Veterans have transitioning when their service to their country is through.

Be sure to check your local listings for ABC’s “Shark Tank.”

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: “Shark Tank” Airs All Veterans Episode: By Debbie Gregory