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 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

New Jersey District Office

              WHEN: Thursday, January 15, 2015
TIME:   10 a.m. – 11:30 a.m.

How to connect to the Webinar through Your PC:  <CLICK HERE>
How to connect with your telephone only (no computer)
1. Choose one of the following numbers to dial:
* Caller-Paid number: 646-746-3008
* Toll-Free Number (in USA): 888-858-2144.
* Blackberry (Caller-Paid): 6467463008×4719200#
* A number in your country or in a country close to you (may be toll free): <Click Here>

When prompted, enter the Meeting Access Code: 4719200#. To prepare in advance for the conference (for all devices):<Click Here> . To view supported Operating Systems and devices: <Click Here>

For additional information about this webinar, please contact Janett Peralta-Torres at 973-645-4651 or via email at


This 90 minute-long webinar will cover: • Eligibility requirements for 8(a) certification • Technical assistance available through the 8(a) Program • Common misconceptions about the 8(a) Program • The top reasons why an 8(a) application is declined or returned.

Those who wish to participate should have a minimum of two years in business. This is a perfect program for small disadvantaged firms to gain access to federal government contracting opportunities. A firm that is controlled at least 51 percent by socially and economically disadvantaged owner(s) can receive sole-source contracts up to a ceiling of $4 million for goods and services and $6.5 million for manufacturing.

The New Jersey district office is in need of companies that have been in business two or more years and have experience in the following areas: *Custodial Services *Environmental Services *Food Services *Landscaping *Pest Control *Trucking *Moving & Storage *Armed & Unarmed Guards *Specialty Construction Trades *Plumbing *HVAC *Electrical *Paving and Roofing In addition to those areas of expertise, we are also looking to manufacturers of electronic related items or machine shops.

Please join us on the Jan. 15th learn about SBA’s 8(a) Program and whether your firm can benefit from receiving certification.

Remember the Meeting Access Code is: 4719200#

image003Taking place over three Mondays – January 12th, January 26th  and February 2nd,  the Small Business Brigade Entrepreneur Program is an all-encompassing entrepreneurship training program.  In the Long Beach, CA program, each military veteran or spouse of a veteran will learn about business planning, marketing, legal structures,  web development, accounting and finance taught by current business owners.  Upon completion of the training program, each participant will be assigned a business advisor who assists you one-on-one as you complete the planning stage and start your business. If you are looking to start your own business and do it the right way then this program is for you! *Particpants must be a Veteran or the Spouse of a Veteran*

For more information, go to:

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!
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,, 401-278-9173 
Date: 1/5/2015

VAMBOA TipsOwning and operating a small business is one of the most demanding career choices that Veterans can make. Starting a new business is not a get rich quick scheme. Most newly-minted small business owners may have to put in a lot of hours and hard work in the beginning, but it pays off in the long run. Here are some tips provided by Veteran business owners that new small business owners might find useful:

Set the standard: As the owner, your employees will do as you do. Therefore, you need to lead by example. Whether its customer service, personal grooming, keeping your business clean or any other function specific to your company, hold yourself to the highest standard, one your employees can proudly emulate.

Put customer satisfaction before profits: When your customers are thrilled with the products and service that your company provides, they will return again and again, giving you repeat business. If, as an owner, you are more concerned with profits than your customers, it will show, and customers may not do business with you in the future. Customers are what generate profits.

Don’t neglect to pay yourself. You and none of your employees should ever go without pay. If your personal finances are a mess, it will distract you from what you need to do to help your business grow.

Learn from your mistakes: Small business ownership is not an exact science. There is not one book with all of the definitive answers containing the hidden secrets that your business can use to guarantee success. Small business ownership is all about learning your customer base, the community, and how to bring your business to them. Be aware of the risks, make bold decisions, and then learn from them.

Employees are your business’ most effective resource: Learn how to delegate, and don’t micromanage. Start by hiring the right individuals to work for you, and then, let them do their jobs with you as their confident, but not stifling leader. This ties in with customer satisfaction; customers who want good service know when they are dealing with employees who truly understand their job and do it to the best of their ability, and when an employee is handcuffed by micromanagement. No customer wants to repeat business with a firm whose employees aren’t capable of providing good service.

Show up: There will be days when you won’t feel like going to work. And as the boss, it would be easy to just take the day off. But don’t let the temptation to slack off a little ruin your business… because it will, if you let it.

Keep your integrity intact: At the toughest times, it may seem conceivable to shortchange a customer or employee, or hide a receipt from the taxman. But taking ethical shortcuts will always cost you in the long run. Besides, would you do business with someone who acted unscrupulously? Others might feel the same way.

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: Tips from Veteran Small Biz Owners: By Debbie Gregory