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

SBA San Diego District Office

SBA’s participation in this activity is not an endorsement of any products, services or entity.

The National Association of Women in Real Estate Businesses (NAWRB) in collaboration with Veterans Preference Inc. prestents the Women in Housing Financial Fitness Road Show and Military Women in Business. This road show provides a specialized hybrid of women in housing and women in government outreach to teach women how to grow their businesses both vertically and horizontally.

Date: Thursday, May 21, 2015
Location: Courtyard by Marriott (Liberty Station), 2592 Laning Road, San Diego, CA
Time: 9:30am – 5:30 pm
Cost: $40 (Free to Active Duty/Veteran Females and Active Duty/Veteran Female Spouses.
(Lunch will be served)

Featured Speakers:

Photo: Ruben Garcia

Ruben Garcia, District Director, U.S. Small Business Administration, San Diego

Photo: Dana Wilde

Dana Wilde, Author of “Train Your Brain: How to Build a Million Dollar Business in Record Time”

Photo: Scott Burnett

Scott Burnett, One of the nation’s leading legal authorities on asset protection and tax education for business owners in America.

This event will feature:

  • How to qualify for an SBA Loan
  • How to win government contracts set aside for your business
  • How to stimulate brain power to create new ideas
  • How to start growing your business more quickly right now
  • How to have consistency in your income
  • How to keep more of what you make

Click Here for more information

Event Contact:  NAWRB – (949) 559-9800
www.NAWRB.com

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

Sacramento District Office

Contracting to the Federal Government for Veterans

Learn
about the various resources and training the U.S. Small Business Administration
(SBA) has available to assist Veteran-Owned Small Businesses obtain federal
government contracts. Counseling: Free counseling/mentoring
services from SBA’s Resource Partners such as the Veterans Business Outreach
Center, SCORE, Small Business Development Center, Women’s Business Center, and
the Procurement Technical Assistance Center. Contracting: The Veteran registration
sites and certification requirements such as SAM and VetBiz and the various
set-aside programs will be discussed. Searching for solicitations in FedBizOpps
and other Federal Government bid sites.

Wednesday, May 27,
2015
, 11:00 am – 1:00 pm

Cost: Free

Location: San Joaquin County
Hispanic Chamber of Commerce, 7500 West Lane, Stockton, CA 95210 (Conference
Room)

Registration: RSVP to attend at info@sjchispanicchamber.com

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