• Early Focus on Entrepreneurship Would Pay Dividends When Veterans Transition0

    Many veterans possess the critical personality characteristics, leadership traits and technical skills required to be successful entrepreneurs, but they leave the military unprepared to pursue the challenges associated with starting a new business. To better prepare service members to become entrepreneurs, DOD should provide them the necessary stepping stones needed to successfully transition to business ownership starting at the beginning of their service, according to a commentary in Stars and Stripes. One step is teaching service members the importance of financial flexibility, not only increasing savings but also minimizing monthly payments for a car or home, write J. Michael Haynie, Syracuse University’s vice chancellor of Veteran and Military Affairs, and Douglas McCormick, a former active-duty Army officer and co-founder of HCI Equity …

  • Entrepreneurship Initiative Brings Veteran-Owned Businesses to Fort Walton Beach

    Entrepreneurship Initiative Brings Veteran-Owned Businesses to Fort Walton Beach0

    A small city on the Florida Panhandle is attracting veteran entrepreneurs through an economic development initiative offering $25,000 grants to veteran-owned businesses willing to set up operations in Fort Walton Beach. The city offered grants to seven companies this year, along with an invitation to an entrepreneurial bootcamp, access to collaborative workspace in Fort Walton Beach for one year and exposure to potential investors, reported Stars and Stripes. Mayor Mike Anderson persuaded the city council to set aside $500,000 for the program with the aim of encouraging service members stationed at nearby Eglin Air Force Base and Hurlburt Field to stay in the area after they leave the military. “We have so many military who are retiring and separating here and going off because they don’t think there’s opportunity …

  • Utah Launches One-Stop Shop for Veteran Entrepreneurs0

    State and local leaders, along with representatives from veteran service providers, businesses and the U.S. Small Business Administration last week announced a new partnership designed to connect veteran entrepreneurs with training, education, loans, marketing and business guidance, college credit for military service and other support. The Utah Veteran Owned Business Partnership will provide Utah veterans — a population which stood at 150,000 in 2013 — a one-stop shop to help them transition to civilian life, reported Deseret News. “What we’re trying to do is make it easy for them to find those services and connect with them so they can spend their time and energy bringing jobs to the economy and progressing,” said Salt Lake County Mayor Ben McAdams …

  • Senate Panel Encourages Entrepreneurship for Veterans0

    The Senate Appropriations Committee praised the Small Business Administration’s “Boots to Business” program for helping transitioning service members start businesses, according to its draft report accompanying the FY 2015 Financial Services spending bill, which funds the SBA. The report noted that the entrepreneurial curriculum is offered to service members as an option within the revised transition assistance program. The committee pointed out that many of SBA’s programs for veterans provide counseling and training after service members separate from DOD …

  • Entrepreneurial Course Helps Separating Service Members Launch Startups0

    “Boots to Business,” an optional supplement to DOD’s newly revised Transition GPS program developed by the Small Business Administration, is providing transitioning service personnel a variety of tools to start their own small businesses. After a two-day introduction, soon-to-be veterans in this track enroll in an eight-week online course through Syracuse University aimed at helping service members prepare a business plan …

  • Operation Enduring Opportunity Seeks Veterans for Franchising0

    The International Franchise Association has set a goal of recruiting and training 80,000 veterans to become franchise owners in a campaign it is calling Operation Enduring Opportunity. One in seven franchises in the United States is owned by a veteran, according to VetFran, a program founded by the association. Veterans make good franchise owners because of their leadership abilities and their experience running standardized systems inherent to franchise operations …