What do Enterprise, Walmart and FedEx have in common? Each business was founded by a veteran. Military soft skills, problem solving, conflict resolution, dependability and leadership all translate well into business. You enter the military as a young adult and leave as a grown person with self-discipline and responsibility. Many people take those skills and create businesses. Today, there are many resources for veterans who want to be their own boss.
SBA – Government Resources
The Small Business Administration and Veterans’ Administration both have resources to connect veterans with business opportunities. The SBA is helpful for anyone who is going into business, but it has its own section especially for vets. You’ll find funding options, grants and low-interest loans, mentors, information on procurement and fellowships. The Boots to Business is a training program designed for vets. Contact your local VA office for some of the programs that they offer.
National Veteran Small Business Coalition
This organization specializes in helping get federal contracts, but it has much more to offer vets who are in business. It has many programs for support, learning and mentoring.
If you want to be a business owner, but want a successful model where you don’t have to reinvent the wheel, franchising might be the ticket. For example, 7-Eleven has special financing for vets who qualify.
Tap Into Your GI Bill
The GI Bill could help you go to school to get additional training to do what you want. Look for local community classes or a program like Vet to CEO that can help you be more confident in business and in your industry. You may also want to look into programs that help you transition back to civilian life, such as Military-transition.org.
Veterans are great entrepreneurs. We love to talk to veterans about financing. Contact the financial specialists at Northgate Capital Finance to get more information.