Starting a Business? Answers to 10 frequently asked questions

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By Kelly Bagla, Esq.

Having been a start-up lawyer and entrepreneur, I have been asked many of the following questions over the years from entrepreneurs who are starting a company.

Sometimes there isn’t an easy answer and, as lawyers often like to say, “It depends on the circumstances.” But here are my short-hand answers to ten of the most frequently asked start-up questions:

  1. Should I form my company as a C corporation, an S corporation, an LLC, a partnership, or a sole proprietorship?

Start it as an S corporation, unless you have to issue both common stock and preferred stock; in that case, start it as a C corporation. And an S corporation can easily be converted later into a C corporation. LLCs are popular, but can get overly complicated. Partnerships and sole proprietorships are to be avoided because of the potential personal liability to the owners of the business.

  1. Where should I incorporate my business?

The standard answer to this is Delaware, because of its well-developed corporate law. My answer is that it should be the state in which the business is located, as this will save you some fees and complexities. You can always reincorporate later in Delaware.

  1. How much should I capitalize my business with at the beginning?

As much as you can reasonably afford, and definitely enough to carry you for at least 6 to 9 months with no income. What you will find is that it always takes you longer to get revenues, and you will undoubtedly incur more expenses than you anticipated.

  1. How can I come up with a great name for my business?

This is difficult. First, brainstorm with a bunch of different names. Then do a Google search to see what is already taken, and that will eliminate 95 percent of your choices. Make it easy to spell. Make it interesting. Don’t pick a nonsensical name that will leave people wondering what you do. Do a trademark/trade name search on the name you like, then make sure you can purchase the domain name.

  1. What are the biggest challenges to starting a business?

Entrepreneurship isn’t easy. Some of the challenges you’ll face include—

  • Shortage of capital and cash flow
    • Having a good business plan
    • Coming up with a great product or service
    • Sticking to it
    • Working more than you expected
    • Getting through the frustrations of being constantly rejected by customers
    • Hiring good employees
    • Knowing when to fire bad employees
    • Having to wear so many hats
    • Managing your time
    • Maintaining some kind of work/life balance
  1. What kind of business should I start?

Be sure your business is one that—

  • You are passionate about
    • Is within your reach to fund
    • Has the potential to grow into something big in a reasonable time frame
    • You have some experience in
  1. What are the biggest mistakes made by start-up entrepreneurs?
  • Not starting with enough capital
    • Thinking that success will come quickly
    • Not carefully budgeting
    • Not focusing on the quality of the product or service
    • Underestimating the importance of sales and marketing
    • Not adapting quickly enough
    • Not understanding the competitive landscape
    • Ignoring legal and contract matters
    • Hiring the wrong employees
    • Mispricing the product or service
  1. Where can I get money for my business?

Many books and articles have been written on this subject, and those resources can be very useful. In short, some of the most effective sources of capital include—

  • Personal funds
    • Credit cards
    • Friends and family
    • Angel investors
    • Crowdsourcing sites, such as Indiegogo.com and Kickstarter.com
    • Bank loans/SBA financings
    • Venture capitalists
    • Equipment loan financing
  1. What kind of insurance does my business need?

Needs will vary, depending on the type of business, but consider the following:

  • General liability insurance
    • Product liability insurance
    • Professional liability insurance
    • Property insurance
    • Worker’s compensation insurance
    • D & O (directors & officers) insurance
    • Health insurance for employees
    • Business interruption insurance
    • Commercial auto insurance
    • Data breach insurance
    • Key man life insurance
  1. What book is helpful for learning more about starting a business?

Get answers to even more questions in my book, Go Legal Yourself: Know the Legal Lifecycle of Your Kelly BaglaBusiness, available on Amazon.

About the Author
Kelly Bagla has been providing expert legal counsel to domestic and international clients for more than 10 years. As a creator of the Legal Lifecycle program, she knows how to help her clients navigate the legalities of running a business. Kelly specializes in assisting entrepreneurs throughout the various stages of their company’s lifecycle, developing roadmaps that lead their businesses to success, and planning exit strategies that maximize their profits.

Small Business Loans & Grants for Disabled Veterans

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According to recent statistics, there are almost 17.5 million veterans in the United States. Of these veterans, 4 million of them are suffering from a service-related injury with disability ratings ranging from 10% and above. Meanwhile, there are 13 million who have received disability ratings for non-service-related injuries.

This means the majority of them are suffering from one form of disability or another. That’s why it’s really not surprising, and incredibly critical, that there are a lot of small business loans and grants for disabled veterans in the U.S., especially for those who are thinking of starting a business.

Here are some of them:

Small Business Association Veterans Advantage 7(a) Loan
This is one of the most popular programs that the Small Business Association (or SBA) offers, and for good reason. It offers a low-down payment and more flexible payment options. SBA also offers a counterpart of this loan program for non-veterans, but they will not be able to enjoy the discounted rates and other privileges provided to veterans.

StreetShares Foundation
StreetShares Foundation is an organization that was specifically established to help veteran business owners. They have various loans and financing programs. In fact, they even award grants to veterans who qualify for their reward opportunities annually.

The Department of Veterans Affairs Office of Small and Disadvantaged Business Utilization Program
This is technically not a loan or financing program; however, it will still prove to your advantage to apply for it. This government program seeks to assist veteran-owned small businesses by doing business with them in the form of government contracts.

All you need to do is to get your business registered through the Office of Small and Disadvantaged Business Utilization (or OSDBU). This will add your startup to their roster of small businesses to call upon if they found themselves in need of the products and services that you offer.

The Department of Veterans Affairs Small Business Grants
The best thing we love about grants is that you won’t have to repay them anymore. You are not getting this money for free, though. You will be required to follow the terms of the money provided. Not to mention that it can be quite difficult to get approved given the number of applicants each year. va.gov

The Department of Veterans Affairs Vocational Rehab and Employment Ownership Track
Here’s a program that is specifically designed for veterans with disabilities. In fact, you must have a disability that serves as an employment barrier in order to qualify for it. We highly recommend this program, especially for those who have a high disability rating.

Small Business Administration Service-Disabled, Veteran-Owned Small Business Program
This is closely similar to the OSDBU program wherein qualified businesses will be granted an opportunity to qualify for contracts that can, in turn, reap revenue. The only difference, though, is that these contracts will not strictly come from the government. https://www.sba.gov/federal-contracting/contracting-assistance-programs/veteran-assistance-programs#section-header-0

Increasing Your Chances
The programs we have listed above are definitely not the only ones that are available out there. There are a lot of government offices, organizations and even companies that offer financing aid to disabled veterans. The ones that we have featured above are simply the most popular choices, and thus, more easily accessible. However, please feel free to research your options further.

In the meantime, allow us to share with you tips on how to increase your chances of qualifying for any program that you wish:

• Always check the eligibility requirements. Don’t waste your time getting the paperwork ready and waiting for a response. Make sure that you are eligible from the get-go by verifying your eligibility.
• Take care of your business credit history. Most of you are probably researching loans and grants to start your business. This doesn’t mean that existing business owners won’t qualify for these programs anymore. Quite the contrary, it is easier for a small business with an excellent business credit history to get accepted to these programs.
• Stay organized. There is a lot of paperwork required for any loan or grant application. Those with existing businesses already are typically required to present business and personal tax returns for at least the past three years. Other requirements may also include financial statements, business certificates and business plans, among other important documents.
• Find out your exact need. Finally, you should determine where you are going to use your loan or grant money and how much before even thinking of applying to a program. In this way, you will be able to make sure that the program you’re applying for and its benefits will be enough for your needs. It will also come in handy during interviews.
We hope that you have found our information helpful in finding the program that your small business requires to take flight. It is the least we can do in exchange for the service you have provided. Good luck!

Jim Hughes is a content marketer who has significant experience covering technology, finance, economics and business topics for about 3 years. At the moment he works as content manager in OpenCashAdvance.com.

Veterans Launch New Advocacy Organization to Promote American-made Clean Energy Ahead of Earth Day

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Two workers technicians installing heavy solar photo voltaic panels to high steel platform. Exterior solar system installation, alternative renewable green energy generation

(Washington, DC) ––  U.S. Representative Seth Moulton (D-MA), Former Congressman Patrick Murphy, President and co-Founder of CleanCapital Jon Powers, Mayor Pro Tem of Costa Mesa, California Andrea Marr, and clean energy entrepreneur Kevin Johnson — five veterans of the U.S. Military — recently announced the launch of the Veterans Energy Project. The new organization will work to support veterans and veteran-owned businesses that build and deploy American-made clean energy, and advocate for clean energy investments that create good-paying jobs in American manufacturing on top of the three million that already exist in clean energy.

**EVENT RECORDING HERE**

Speakers and project supporters discussed veteran leadership in the clean energy industry and pending proposals before Congress to invest in clean energy and sustainability technology that can rebuild American manufacturing, create jobs, and fuel an economic recovery for all.

“America’s veterans are leading the way in building and deploying American-made clean energy technology. The President’s plan would double down on their victories to keep our country and our climate safe while securing the jobs of the future. Please join us on this mission through the Veterans Energy Project,” said Ray Mabus, former Secretary of the Navy and Advisory Board Chair of the Veterans Energy Project.

“As a member of Congress I’m often faced with the false choice of clean air or a thriving, growing economy. But the truth is, we don’t have to choose. We can have both and we can do it all while supporting our veterans,” said U.S. Representative Seth Moulton (D-MA).

“Our brother and sister veterans take an oath to protect our country that lasts until the day we die. And many of our fellow veterans are drawn to the clean energy industry. Why? Because they’re good paying careers that build on the skills we honed in the military and it helps keep our country safe,” said Patrick Murphy, former Congressman and Under Secretary of the Army.

The U.S. Military is the largest energy consumer in the world, so American veterans have the skills and training that are ideally suited for the clean energy industry and sustainability technology. Already, veterans are building successful businesses and careers in clean energy all over the country. President Biden’s Build Back Better plan would double down on these victories and ensure our country is the world leader in these booming economic sectors.

“What I’m very excited about is what President Biden is putting forward in the Build Back Better plan, because it invests in American-made clean energy and sustainability technology. It’s restoring the backbone of our country and securing our place as a world leader in a booming economic sector,” said Jon Powers, President and co-Founder of CleanCapital. “It’s also really helping to align American manufacturing and jobs.”

“As a veteran, I believe that helping to lead the transition to a clean energy economy is one of the post patriotic things that I can do. It creates jobs, reduces our dependence on foreign oil, and combats climate change,” said Andrea Marr, Mayor Pro Tem of the City of Costa Mesa, California, and Director of Willdan Energy Solutions.

“As a proud combat veteran, I served overseas in Iraq and saw our dependence on fossil fuels. I had soldiers ask me everyday: what are we doing here? And when are we going home? It really instilled in me the importance to think about what we do in the future in relation to our dependence on fossil fuels, and encouraging me to commit my career to service as a clean energy entrepreneur,” said Kevin Johnson, Clean Energy Entrepreneur and Board Director of the American Resilience Project.

Veterans are 45% more likely to be self-employed, small business owners — and the President’s plan empowers all small businesses, especially in the clean energy industry, funding innovation hubs across the country and investing billions in programs that connect small businesses to federal research and development programs.

Visit www.veteransenergyproject.org for more information. 

Veteran Brings No. 1 Home Inspection Franchise to Hometown

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Lori and Dave Starnes closeup wearing blue work uniform

Sometimes you find a business opportunity that fits like a glove. That seems to be the case for Dave and Lori Starnes. The couple recently moved back home to the Adams/Clarksville, TN area from Hawaii and recently launched operations as new franchise owners with Pillar To Post Home Inspectors®, the No. 1 home inspection franchise in North America.

Team Starnes Home Inspectors, LLC will serve homebuyers and sellers throughout Clarksville, as well as Hopkinsville, KY, and surrounding areas.

Dave retired from the United States Army after 26 years and had been a high school Junior Reserve Officer Training Corps (JROTC) instructor in Hawaii. He also ran his own handyman/general contracting business, while Lori was an operations/ property manager for 100 luxury vacation rental properties, in addition to running her own cleaning business. If it’s something related to homes, the couple has a pretty good handle on things, so becoming franchisees with Pillar To Post Home Inspectors was a natural fit. “Dave had been a handyman and general contractor for more than five years and worked directly with realtors in fixing and repairing many of the deficiencies discovered during the home inspection process,” Lori said. “He had a knack for finding and fixing those issues and we decided to join Pillar To Post Home Inspectors in order to provide professional home inspection services for current and future homebuyers throughout Clarksville and the surrounding areas.”

According to Pillar To Post Home Inspectors President and CEO Dan Steward, “We are rolling out some pretty amazing technologies that are now in full swing for all Pillar To Post Home Inspections. One of these is the PTP360 tour.” PTP360 is an interactive, virtual home inspection tour that allows users to revisit a home anytime and anywhere from a smartphone, tablet or desktop and even share the tour with family and friends. “It’s a great new innovation – fast-tracked to completion because of COVID-19 concerns – and we saw just how well it performed,” Steward said. Clients can also receive a measured FloorPlan of the entire home, with measurements to help with furniture fit and placement. “In the long term, PTP360 is a huge help for busy, professional Realtors, saving them time and better serving their seller, while also giving prospective buyers a far better experience,” Steward said.

Pillar To Post Home Inspectors has achieved the highest standings in various rankings of “Best in Category,” “Top 20 Franchises to Buy,” “Top 10 Global Franchises” and “Top Franchises for Veterans” in addition to achieving 5-Star status with VetFran, a program offered by the International Franchise Association that provides discounted franchise fees to veterans. A professional evaluation both inside and outside the home is at the core of Pillar To Post Home Inspectors’ service. Pillar To Post Home Inspectors input data and digital photos into a computerized report. All information is provided to clients in a customized binder for easy reference, allowing homebuyers or sellers to make confident, informed decisions.

Dave and Lori have two adult children who followed their father’s footsteps into the Army and their son, Russ, will be joining his parents in their business in the near future. In the meantime, Dave and Lori are looking forward to the new year and the newest chapter in their life. “We chose Pillar To Post Home Inspectors because we felt the support and technical advances were superior to other options we considered,” said Lori. “And we were ready to start our own business to secure our financial independence.”

 

About Pillar To Post Home Inspectors®
Founded in 1994, Pillar To Post Home Inspectors is the largest home inspection company in North America with home offices in Toronto and Tampa. There are nearly 600 franchises located in 49 states and nine Canadian provinces. The company has been named as Best in Category in Entrepreneur Magazine’s Franchise500® ranking for 9 years in a row and appeared in the ranking for 24 years. Long-term plans include adding 500 to 600 new franchisees over the next five years. For further information, please visit www.pillartopostfranchise.com.

How Do You Ask for a Professional Favor?

Business
LinkedIn
Business men in smart casual wear shaking hands in office

Just because many of us are now working remotely doesn’t mean staying connected becomes any less valuable. In fact, we all might need a little bit more human connection these days.

When you’re alone with yourself (as most of us have been recently), it’s easy to see the value of community and why building a professional network is important. No one can think of everything, and a strong professional network can bring new ideas to the table — along with different perspectives, personal and professional advice, and emotional support.

Once entrepreneurs recognize the value of professional networks and learn how to start networking, the next hurdle is often how to ask for a favor professionally. We all know the feeling: a lump grows in your throat, your tongue suddenly ties, and you can just feel the flop sweats coming on.

Before you tuck your tail and abandon the request altogether, remember that overcoming that fear is essential to benefiting from your professional connections. It’s important to build mutually beneficial relationships with your network to help one another fuel your successes.

Finding the right words to ask for a favor isn’t always easy. Even as an experienced entrepreneur, I still get nervous from time to time and feel my confidence shaken. But through the years, I’ve found that asking for favors professionally really boils down to four simple rules:

  1. Be Direct

Remember, a lot of people do like to be helpful and appreciate the opportunity to assist others. Instead of assuming your connection won’t want to help you and floundering nervously on small talk to start the conversation, be direct. Just say this: “I was hoping you could help me out.”

Framing it directly and positively from the get-go will lower the risk of seeming like you’re just trying to get something out of your connection. What’s more, getting to the point quickly is much more efficient, and your connection will value your respect for their time.

  1. Be Complimentary

Think about why you are going to this person specifically for a favor. Do you like their ideas? Do they tend to have a unique perspective? Whatever the answer, let your connection know why you’re coming to them. Offering a compliment isn’t just considerate. It’s good etiquette when asking for a favor professionally. Sharing the reasons why this person is essential to whatever it is you’re asking makes it about more than just what they can do for you.

  1. Ask Ahead of Time

If you’re asking someone to go out of their way to help you, the last thing you want to do is rush them. Waiting until the very last minute is likely to make you appear unprepared and disorganized.

Instead, ask for what you need as soon as you know you need it. Having months to deliver a favor is a lot less stressful than having mere days or hours, and you want to make your request as easy as possible to fulfill.

  1. Show Your Gratitude. 

You don’t want to develop a reputation as someone who takes but never gives. Asking for a favor should never feel like you’re trying to pick someone’s pocket. You should always be prepared to reciprocate.

Even if your connection doesn’t ask for a favor directly in return, be on the lookout for ways you can help out. Can you cover them in a meeting when they have a conflict? Can you take anything off their plate when they’re having a busy day? Even simple actions such as bringing them coffee or treating them to lunch can show your gratitude and willingness to help out in the future.

The most successful professional relationships are win-win, and that means both parties benefit from each other. That’s why an essential step in networking is learning how to ask for a favor professionally. Especially for entrepreneurs just starting out, asking your connections for help can pave your path to success. Don’t be afraid to ask for favors from your professional networks — just be sure to demonstrate respect and gratitude when you do.

Source: score.org

Five Tips for Women Veteran Entrepreneurs

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business woman leaning towards table with her hand extended on keyboard interested in an open laptop

By Natalie Rodgers

Transitioning from the military field into a new line of work can be difficult for any veteran, but this problem seems to be especially prevalent for women looking to transition into business ownership.

Veteran Airforce pilots and current business owners, Chassity Jackson and Patricia Frame, recently took part in a CNBC hosted seminar to discuss their best tips for women veterans looking to start their own businesses.

Here are five tips for aspiring women veteran entrepreneurs:

Know Your Industry

Of the millions of small businesses in the United States, it can be difficult to make your work stand out. Study the competition and decide what you would like to bring to the table. What will your company be bringing to the table that is different than everything else? What are the consumers of your product looking for and what are some typical frustrations they come across when they are trying to obtain it? Once you understand how your business fits into the industry, keep up on the latest news with competitors and customers to ensure you are fulfilling industry demands.

Networking is Key

Connect with other business owners, especially ones who are experienced in the field and can help mentor you through this new journey. Attending business conferences and networking events have always been a standard way to make these connections, but during the COVID-19 pandemic, many of these conferences have switched to online platforms for business owners to easily utilize and converse through. LinkedIn is also a great source for networking. Make sure your profile is up to date to seem as presentable and professional as possible to new connections.

Know Your Audience

When a business is first starting out, its crucial to understand who the target audience is for the project. Start off by testing a select number of products to your customers and observe what sells and what doesn’t do as well. As you get to know your clientele, it will be easier to figure out how to best allocate your resources and where to put your money to receive the most profit.

Have the Funds

Once you have a business plan, you want to make sure that your business is going to be properly funded. Though many have used their own source of income to help get their company off the ground, there are a number resources that that veterans can utilize to get started. One of the most well-known ways is through the U.S. Small Business Administration, which provides low cost loans to veterans, military personnel, and their families.

But this doesn’t necessarily mean that veterans will just be given money because of their status–a misconception that has been believed by many current and former military personnel in the past. Raising money through pitching competitions and crowd funding campaigns are other significant ways that you can allocate the proper funds you need for your business.

Be Willing to Change

In the midst of COVID-19, companies are preparing now more than ever for unprecedented circumstances their business may face. Many businesses have closed due to repercussions from the pandemic and you don’t want yours to be one of them. Make sure you have a back-up plan should something drastic happen to your everyday routine. How will you continue to provide your products to customers if a lockdown occurs? Can you utilize the internet to help your customers in times of need?

It’s also critical to make sure that you have a cushion to fall back on should a situation arise. Put some of your profits aside as often as you can to create a money reserve to fall back, just in case.

Source: CNBC

Military Veteran Uses Experience and Corporate Background to Run His New Mobile Business

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The way Jason Colon sees things, his background provided him the perfect combination of skills to become a small business owner.

It all came to fruition this past December when the 46-year-old Rocky Mount resident became a franchise owner with Floor Coverings International, visiting customers’ homes in a Mobile Flooring Showroom stocked with thousands of flooring samples from top manufacturers. Floor Coverings International of Winterville serves customers throughout East Raleigh, Knightdale, Wilson, Rocky Mount, Greenville and surrounding areas.

Colon spent 21 years in the United States Air Force before retiring from active duty. He didn’t skip a beat, transitioning into a corporate career where he spent almost six combined years in operations working for two global corporations, both providers of technology and manufacturing services worldwide. “I think each of the career paths provided a different set of tools to prepare me for being part of the Floor Coverings International family,” Colon said. “My time in the military prepared me to run process and support people. And my time in Corporate America provided the customer experience education and tools, while also giving me the ability to realize my various skill sets and bring them all together to be a successful small-business owner.”

In Floor Coverings International, Colon found a company that has tripled in size since 2005 by putting a laser focus on consumer buying habits and expressed desires, its impressive operating model, growth ability, marketing, advertising and merchandising. Floor Coverings International further separates itself from the competition through its customer experience, made up of several simple and integrated steps that exceed customers’ expectations. For this, Floor Coverings International was given the Innovation Award for Customer Response from Franchise Update Media, the benchmark publication and conference entity that is the Gold Standard of Franchising.

“I wanted to have more control of what happens to my future and Floor Coverings International gives me that opportunity,” Colon said. “When COVID-19 struck, it wiped out the aviation industry and jobs were not plentiful. Getting on board with Floor Coverings International was the best path for me.”

ABOUT FLOOR COVERINGS INTERNATIONAL

Norcross, GA-based Floor Coverings International has been ranked consistently as the No. 1 Mobile Flooring Franchise in North America by Entrepreneur Magazine. The 142 franchisees and their Design Associates offer a unique in-home experience with a mobile showroom that comes directly to the client’s door. More than 3,000 flooring choices are available to view in the home with and alongside existing lighting, paint, and furniture. The company will open several more locations throughout the U.S. and Canada through franchise expansion in 2021.

For franchise information, please visit opportunities.flooring-franchise.com and to find your closest location go to floorcoveringsinternational.com.

Marines, rejoice: Someone made crayons that are actually meant to be eaten

Business
LinkedIn
cartoon image of solder in uniform sqatting down with crayon in hand

Marine veteran has spent the last several years trying to turn a joke at the Corps’ expense into a successful business, and it looks like he’s nearly there with Crayons Ready to Eat. Created by Frank Manteau and Cassandra Gordon, Crayons Ready to Eat are not only edible, but writable chocolate crayons that come in a range of colors — though unlike those actual little color spears and waxy-practice-pencils, these have a triangular shape, and that’s by design.

“It’s so they don’t roll off a table,” Manteau said, and so “parents, [noncommissioned officers] and [staff noncommissioned officers] can say ‘this is okay to eat because of its shape,’ and ‘this one is not okay to eat.’”

They also come in packaging modeled after the military’s Meals Ready to Eat, hence the name Crayons Ready to Eat — and yes, a lot of this humor is on the nose, but considering that 90 percent of those reading this story will be Marines, I wanted to break it down Barney Style for my fellow ‘crayon eaters.’

Now, if you’re a little confused on some, or all of the above, and find yourself wondering: What does eating crayons — something you expect from a young child without adult supervision — have to do with being a Marine? Well, you’re not alone. Manteau was a bit lost back in 2017 when he learned that Marines had added ‘crayon eaters’ to an already long list of nicknames.

“When I was in the Marine Corps we were not crayon eaters,” said Manteau, a former infantryman who served from 1995 until 2002. “We were not crayon eaters,” he said again, just for emphasis. “We were jarheads, grunts, ground pounders, bullet sponges.”

The term, its mocking tone, and its origins piqued his curiosity, so he started to ask around “Where did this come from?” he wondered, but nobody knew.

“I could not figure out how we became crayon eaters,” he said. And while there were plenty of memes, and even a few videos that referenced, or fully embraced the “Marines are dumb and eat crayons” joke, none of it explained how that came to be. Instead, he simply accepted it as the new normal for Marines; So long ‘Devil Dogs,’ we’re ‘crayon eaters’ now.

So Manteau accepted the joke and wore it like a badge of honor “in true Marine Corps fashion,” he said. “We embrace every joke that comes at our expense and we will make it our own. We will laugh with you, not be laughed at by you.”

Manteau is right after all: ‘Leatherneck’ and ‘Devil Dog’ are hardly laudatory nicknames; one is a reference to an uncomfortable uniform item that Marines long ago had to wear; the other, according to Marine Corps lore, was bestowed on World War I Marines by horrified German soldiers. And let’s not forget ‘jarhead’ which was most definitely meant to be an insult, but instead had to settle for being the third-best nickname.

As for how a joke about being in the Marine Corps is a lot like being in kindergarten segued into an idea for a business, well, that’s another matter. (Now, it’s worth noting that there have been other Marines who tried to turn the ‘crayon eater’ trope into a business, or at least a product, like the Marine vet who created edible crayons through her company, Okashi Sweets, though the venture appears to have been short-lived as the link to the site is now broken.)

Manteau, a carpenter by trade, said the idea began to take shape while he was working on an art project, and just so happened to find himself drawing on a piece of wood near a box of crayons. Without thinking, as he reached for a different color crayon, he put the one he was using in his mouth and began to chew.

“And then it hit me: Maybe there is something to people chewing on crayons,” he said. Naturally, the next thought was: Okay, so how do you make a crayon that’s meant to be gnawed upon?

Immediately, Manteau called up Cassanda Gordon, a former colleague and pastry chef.

“Can you make chocolate writable?” he asked. “She said ‘yes,’ and that’s all I needed to hear,” Manteau said.

By September 2017 she’d developed a working model for edible and writable crayons.

Read the complete article on Task & Purpose here.

The Rosie Network National Veteran & Military Spouse Awards

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Stephanie Brown in blue dress speaking behind Podium

The Rosie Network is a national award-winning nonprofit that works to empower our nation’s active-duty, veteran, and military spouse small business owners and budding entrepreneurs around the country for more than six years.

The Rosie Network supports our small and diverse military community through our customized, no-cost Service2CEO Entrepreneurial Program. Our program is delivered to service members, veterans, and spouses through chapters. Rosie Chapters serve military spouses and female service members or veterans; the Warrior Chapter delivers the Service2CEO program to veterans and active-duty soldiers; and Valor Chapters serve diverse-minded people in the military community and people of color.

Photo Credit:  Leona Sublett –  Stephanie Brown, CEO & Founder of The Rosie Network announcing the awardees of the 2020 Veteran & Military Spouse Entrepreneur Awards; Stephanie Brown, The Rosie Network

The Veteran & Military Spouse Entrepreneur Awards were created to recognize and celebrate military business owners’ accomplishments around the world when The Rosie Network launched this event in 2017. In our fourth year, we would love to present the 4th Annual Awardees across ten different categories, as reviewed by an independent panel of judges.

The 2020 National Veteran and Military Spouse Entrepreneur Awards were presented during Veteran Small Business Week, November 2nd-6th. A special thank you to Newman’s Own & Fisher House Foundation, USAA, GovX, the U.S. Small Business Administration, and Wells Fargo for taking the time to present The Rosie Network Paddle Awards to the winners. For more information about the presentations, finalists, and awardees, please visit The Rosie Network website at the rosienetwork.org
2020 National Veteran and Military Spouse Entrepreneur Awardees

Active Duty Owned Business of the Year

Anthony Gantt

At Ease Rentals Corporation, pcsatease.com
At Ease Rental Corporation provides comfortable, convenient, safe, and welcoming short-term/vacation rentals to federal employees and their families.

Veteran Owned Business of the Year

Paul Salopek

Advanced Integration, LLC, advint.com

ADVINT is Testing the Limits of Technology® to provide the competitive advantage needed to succeed in today’s demanding business environment.

Inspirational Leader of the Year

Shirley Walker-King, shirleywalkerking.com

SWK Management and Consulting Services, LLC

Offering a variety of services to meet both individual and organizational needs.

Health & Wellness Professional of the Year

Chris Kaag

IM ABLE Foundation, imablefoundation.org

Removing obstacles that prevent people affected by disabilities from being physically active by redefining what is possible.

Military Spouse Owned Business of the Year

Lindsey Litton

MilHousing Network, milhousingnetwork.com

Connecting military families with pre-screened realtors specially trained in serving the military community.

Trailblazer of the Year

Vernice Armour

VAI Consulting and Training, LLC, vernicearmour.com

Vernice’s global mission is based on the Breakthrough Mentality mindset, helping leaders to step up, lead, and get gutsy.

Military Spouse Owned Start-up of the Year

Maya Edinburgh-Taylor

M.E.T. Speech Therapy, metaylorspeech.com

Providing individualized, naturalistic, culturally competent, and client-centered speech, language, and swallowing services in the comfort of your own home.

Veteran Owned Start-up Business of the Year

Travis Arnold

Caisson Shaving Company, LLC, caisson-shaving.com

Handmade to order in the U.S., Caisson Shaving’s soap is tolerant of austere conditions and packaged in a leak-proof container, designed for the soldier and adventurous gentlemen.

Media Professional of the Year (Tie, #1)

Jen Amos

Jen Amos holding the 2020 National Veteran & Military Spouse Entrepreneur Award, a Navy Paddle hand crafted by Valhallas Forge
Jen Amos holding the 2020 National Veteran & Military Spouse Entrepreneur Award, a Navy Paddle hand crafted by Valhallas Forge; Jen Amos, Holding Down the Fort Podcast, photo credit Jen Amos

Holding Down the Fort Podcast, holdingdownthefortpodcast.com

Dedicated to making the lives of military spouses easier by curating knowledge, resources, and relevant stories.

Media Professional of the Year (Tie, #2)

David Johnson

The David Johnson Show, thedavidjohnsonshow.com

The Veteran Talk Show and podcast for the post-9/11 era Veteran and Military Community, bringing stories, perspectives, and fascinating new content to our community.

Franchise of the Year

Joe Klimek

Sport Clips Haircuts, sportsclips.com, www.facebook.com/SCTX201

Provides championship haircut experiences in an exciting sports-themed environment.

Admiral’s Circle

Todd Cline, Senior Business Consultant at Cetera Financial Group

The Rosie Network presents this special award to an individual who goes above and beyond to support our military community.

Find these and other veteran or military spouse-owned small businesses around the country at Rosie’s List powered by Grow With Google and verified by GovXID (rosieslist.org).

Army Veteran Dave Wyatt Grows Minuteman Press Franchise During COVID-19 Pandemic By Helping Local Businesses

Business
LinkedIn
Dave Wyatt stands with his family in his Minute Press Press shop

During his first year in business as Minuteman Press franchise owner in Medina, Ohio, Dave Wyatt was faced with the unprecedented challenges of the COVID-19 pandemic.

“We reached out to local businesses early on to let them know we were there to help them in their time of need. They learned we were open as an essential business and that they could trust us, and that sparked our growth.”

One of the ways Dave helped other local businesses when they needed it most was through their free initiative Bounce Back Medina. “Bounce Back Medina simply connects local businesses with community members who are looking to shop local and support local. This is completely free and we also provide participating businesses with free COVID-19 awareness posters. This was our way of letting everyone know that we are all in this together and we will help in any way we can to lift each other up.”

Dave also reached out to local bars and restaurants, providing them with 100 free printed menus. “I knew they needed to make changes to their menus or simply needed to use them to reach out to customers, so I thought it was the right thing to do. They were very appreciative and once again they saw that we were there to help them at a critical time.”

He also printed free 10-minute parking signs for all businesses in the square downtown. “Curbside pickup became very big, and I just wanted to do my part to help other businesses adapt and stay safe.”

Goodwill goes a long way to growing sales

As a result of his efforts in giving back and building authentic relationships with other local businesses he truly cares about, Dave has seen his sales grow 30% despite the challenges of the pandemic. “Some of the businesses I reached out to through Bounce Back and these other giveaways have remembered us and stuck with us. They see that we can meet their printing and marketing needs. More importantly, they know I am there for them and that I can empathize with them since I am a local business owner too.”

At Minuteman Press Medina, Dave is able to provide high-demand products and services that local businesses need right now. He explains, “We provide general printing services, custom branded apparel, wide format printing and signage, and direct mail campaigns. These are all items being ordered and used by our clients during the pandemic.”

He continues, “For example, we were honored to be able to help our graduating students last year by printing over 1,200 signs for families. We are proud to help keep businesses safe with social distancing signage and branded face masks. They can safely reach out to their target audiences through direct mail postcards as well as Dynamic Direct Mail, where people are contacted both through the mail and online.”

Dave adds, “We are local and we care about our community. We have that personal touch you won’t find elsewhere, and you certainly won’t find it online. You will not find another team to take care of your printing and marketing needs like we do at Minuteman Press Medina.”

Dave also credits his local in-house staff of three employees who he is able to lean on to make sure his clients receive that personal touch and outstanding customer service. “We have a great team that works well together. Sierra is our Graphic Designer; Mary is our Customer Support Rep; and Eric is our Production Specialist. I am humbled to have the support I do from them. As a business owner you want to be comfortable when you are away from the shop and they make it that way for me.”

Furthering his local ties to the community, Dave makes sure to get involved and stay active. “Community is so important. I am a Chamber Ambassador for the Greater Medina Chamber of Commerce and also a member of the Wadsworth Chamber of Commerce. This allows me to get to know the new businesses as they are coming in or just joining the Chamber.  I am a member of the Medina County Economic Development Corporation as well.  I join as many networking groups as I can and still be comfortable with my time. Networking and growing relationships through the ‘know, like and trust’ platform was key in thriving during this pandemic.”

“Printing will never go away but you must be more than a printer. You need to be a marketer, a designer, a promoter, and most importantly, a business partner.  People need to trust you and your team. Once you have that trust, you have a customer for life.” -Dave Wyatt, Minuteman Press franchise owner, Medina, Ohio

From the US Army to the American Dream of Business Ownership

Prior to owning his own business at the end of 2019, Dave Wyatt says, “I spent 8 years in the Army as an Aircraft Electrician. I spent the next 19 years with Konica Minolta (16 years in service and 3 years in sales). During that time, I did a lot of training and calibrating equipment so I was in many different types of businesses. I saw independent print shops, UPS stores, and Minuteman Press franchises. When I decided to own my own business, I knew I didn’t want to open without support so I went the franchise route.”

Why Minuteman Press? Dave answers, “What I liked about Minuteman Press from what I learned in research and what I saw while working for Konica Minolta is that they allow the personality of the business to shine. They offer the most flexibility in terms of how to run your franchise, so while I am following their system, I still feel like an entrepreneur. I didn’t see that from other franchises and I also didn’t want something like foodservice where I’d be working long hours at night and on weekends. Having that freedom to be me and the Monday-Friday hours were huge along with their training and support.”

“Minuteman Press has guidelines and if you follow those guidelines you will be successful, but they also allow you the freedom to make many of your own choices when it comes the way that you actually run your business. During my search for a franchise, I felt many other franchisees were just glorified managers for their franchisors because they seemed to have very little freedom to make decisions on their own without corporate breathing down their backs. Between that, their training and support, the Monday-Friday hours, and their cap on royalties, I was sold.” -Dave Wyatt

Dave expands on the ongoing local support he receives from Minuteman Press International. “I have a great local support team in Regional Vice President Gary Nowak and Area Manager Rich DeRosa, who are only a call or email away. Everyone at Minuteman Press has been helpful during this pandemic and they have really shown me that they have my back with constant communications and additional marketing strategies.

He adds, “Our Minuteman Press FLEX software system is also a huge game-changer for us. We have implemented customer dashboards, which allows for easy online ordering and reordering. If people come to me and say that they prefer online ordering, we make that available to them while also still being their local trusted provider they can still talk to and meet with. They can have the best of both worlds.”

Advice for Others

Dave shares the following advice for others who are looking to own a business. He states, “Ensure you have enough capital; my bank has been a good business partner and because of that I was prepared when the pandemic first hit. With that said, you can’t be afraid to spend money in ways that will help you market and grow. Invest in people, inventory, and equipment where it makes sense. I also encourage you to study, read books, and listen to podcasts.  Always be learning, and never stop.”

For more information on Minuteman Press in Medina, Ohio, visit https://www.medina.minutemanpress.com. Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com.

Veterans Business Battle seeks entrepreneurs for 2021 competition

Business
LinkedIn
man with microphone pitching his business idea

Rice University’s business competition geared for military veterans has new benefits for entrepreneurs who apply for a spot in the 2021 event.

Applications are open for Veterans Business Battle, an event that gives military veterans an opportunity to pitch their business plans to a panel of investors for a chance at investments, business partnerships, and prize money. In the last seven years, more than $3.5 million of investments have been funded through the program, with more from the 2020 virtual event still in negotiations. Early-stage businesses and existing companies needing growth capital are both encouraged to apply.

This year, Veterans Business Battle has partnered with NextSeed Securities, a registered broker dealer and FINRA member that works with startups and small businesses to raise capital through an online investment platform (nextseed.com). Businesses invited to present at the 2021 Veterans Business Battle will undergo due diligence screening by NextSeed. Vetted companies will be featured on a dedicated online platform allowing individuals from the general public to make investments in those companies.

“Last year’s online-only event gave us an opportunity to think of ways to engage new investors and expand our audience. We’re excited to increase opportunities for our finalists and grow our network of investors,” event co-chair Matt Wilson said.

The 2021 event will also feature educational panels from another new partner organization, Warrior Rising. The non-profit supports veterans and veteran families achieve business success through education, training, and one-on-one mentorship. Cash prizes will be awarded, with $15,000 prize for first place, $10,000 for second place and $5,000 for third place.

The event is hosted by Rice Business Veterans Association, a student organization for military veterans at Rice University’s Jones Graduate School of Business.

To apply, applicants must submit a business plan on the competition website, vetbizbattle.org, by Feb. 5. Businesses must have an honorably discharged veteran or active duty founder and equity holder who is running the venture.

Finalists will be invited to make their business pitch April 23-24 at Rice University. Those interested in competing should visit vetbizbattle.org.

Veterans Business Battle was established in 2015 by a group of Houston entrepreneurs and the Rice Business Veterans Association. The competition aims to foster entrepreneurship among veterans, grow veteran-owned businesses and give back to veterans seeking to make a difference in the business world. For more information, visit vetbizbattle.org.

Providing Business, DVBE. Employment & Educational Opportunities For Veterans

Lumen

Lumen

Penn State 2021

PENN STATE WORLD CAMPUS

Leidos Video

American Family Insurance

American Family Insurance

Verizon

Verizon Wireless