By Jessica Evans
Walmart. Nike, Fed Ex. What do these companies have in common They were all started by veterans, proving that we’re among the country’s best entrepreneurs. The reason? Well, that’s simple: Veterans already have all the skills that successful business owners need—namely the ability to lead a diverse group of people, understanding how to manage personnel effectively, and we have the grit and determination to see things through.
If you are considering starting a business, but aren’t sure where to start, here are a few tips to help:
Take advantage of the help that’s available
There are so many programs and resources available, so how can you tell which are legit and trustworthy? Your best bet is to begin locally. Start searching for veteran-entrepreneur groups in your AO first and then go from there. This way, you’re eliminating any groups that might try to take advantage of you, and you’re leaning on the experience of other veterans to help guide your path.
The Transition Assistance Program recently launched Boots to Business. This program can help you learn the bases of entrepreneurship and get a clear idea of worthwhile programs.
Lean on the Small Business Administration
The SBA has hundreds of Small Business Development Centers across the country and nearly twenty-four Veteran Business Outreach Centers that have cultivated resources specifically for veterans and transitioning service members. The SBA helps align you with mentors, learn how to market yourself, and explore lending options.
Consider opening a franchise
A franchise is ideal for veterans because it takes the guesswork out of starting a business. Having a corporate partner who knows the landscape and the industry makes most franchises “turn-key” choices. That’s one less stress for you as the owner and one more way that the business is set for success. When you don’t have to worry about marketing or coming up with an employee training manual, you have more time to dedicate to making your location flourish.
Franchising is so exciting because it gives you a chance to be your own boss without all of the headache and hassle of starting a business from the ground up. That doesn’t mean you don’t need to do your research. Remember that not all franchises are created equally, so you should be careful about what you select as your investment. Visit https://hiregibiz.com to search some military-friendly franchises.
Once you have a clearer understanding of the kind of business you want to run, you’re going to need some help navigating opening your business. That’s where Hire G.I. can help.
We offer free services to veterans and military spouses who are ready to start their own businesses. By signing up to speak with one of our certified business coaches, you’re taking the first step to your next great career. Visit www.hiregi.com for more information.