The Resources Needed for Veteran-Owned Businesses
Though many veterans are especially suited for business ownership thanks to the discipline and drive instilled by their military service, they don’t have to go it alone. As this article shows, there are many resources that can help veteran-owned businesses thrive. Some of the resources listed below can be used by any business, while others are specifically designed to aid veterans.
Resources for Writing a Business Plan
All companies can benefit from a sound business plan, and a veteran-owned business is no exception. If you’re not sure where to start, check out the 30-minute course from the Small Business Administration (SBA) on writing a business plan. Outlets such as Forbes.com and Entrepreneur.com have also published helpful guides on creating a business plan.
Funding and Training Resources
Someone looking to start a veteran-owned business can benefit from a plethora of funding options. For instance, many veterans have found success by crowdfunding the launch of their company. To learn more about launching successful crowdfunding, take a look at the Small Business Administration’s list of tips on the topic.
The SBA also works with the Office of Veterans Business Development, which aims to help veterans make use of the SBA’s resources. Additionally, the SBA offers aid in the form of the SBA Veterans Advantage Program, several training programs for business-minded veterans, and more. You can find out more about the SBA’s offerings on this page.
If you’re not looking to start a veteran-owned business from the ground up, franchising can be an attractive path. For instance, 7-11 gives qualified veterans a leg up when it comes to financing. You can find a list of other veteran-friendly franchise options on this Entrepreneur.com page.
For more information on building an outstanding company, be sure to read Approved Business Lending’s other blog posts.