In Session 6 of Entrepreneurship for Transitioning Veterans our guest speaker discusses lines of credit as one of several capital sources for military entrepreneurs. Here Marco Terry, managing director of Commercial Capital LLC, shares part two of a two part article about lines of credit. Terry offers many tips business owners need to understand about this valuable sources of funding. Understanding the details will help you determine if a line of credit is right for you.
The Veteran Roll Call is an Investor led event, connecting Military Veteran Entrepreneurs, Angel Investors, VC’s, Hedge-Funds and other capital resources. Startup, Early Stage, and Operating companies that are growing and need outside funding will be presenting at this event.The current date for the Veteran Roll Call event is November 8th and 9th, 2017. Companies wishing to have strong consideration for presenting need to apply/register and be selected on or before October 15, 2017. Presenting companies must complete a gust.com profile and submit a company profile. They will also have 20 minutes for their presentation and Q&A.
In Session 6 of Entrepreneurship for Transitioning Veterans our guest speaker discusses lines of credit as one of several capital sources for military entrepreneurs. Here Marco Terry, managing director of Commercial Capital LLC, shares part one of a two part article about lines of credit. Terry offers many tips business owners need to understand about this valuable sources of funding. Understanding the details will help you determine if a line of credit is right for you.
This article by Urvaksh Karkaria at the Atlanta Business Chronicle describes small businesses selling nationwide and the information my very well apply to your locale. As we discuss in class, Entrepreneurship For Transitioning Warriors, when a veteran considers buying a business there are many factors that must be understood. One of those is the changing market for businesses. Prices and values rise and fall just like with other commodities. It is important for veterans to understand these price and value changes. Factor the changes into the decision-making process of whether and when to buy an existing business rather than starting from scratch.
As we discuss in Session 6 of class, Entrepreneurship for Transitioning Warriors, venture capital investment is one of the many forms of raising money that a military veteran must understand. Funding your business can be a complex challenge for military veterans. There are various sources of funding available. The challenge is determining which source is the best for you. Here Urvaksh Karkaria at the Atlanta Business Chronicle describes the status of venture capital in Atlanta in 2Q17. You may not be in the Atlanta area, but the information my very well apply to your locale.
Here is a great article by Dan Mattia that I pulled from VETLIKEME. Mattia makes several great points that we discussed in Module 4 of Entrepreneurship for Transitioning Veterans. As you know from class there are several different legal structures from which you can choose when organizing your small business. Each of these has advantages and disadvantages related to liability, taxation, and future funding. The bottom line is to do your reseach and consult with an attorney.
This article by Daniel DiPiazza, a Contributing Writer at the Atlanta Business Chronicle, reinforces our class discussions in Entrepreneurship for Transitioning Warriors. In class we discuss marketing and differentiating your business. Here DiPiazz details five ways that allow you to stand out from all of the others. Competition is rough out there, but the market is large and we all need to find our ways or ways to stand out. As veterans we understand competition. The goal is to transfer that understanding to business.
In Sessions 1 and 2 of Entrepreneurship for Transitioning Warriors we talked alot about marketing and its importance to our vetrepreneurial efforts. Here are some straightforward insights by Samantha Owens Pyle. She offers sound advice that military veterans should consider in their sales and marketing efforts. This generally isn't something that we learn in uniform however we all know that sales and marketing efforts are keys to success.
Last week in class, Entrepreneurship for Transitioning Warriors, we discussed government contracting and its advantages and challenges. Government contracting at the local, state and Federal level can be an excellent market for military entrepreneurs. Governments buy all sorts of products and services and there are many programs at various levels of government to buy from veteran businesses. Here is a short article by StreetShares that Hardy Stone included on his site. This articles presents and reinforces several of the points we discussed in class.