Here Harvey Mackay shares his thoughts on SharkTanks Daymond John. The points here should ring true to many military veterans pursuing the entrepreneur path. In class, Entrepreneurship for Transitioning Warriors, we discuss the challenges associated with starting a new business or buying an existing business or franchise. Operating capital and its sources are on forefront for military veterans. If being an entrepreneur was easy then everyone would be doing it. The truth is that it is not easy as you can see below and veterans are well equipped for the hard road.
In class, Entrepreneurship for Transitioning Warriors, we discuss getting verified or certified as a VOSB or SDVOSB in order to do business with the Federal Gov't. Here is a great article by Steven Koprince, the Managing Partner of Koprince Law LLC, a law firm dedicated exclusively to providing legal solutions to federal government contractors. As military veterans and entrepreneurs we need to understand the minute details of being a Federal contractor. Here is some news that is long in coming. Finally, someone decided to try to use one definition in the Federal Gov’t.
I know that I'm a little late with this post, but this article is important to those of you considering buying a business. Here Urvaksh Karkaria at the Atlanta Business Chronicle describes businesses selling in the Metro Atlanta area, but the information my very well apply to your locale. As we discuss in class, Entrepreneurship for Transitioning Warriors, when a veteran plans to buy a business there are many factors that must be understood. One of those is the changing market for businesses. Prices rise and fall just like with other commodities. It is important for veterans to understand these price changes and factor the changes into the decision making process.
In class, Entrepreneurship for Transitioning Warriors, we discuss the different ways to get into business. This is a topic that frequently comes up from military veterans during the legal session of class. Dana Manciagli, a Contributing Writer at the Atlanta Business Chronicle offers some excellent points below that are right on the mark. Dana offers the three ways to get into business. Many military entrepreneurs begin by thinking they want to strat a business from scratch. There are other ways that should be considered as you see below.
In class, Entrepreneurship for Tranisitioning Warriors, we discuss franchising several times. Here is a topic that frequently comes up from military veterans during the franchising discussion. David G. Bates, a Contributing Writer at the Atlanta Business Chronicle offers six points that are right on the mark. Franchising your business may seem like a great idea, but the challenges associated with franchising need to be seriously and objectively considered.
We've been working with hundreds of fellow veterans and active duty members of the military since VetToCEO was launched in 2013. As a result of our work, we often get asked for our opinion about how military service translates into skills needed for success as an entrepreneur. In other words, why would a veteran have any better chance of being successful than a non-veteran? Good question!
It is important for veterans and transitioning military to understand their local entrepreneurship market. Just a little research provides you with the information that you need when you plan on buying a business. Buying a business is one of the three ways to become an entrepreneur that we discuss in class-Entrepreneurship for Transitioning Warriors. This article by Urvaksh Karkaria at the Atlanta Business Chronicle descibes the current trend in the Atlanta Metro Area. This is great detail that veterans and transitioning miltary should use when deciding whether to buy an existing business or start a new one.