Military Entrepreneurs - Why To Consider Making Your Small Business an LLC

Posted by Michael Horn on Fri, Jul 28, 2017 @ 08:43 AM

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.

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Tags: Veteran, Entrepreneurs, Small Business, vetrepreneur

Military Entrepreneurs - 5 proven strategies to break out with your new business

Posted by Michael Horn on Fri, Jul 21, 2017 @ 09:52 AM

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.

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Tags: Veteran, Entrepreneurs, Small Business, vetrepreneur

Military Entrepreneurs-5 ways to tell if your view of marketing is out-of-date

Posted by Michael Horn on Mon, Jul 17, 2017 @ 07:34 AM

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. 

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Tags: Veteran, Entrepreneurs, Small Business, vetrepreneur

Special Government Contracting Programs for Veteran-owned Businesses

Posted by Michael Horn on Thu, Jul 06, 2017 @ 09:06 AM

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.

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Tags: Veteran, Entrepreneurs, Small Business, vetrepreneur

Veterans and Military Entrepreneurs-Should you do business with government agencies?

Posted by Michael Horn on Fri, Feb 24, 2017 @ 07:05 AM

As we frequently mention in class, Entrepreneurship for Transitioning Warriors, the government is the largest buyer of stuff and buys almost everything. Because each of you worked in the government, to me it only makes sense that you would sell to the government if your product or service meets their needs. Here is an article by Marco Terry, the managing director of Commercial Capital LLC, a company that provides invoice factoring, purchase order financing, and asset-based lending to small and midsized companies. Terry offers some great points about selling to the government.

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Tags: Veteran, Entrepreneurs, alternative funding, Vets, Small Business, vetrepreneur

Military Entrepreneurs-How to improve cash flow by financing invoices

Posted by Michael Horn on Fri, Feb 17, 2017 @ 08:57 AM

Last week in class, Entrepreneurship for Transitioning Warriors, we discussed the challenges of maintaining cash flow in your business. Here is an article about factoring which is one of several solutions to improving cash flow. Here Marco Terry, the managing director of Commercial Capital LLC, offers a thumbnail on factoring. Factoring is not for everyone as you'll see below, but for many veteran owned and military entrepreneurs it is a viable solution to preserving cash. The key for veteran owned businesses is to find the right cash flow solutions for you.

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Tags: Veteran, Resources, alternative funding, Vets, Loans, Small Business, vetrepreneur

Veterans and Military Entrepreneurs-Businesses hoping ‘Trump effect’ will boost prices

Posted by Michael Horn on Fri, Feb 17, 2017 @ 08:10 AM

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.

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Tags: Entrepreneurs, Vets, Small Business, vetrepreneur

Military and Veteran Entrepreneurs - Go with the flow

Posted by Michael Horn on Fri, Oct 21, 2016 @ 10:56 AM

In class, Enterpreneurship for Transitioning Warriors, we discuss profitibilty and cash in modules 5 and 6. Understanding the difference between the two is critical for military veterans transitioning to entrepreneurs. Randy Southerland, contributing writer to the Atlanta Business Chronicle, offers some key points to remember in your business endeavor. 

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Tags: Veteran, Entrepreneurs, Vets, Small Business

Transitioning Military Veterans - Sales price of small businesses tumbles in Q2

Posted by Michael Horn on Fri, Sep 02, 2016 @ 08:48 AM

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.

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Tags: Veteran, Entrepreneurs, Vets, Entrepreneurship, Small Business, Buying

Veteran Entrepreneurs - What makes a city outstanding for small businesses?

Posted by Michael Horn on Fri, Jul 01, 2016 @ 06:41 AM

Here is a great article by G. Scott Thomas. Veterans and those approaching the end of their military service should take note of these cities and especially the five vital qualities of the cities. In class we discuss market analysis in Modules 1 and 2. During that analysis, veteran entrepreneurs should consider these five qualities, also. These are significant contributing factors to the success of your business. Information like this is available through many sources during your market research.

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Tags: Veteran, Entrepreneurs, Vets, Small Business