Here is an interesting article by Robb Wong at the SBA.This article is good news for veteran entrepreneurs that participate in Federal Government contracting. Whether or not you believe the numbers that our Federal Government reports on itself, this still shows excellent opportunity for military veterans. In Module 3 of Entrepreneurship for Transitioning Warriors we discuss government contracting and the opportunities available to military veterans. The shear size of the potential market should encourage military entrepreneurs consider government contracting.
This article by Urvaksh Karkaria at the Atlanta Business Chronicle describes venture funding in Georgia companies. Military entrepreneurs should check similar data in your locale. As we discuss in class, Entrepreneurship For Transitioning Warriors, finding funding and raising capital is one of many factors that must be understood. The availability of venture capital in your business idea may be key to launching your business.
Veterans and transitioning military should consistently gauge the market when planning their leap as entrepreneurs. As we discuss in Entrepreneurship for Transitioning Warriors, markets are constantly changing. The perspective of other entrepreneurs is one of many valuable indicators. Here is a great indicator offered by NFIB that you should include in your decision making process.
Rice University in Houston, TX is conducting its fourth annual Veterans Business Battle on April 13-14 2018. In order to compete, each applicant must do the following:
Here is a great article by Bianca Strzalkowski a military spouse and freelance writer in North Carolina. Many veterans somehow believe that they lack the skills needed in the civilian world. Bianca shares excellent points here of why veterans have critical skills to succeed. In the military you learn things that differentiate you from your civilian counterpart. You need to capitalize on those skills as you transition to the civilian world.
As of March 19th, we have 50 veterans signed up for our 17th Entrepreneurship for Transitioning Warriors Group that starts May 31st! Our goal for this group is at least 200 participants. The more the merrier!