Military entrepreneurs take note - Banks are stepping up lending to small business

Posted by Michael Horn on Fri, Jul 06, 2018 @ 12:36 PM

Here is a short article from John Aidan Byrne at the New York Post. In Module 6 of VETToCEO Entrepreneurship for Transitioning Warriors we discuss sources of funding for veteran entrepreneurs. We detail all of the different ways that military veterans can fund their business idea. Many veterans think that a bank loan is the only way to secure funding. In class we find that banks are just one of many sources of capital. This article deals specifically with banks. The Biz2Credit Small Business Lending Index offers you great information on loan approval rates for the various lending entities available.

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Tags: VetToCEO.org, vetrepreneur, Vets, Entrepreneurs, Entrepreneurship, Veteran, Loans

Veteran Entrepreneurs--New SBA FY17 Scorecard Shows Federal Agencies Award Record Breaking $105 Billion in Small Business Contracts

Posted by Michael Horn on Fri, Jun 15, 2018 @ 07:52 AM

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.

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Tags: vetrepreneur, transition, Entrepreneurship, Veteran, military, Small Business, Entrepreneurs

Military Entrepreneurs Take Note -- What Government Loans are Available to Entrepreneurs?

Posted by Michael Horn on Fri, May 18, 2018 @ 08:46 AM

In Module 6 of Entrepreneurship for Transitioning Warriors we discuss the myriad of funding sources available to military entrepreneurs. Here is a great article from Adam C. Uzialko at Business.com that offers some details that are worth some additional research. There are many debt and equity sources of funding to consider that apply to your situation. Consider all of these during your SWOT analysis to find the best sources for you. Remember that funding sources have near term and long term impact on your company.

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

Military Entrepreneurs-Small Business Optimism Reaches 16th Consecutive Month of Historically High Readings

Posted by Michael Horn on Sun, Apr 29, 2018 @ 06:36 PM

 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.

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Tags: transition, vetrepreneur, Small Business, Entrepreneurship, Vets, Veteran

Military Entrepreneurs - 7 Tips for Veterans Interested in Starting a Business

Posted by Michael Horn on Fri, Apr 06, 2018 @ 08:52 AM

In Session 1 of Entrepreneurship for Transitioning Warriors we discussed the different ways that military entrepreneurs can get into business.  Here Jerry Shaw at Newsmax added to a previous post by David Shutler, President and CEO of Utility Systems Solutions, Inc. who writes for Entrepreneur. This excellent article reinforces what we discussed in class. Jerry offers many tips that potential business owners need to consider. Understanding these tips will help you determine whether entrepreneurship is right for you. We will discuss this this again in class.

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Tags: vetrepreneur, Vets, Entrepreneurs, Veteran, Entrepreneurship, startups, Small Business, Franchise, military

Veteran entrepreneur and need funding?  Check this out!

Posted by John Panaccione on Wed, Jan 03, 2018 @ 07:49 PM

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:

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Tags: Entrepreneurs, Resources, Veteran, alternative funding, military, transition, investors, vetrepreneur

Military Entrepreneurs-Understanding business lines of credit-Pt.2

Posted by Michael Horn on Wed, Oct 11, 2017 @ 06:40 AM

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.

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Tags: Entrepreneurs, Loans, Veteran, vetrepreneur, Resources

Military Entrepreneurs-Understanding business lines of credit-Pt. 1

Posted by Michael Horn on Fri, Sep 08, 2017 @ 07:23 AM

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.

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Tags: Entrepreneurs, Loans, Veteran, vetrepreneur, Resources

Veterans Take Note-Small business sales in 2Q2017

Posted by Michael Horn on Fri, Sep 01, 2017 @ 11:02 AM

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. 

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Tags: Buying, Entrepreneurs, Franchise, Veteran, vetrepreneur

Pass the word!  Next VetToCEO program starts 5 September!

Posted by Monty Heath on Tue, Aug 29, 2017 @ 07:27 PM
VetToCEO's 23rd cohort begins on September 5th!  Help spread the word.  Our program is open and free for honorably discharged veterans and current members of the Active Duty, National Guard, and Reserve components.  Join our veteran facilitators and distinguished veteran guest speakers as we go through our 7-week program together.  Learn more on our programs page. Our program is online so it doesn't matter where you live - even if you're deployed - bring it!  
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Tags: Entrepreneurship, Veteran, military, startups