As we discuss in Session 6 of class, Entrepreneurship for Transitioning Warriors, there are many forms of raising money that a military veteran must understand. Funding your business can be a complex challenge for military veterans. Crowdfunding is a viable source for some military entrepreneurs. Here Dave Williams and Urvaksh Karkaria at the Atlanta Business Chronicle describe the ever improving status of crowdfunding in Georgia. We encourage military entrepreneurs to research their respective States' crowdfunding laws early in order to evaluate the feasibility of using equity crowdfunding as a primary source of funding their businesses.
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.
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.
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.
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:
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.