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VAMBOA: Why Veterans Become Business Owners

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WebBanners336x280By Debbie Gregory.

According to the U.S. Bureau of Labor Statistics (BLS),  the unemployment rate in America has dropped to 5.5%, the lowest that it has been since 2008. The unemployment rate among the Post-9/11 era generation of Veterans is at 6.5%, among the highest in the nation. Many government and private initiatives have started to hire more Veterans. But the answer to eliminating Veteran unemployment may not be solved by finding jobs for Vets, but rather by allowing them to create jobs themselves.

Veterans are 44% more likely than their non-veteran peers to start their own business, according to the BLS. Many have speculated that years spent following orders drives Veterans to want to call their own shots in their second careers. Others have guessed that after years of deployments and frequent PCS moves, Veterans want to create their own businesses in order to lay down roots for themselves and their families in a particular region. While there may be some substance to these hypotheses, the truth of the matter is that Veterans become entrepreneurs because it utilizes their knowledge and skills that were enhanced through their military experience.

Service members, especially those in leadership positions, wear many hats, much like business owners do. And much like successful military leadership, successful business ownership requires the ability to delegate, the discipline to stick to a strategy, and the fortitude to inspire yourself and others to continue in the face of death or failure.The willingness to work hard doesn’t hurt.

But in battle and in business, guts and glory aren’t always enough to accomplish your mission. Successful campaigns and successful business require proper training and knowledge of the tactics that will be used. That is why programs such as the Entrepreneurial Bootcamp for Veterans with Disabilities (EBV) are a necessary first step for Veterans wishing to start their own companies.

The EBV program is a partnership between several of the country’s top business schools and the U.S. Small Business Administration. The schools offer free courses in entrepreneurship and business management to selected Veterans and military spouses. The aim of the EBV program is to open the door to economic opportunity for Veterans and their families by developing their competencies in creating and sustaining an entrepreneurial venture.

No one should go into battle unprepared, and they shouldn’t enter into an entrepreneurial venture unprepared either. Make sure that you have the training that you need to start your business and then utilize VAMBOA to continue learning and growing as a Veteran business owner.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

SBA Santa Ana District Office

PLEASE NOTE:  The correct date of the conference is May 6th.  A previous message erroneously had the date as May 2nd.  The correct date is May 6th.

8a conference flyer


This year’s 5th Annual SBA Southern California 8(a) and Small Business Conference promises to be the biggest and best ever.  Conference attendees can count on learning from a full range of informative and engaging workshops offering insights, tools, and hands-on learning experiences for 8(a) and non-8(a) certified small businesses.

For government contracting novices, workshops will explain certification, getting started in federal procurement, writing a compelling capabilities statement, and accessing financing, including SBA-backed loans.

For growing government contractors, seminars will look at honing your marketing tools, learning insider tips from contracting officers and consultants, exploring teaming opportunities, and more.

For established government contractors, workshops will include procurement forecasts from local buying activities, expanding commercial opportunities through prime contractors, and a discussion on new government contracting initiatives that affect small businesses.

Every business participating in the conference will be able to take advantage of one-on-one matchmaking appointments with corporate and government buyers and incredible networking opportunities, right here in Orange County.

There aren’t many opportunities to attend events focused on Federal government procurement here on the West Coast, so register today to reserve yourself a seat at the 5th Annual SBA Southern California 8(a) and Small Business Conference!

Sacramento District Office

California
Capital WBC Class on March 20, 2015

(WEBINAR) Federal Acquisition Regulation 101

Date:  Friday,
March 20, 2015

Time:  10:00 am to 11:30 am

Location: N/A (ONLINE)

Cost: FREE

Description:

Do you want to earn the respect of government
agencies, prime contractors, and be a federal market superstar? Then learning
the rules of the game is essential!

In this webinar you will learn how to
navigate the Federal Acquisition Regulation (FAR) as well as how to find and
access the supplemental regulations of each federal agency, and much more.

After registering, you will receive a
confirmation email containing information about joining the webinar.

This webinar is brought to you by The
California Capital Financial Development Corporation Procurement Technical
Assistance Program

About the Presenter:

Carroll Bernard
brings a unique 360 degree perspective to federal contracting, coaching, and
training.  For over a decade Carroll has
worked as a buyer for the U.S. Navy, City of Vancouver Washington, and the U.S.
Department of Veterans Affairs.  He has
also provided mentorship, counseling, coaching, and training to thousands of
small businesses seeking government contracts as a counselor in the Procurement
Technical Assistance Program as well as the U.S. Small Business Administration
where he served as a Business Development Specialist for the 8(a) program,
Veterans Business Development Officer, and Primary HUBZone Liaison.

Carroll
is also a seasoned entrepreneur and has successfully seized opportunities in
the government marketplace both as a prime contractor and subcontractor for his
own small business.   Carroll works with
a number of nonprofits hosting programs that seek to empower small businesses
through education such as Procurement Technical Assistance Centers (PTACs),
Small Business Development Centers (SBDCs), and SCORE.

Registration
Link:

http://cacapital.org/ai1ec_event/webinar-federal-acquisition-regulation-101/?instance_id=747

leader

By Debbie Gregory.

It seems that you can’t watch an hour-long news program without the mention of at least one of many hardships Veterans are facing. Along with VA scandals, there are struggles with PTSD, unemployment, homelessness, and underemployment. These societal ills have scourged all generations of Veterans, and are taking an extreme toll on the Post-9/11 generation. But from pain and discomfort, the strong usually seek ways to improve their situation. It is for these reasons that Veterans are 45% more likely to seek self-employment through entrepreneurial ventures that their non-Veteran peers.

But Veterans aren’t just shucking off their uniforms and conforming to life in business suits. They are taking their military experience with them into entrepreneurship, and getting positive results. Many in the business world are now looking to Veteran business owners as examples of the ideal business owner. Here are a few examples of why:

  • Efficiency– It is commonly joked about that the most effective military leaders are the ones who are free to goof around on their computer all day. While we know that this isn’t true, the culture of military leadership is to prioritize tasks and delegate work as needed. Veteran business owners are more likely to heighten efficiency by delegating tasks, freeing them up for more critical tasks.
  • Leadership– Everyone in the military answers to somebody else, and at some point in their career, most enlisted personnel have others below them. Taking and giving orders is a skill, just like anything else, and Veterans have had some of the best training around. Those with military leadership experience have the conditioning to make important decisions and assign tasks in a manner that can instill confidence from their employees.
  • Team Building– Veterans know that the key to accomplishing any mission is to have all members of their team working together, as one unit. It doesn’t matter if that mission is securing a building, cleaning the workspace, or meeting a sales quota, the principles are all the same, and Veterans have been conditioned with the mentality to apply that principle to any task.
  • Selling Commitment– Most living things instinctivelydo whatever they can to preserve their lives. Service members rush towards danger. That’s not by accident, that’s by mental conditioning and by being sold on a commitment to your comrades, to your unit, and to your country. There are no better cheerleaders and brand sellers than military personnel and Veterans.
  • Gathering Intel– This is an attribute that is often overlooked. But because of the thought process involved with immersing one’s self into battle, Veterans have been conditioned to study the field, know the rules of engagement, and keep a constant tally on their assets. This type of thinking is second-nature to those who have served, and comes in handy when developing and carrying out a business plan.

Veteran business owners apply these same skills to their businesses. There are numerous other skills and attributes that Veterans picked up through their military experience that contribute to their success as business owners. With the right resources and the right mindset, Veterans know that they can accomplish anything.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Five Examples Why Veteran Are Successful Business Owners: By Debbie Gregory

VWISE

By Debbie Gregory.

The Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE) program was recognized as one of 2015’s “Bright Ideas” by the Ash Center for Democratic Governance and Innovation at the John F. Kennedy School of Government, Harvard University.

V-WISE is offered through a partnership between the U.S. Small Business Administration (SBA) and the Institute for Veteran and Military Families at Syracuse University. The program provides comprehensive entrepreneurial training to women Veterans, active duty and female family members.

As part of a three-phase program, V-WISE is being offered to 200 participants per session. The program includes a growth track for participants already in business, and start-up training for new entrepreneurs.

“V-WISE is an important and timely resource for women, and we’re proud of the successful entrepreneurs who have used this program to start and grow their companies,” said SBA Administrator Maria Contreras-Sweet. “Being recognized by Harvard University is a confirmation of a successful partnership making strides to support the small business ownership dreams of so many women Veterans.”

For consideration as one of the Ash Center’s Bright Ideas, a program must currently be in operation or in the process of launching, have sufficient operational resources, and be administered by one or more governmental entities.  Nonprofit, private sector, and union initiatives are eligible only if they are operating in partnership with a governmental entity. Bright Ideas are showcased on the Ash Center’s Government Innovators Network, an online platform for practitioners and policymakers to share innovative public policy solutions.

The V-WISE program was singled out by the Ash Center as a creative government initiative that deserves to be recognized and replicated. The Government Innovators Network was launched by the Ash Center in 2003 to highlight original ideas generated by government leaders and their public sector partners. This is the fourth cohort recognized through the Bright Ideas program, an initiative of the broader Innovations in American Government Awards program.

The Veteran and Military Business Owners Association (VAMBOA) is a non-profit business trade association that promotes and assists Veteran Business Owners, Service Disabled Veteran Owned Businesses (SDVOB) and Military Business Owners. Small businesses are the backbone of our economy and responsible for job generation. That is why VAMBOA provides its members with Business Coaching, Contracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Joint Program for Female Veterans Honored by Harvard: By Debbie Gregory

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