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By Debbie Gregory.

The entrepreneurial spirit is a mindset. It’s an attitude and approach to thinking that actively seeks out change, rather than waiting to adapt to change. It’s a mindset that embraces critical questioning, innovation, service and continuous improvement.

Many millennials get their idea of entrepreneurship from watching Shark Tank, giving little thought to the fact that most of the goods and services they enjoy probably sprang from the imagination of an entrepreneur.

Fred Smith is the founder, chairman, president, and CEO of FedEx. In 1962, Smith entered Yale University. While attending Yale, he wrote a paper for an economics class, outlining overnight delivery service in a computer information age. It is said that his professor told him that, in order for him to get a C, the idea had to be feasible.

Following his graduation, Smith served two tours in Vietnam with the Marine Corps, one as an infantry officer and one as a forward air controller. There he witnessed the military’s logistics operations, using flight to move personnel and equipment on a massive scale.

After leaving the military with a few distinguishing medals, including a Silver Star, a Bronze Star and two Purple Hearts, Smith bought an aviation company that would grow to be FedEx. He named the company Federal Express because he believed the patriotic meaning associated with the word “federal” suggested an interest in nationwide economic activity.

Federal Express officially began operations on April 17, 1973. That night, 14 small aircraft took off from Memphis and delivered 186 packages to 25 U.S. cities.

Today, FedEx is consistently recognized as one of the most admired brands in the world and one of the best places to work. But like many innovative companies, it started out as an idea championed by a determined person.

servitek

Each year, during National Small Business Week, the U.S. Small Business Administration (SBA) District Offices recognize various small businesses for their contributions in their community.

The SBA Los Angeles District Office awarded Geoffrey Reyes of Servitek Solutions the 2017 Veteran Business Champion of the Year Award. The award is given to an individual who has fulfilled a commitment to advancing small business opportunities for veterans of the U.S. Armed Forces.

Servitek Solutions, Inc. is an electrical construction company based in City of Industry, California. Under the skilled leadership of Reyes, Servitek grew from a part-time engineering consulting service operating out of a spare bedroom to a full-service, multidisciplinary electrical contracting company. Servitek builds electrical, data, security, and transportation infrastructure for public works.

Reyes separated from the Navy in 2000.  He obtained his Master’s degree in Engineering Management and worked in the private sector defense industry for five years. His entrepreneurial character, natural negotiating skills and passionate attitude fueled his desire to start his own business. In 2008, Servitek Solutions, Inc. was born.

Reyes is also an avid speaker at various contract readiness workshops, and is featured in the Department of General Services Disabled Veteran Enterprise (DVBE) program.  He also is one of CalVet’s DVBE Advisory Council members.

VAMBOA, the Veterans and Military Business Owners Association congratulates Geoffrey Reyes and Servitek.

Here is a collection of places you can buy bitcoin online right now.

vip

VIP START, a new addition to VIP programming, accelerates the success of Veteran owned small businesses into the Federal marketplace.  VIP GROW, the flagship program of VIP, accelerates the growth of Veteran owned small businesses in the federal marketplace.  VIP START – October 18 – 20, 2016.  VIP GROW – December 6-8, 2016, and something new, VIP INTL. – March 14 – 16, 2017.  Visit them on the web  to learn more and to register for these amazing programs.

EBV10 part2

By Tina M Kapral | Senior Director of  Education and Training
Institute for Veterans and Military Families (IVMF) at Syracuse University

In July of 2007,  Dr. J. Michael Haynie held the first Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) class of seventeen students. These individuals were from across the U.S., from different service branches and ages, but all had the dream of owning their own businesses. The business ideas ranged from construction firms to non-profit organizations helping other veterans. The EBV residency phase was and still is intense — long days of classes, taught from a very practical standpoint, and late nights working on venture pitches to present at the end of the week. This was a purposeful approach.  Servicemembers know what to expect in “bootcamp” and that is exactly what they received, classes delivered on opportunity recognition, marketing, operations, supply chain, government contracts, legal and human resource management to name a few.  It was a great success; all seventeen students graduated at the end of week with pride and a new “mission” in life.

As it is often said, good news travels fast. As other schools heard of EBV and its success, many more schools wanted to have their own EBV programs.  This led Dr. Haynie to create the EBV consortium. First to join, Florida State University, then UCLA, Purdue, UCONN, Texas A&M, to today, where the EBV’s 10-university consortium also includes Cornell, LSU, Saint Joseph’s University, and University of Missouri, with the Whitman School of Management at Syracuse University continuing to serve as the national hub. EBV has since helped Dr. Haynie launch other veteran and military family entrepreneurship training programs to include EBV-F, VWISE, Boots to Business, and Boots to Business Reboot

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Dr. Haynie never envisioned EBV to grow to ten schools, nor did he anticipate the launch of the IVMF in 2011. Yet, through these programs and services dedicated to advancing the post-service lives of America’s servicemembers, veterans and their families, the Institute and current Syracuse University Chancellor Kent Syverud are bringing Syracuse University’s commitment to veterans and their families full circle.

In 1940, “The University promised programs that would address individual needs of veterans, whether they wished to complete job training, their high school diploma, or an advanced degree.”  Post-World War II, Chancellor William Pearson Tolley recognized the role that higher education can play in advancing our nation’s returning veterans. He announced Syracuse University’s “uniform admissions program,” which ensured all military personnel admission to Syracuse upon return from war.” http://vets.syr.edu/about/role-impact.

History repeats itself, but this time in a positive, impactful way for our aspiring vetrepreneurs.

actBy Debbie Gregory.

The Veterans Entrepreneurship Act of 2015 was passed by the Senate on July 23, 2015. The amendment is added to the Small Business Act. It prohibits the Small Business Administration (SBA) from collecting a guarantee fee in connection with a loan made under the SBA Express Program to a veteran or the spouse of a veteran on or after October 1, 2015. There is a provision to exempt the act during any upcoming fiscal year for which the President’s budget, submitted to Congress, includes a cost for the program that is above zero.

The amendment also requires the SBA to assess for Congress the level of outreach to and consultation with female veterans regarding access to capital by women’s business centers and Veterans Business Outreach Centers.

Additionally, starting October 1, 2015, the act prohibits the SBA from guaranteeing a loan if:

the lender determines that the borrower is unable to obtain credit elsewhere solely because the lender’s liquidity depends upon the guaranteed portion of the loan being sold on the secondary market, or

the sole purpose for requesting the guarantee is to allow the lender to exceed its legal lending limit.

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 CoachingContracting Opportunities, a Blog that provides information, Networking contacts and other resources. Membership is FREE to Veterans. Join Now!

VAMBOA: Loan Advantage for Veterans Passes: By Debbie Gregory

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