How to Start a Small Business – A Veteran’s SMB Guide with Tools and Financial Resources
As a veteran, many of the skills you learned in the military can be especially helpful in running a business. The wide range of hard and soft skills you acquired through service can be transferred with great success to the private sector. Many veterans are doing just that.
According to the United States Small Business Association (SBA), 2 1/2 million businesses are run by veterans. Nearly one in 10 U.S. businesses are veteran-owned. They cover the entire range of business types: from professional and technical services to consulting, construction, consumer products, and more.
While funding can be an obstacle for many new entrepreneurs, veterans have some advantages. Federal agencies are required to set aside a certain amount of funding for vets. This is especially helpful, given that many veterans lack sufficient credit history to obtain funding from traditional sources like banks.
In this guide, we outline the steps you’ll take to get a successful company off the ground. We’ll dive deep into each step and explain exactly what you need. We’ll introduce you to the wide range of excellent resources that can help you turn an idea into a successful business.
The instructions and step-by-step process are listed in this article.