It should come as no surprise that veterans are some of the most renowned entrepreneurs in the world. They possess skills and abilities that lead a business to success, including a strong work ethic and an excellent sense of determination. Today, Businessing Magazine covers some of the many resources available to veterans interested in creating a business.
Veterans Make Great Business Owners
The U.S. Department of Veterans Affairs offers resources for veterans interested in starting a business and is often referred to as the “start-up veterans” program. There are many resources, including grants, financial assistance, conferences, and workshops offered by the VA to help veterans start a small business or expand their existing startup venture.
Veterans have a lot of skills to offer. They have been through the fires of war and are used to working under pressure. They know how to deal with the unexpected and often use their skills to fix the unexpected problems that arise in the workplace. This same background and skill-set works for a business owner as well as an employee and because of that (and other reasons) many military-veteran business owners choose to hire veterans exclusively.
Using Your Skill Sets as an Entrepreneur
The Information Technology industry has experienced rapid growth and is expected to be the fastest-growing industry in the near future. Veterans are especially suited to this kind of work since most, if not all, of their military experience, has been engaging with technology in one form or another. Also, people who have served in the military are typically skilled at problem-solving, leadership, physical endurance, discipline, teamwork, and collaboration, which also lend themselves well in the information technology sector.
- Artificial Intelligence is fast becoming a part of our everyday lives. AI is the future, and most mainstream businesses will soon be using it, opening numerous tech startup opportunities.
- The eCommerce market is expected to total $5.55 trillion in 2022. People discovered that they enjoyed the ease of online shopping during the global pandemic, which created a massive shift in user behavior, opening doors for startups in the eCommerce sector.
- Cyber Security Services are in extremely high demand and few people are better suited to the challenge than a veteran. The cyber security market is expected to reach $352.25 billion by 2026, making a cyber security startup a good idea.
- Travel and Tourism. With most of the world opening up for travel, people are anxious to get back to planning their vacations, but with the overwhelming amount of online information, they don’t know where to start. If you offer people package deals of accommodation and travel routes, you can have a pretty lucrative business.
The Start-Up
Your first step will be creating a business plan. It will be your roadmap for how you’ll begin and operate your business. Your business plan should describe your company, how you’ll sell your services, how your business will be structured, and include what funding you’ll need and financial projections.
There are loads of apps and software that can be invaluable to guide you, save you time and money, and make your business run more efficiently. One very useful app is an online invoice generator. It can ensure you get paid on time and keep your records tax compliant. It can be found online, is free, and is customizable.
Also, these days most documents are digitized as PDFs, but if you’re at all unfamiliar with this format, you can learn how to edit a PDF here. A PDF editor allows you to make changes to documents and drawings without having to print anything out. Simply upload the file online to make changes, then download and share. As a veteran, you may want to become an entrepreneur out of a desire to be creative, regain a sense of service, tackle a challenge, work with a team, and apply the skills you learned in the military. Whatever the reason, now is a great time to launch that dream business, you’ve earned it and we’re all rooting for your success.
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