As part of services to help veterans become business owners, state and federal governments provide a variety of resources to aid in this objective.
Boots to Business
The Boots to Business (B2B) Program is offered through the U.S. Small Business Administration (SBA) as part of the Department of Defense Transition Assistance Program (TAP). This program offers an Introduction to Entrepreneurship course lasting two days that introduce service members, veterans, and military spouses to the resources, know-how, and business skills they need to become a veteran business owner. Once this training is complete participants can then take a free online course titled B2B Revenue Readiness.
Veterans Business Outreach Center (VBOC) Program
The Veterans Business Outreach Center (VBOC) Program is specifically designed to help veterans realize their aspirations to become entrepreneurs. This program provides veteran business counseling and veteran business training, as well as networking referrals. There are 22 organizations that participate in the VBOC program offering business owners help in assessing their needs and requirements, budgeting, creating financial plans, assessing funding requirements, conducting feasibility analyses, and helping service-disabled veterans.
Veteran Entrepreneur Portal
This online service is provided through the Department of Veterans Affairs and offers avenues for potential veteran business owners to connect to resources such as financing assistance programs, business expansion skills, and federal government contract options.
BusinessUSA.gov is another resource that offers veteran business owners and future entrepreneurs with tools and services to help start a business, finance business through state and federal programs and find government contracts. There is even an interactive guide to help military service members and veterans navigate the sometimes confusing would of government contract systems.
Service-Disabled Veteran-Owned Small Business Concern Program
This program, offered through the SBA, sets aside a minimum of 3% of contract award money for service-disabled veteran business owners. Veterans must already own a small business which must be at least 51% owned by a service-disabled veteran who is managing operations and making decisions for the business.
Contact Purevue Capital to learn more about resources to help support veteran business owners.