04 Jan Bridging the Gap for Veterans: Starting a Business as a Vetrepreneur
(Excerpt from Phase 2: Personal and Professional Growth as a Civilian, Chapter 7: Starting a Business as a Vetrepreneur )
Chapter 7: Starting a Business as a Vetrepreneur
Upon leaving the military in late 2001, I could have never imagined that I would start a Veteran Owned Business as a Vetrepreneur over ten years later (Power of One, LLC). In fact, I never would have thought that I would be a published Author either. The skills I gained in the military have afforded me the building blocks of not only my professional career as a civilian, but also have provided the essential tools to reach the highest pinnacle of my goals as a business owner as well.
Believe it or not, having served in the military has given you skills that you do not even realize that you have. When it comes to a starting, running, and operating a business you are in possession of the most valuable tools that any school or institution could teach you at an entry level. Sure there is information and specific technical knowledge that you will need to gain as you move forward if you choose to start your own business, but there is nothing that you cannot accomplish based on the base line you learned in the US military regardless of the branch or type of service you provided to our country.
Realizing that you have the essential building blocks of business in areas such as teamwork, organizational skills, time management, and budgetary means can allow you to have great financial rewards down the road, if you choose to become a vetrepreneur. In order to do so, you need a quality business plan, quality resources, startup cash, a plan of action, and also the mettle to succeed even when you fail or lose money to start off with. It is not the potential short-term losses, but rather it is the long-term plans that could or could not come to fruition. It all falls on your ability to persevere and go further than anyone ever thought possible in spite of the obstacles that you may face.
In order to do so you need an idea that is unique and meets a need or solves a problem. This could be in the form of either a product or a service that you will provide to your customers. The niche that you make will ultimately lead to a brand awareness becoming a reality on a local or global scale depending on how far you see the vision for yourself. You can dream as big as you want and no one can hold you back from reaching the goals that you set for yourself. The truth is that we all need some inspiration and or motivation.
There are specific steps that you can take that will help you realize the validity of the direction you want to go in. The business you start may not be the business you end up making money on. You must be flexible and adapt to the global and economic market around you. You have to constantly dealing with change and being an Owner or President is not about a fancy title. It is more about results, the all-important financial reports, and the culture you create for the employees that you will end up employing. The sky is the limit and the future is yours as a veteran, if this is the road you choose to go down. If so, the following chapter will give you some more information that will assist you in this endeavor as a pioneer or trendsetter in the industry of your choice.
7 Steps Towards Establishing your Business
1. Formulate an idea for a product or service that can solve a problem, satisfies a need, or achieve a specific goal.
2. Identify the exact industry or industries you want to conduct operations in.
3. Speak to other veterans or business owners who have previously started a company, in order to identify what their strengths and weaknesses are.
4. Write a Business Plan and have it reviewed by a professional for feasibility.
5. Set realistic short and long-term goals for the revenue you plan to utilize to operate the business.
6. Organize the structure of the business and start making the necessary business connections that will align your company for success.
7. Start raising the capital for your venture and file all necessary state and federal documents involving your company.
Learn more about the writing and inspirational speeches by Michael Bluemling Jr. @ Power of One, LLC http://www.powerofonellc.com
Turning the Page can be purchased @ http://www.amazon.com/Turning-Page-Overcoming-Abuse-Fulfillment/dp/057813764X
Heart to Heart with God is being edited and can be read in its entirety pre-edit @ http://www.powerofonellc.com/category/blog