Many veterans are successful in running business. Many of them even have large employee base. The good news is that more and more veterans are interested in running a business. As a result, veteran-owned businesses play more important role in driving the national economic growth. In response to the trend, the government agencies as well as non-profit organizations prepare a number of free entrepreneurship programs for veterans to help them start and grow the business into a successful one.
4 Free Entrepreneurship Programs for Veterans
Free programs designed to help veterans grow their business are available from different organizations and agencies. The following are some of the options:
Boots to Business (B2B)
This free program is available from Small Business Administration (SBA). The course is designed for veterans, active duty service members, and their spouses to prepare for launching a new business. The subjects include overview of entrepreneurship, fundamentals of business management, business finance, how to develop business concept and business plan, and many more. Veterans of any age can join B2B program.
Participants can further study about business by joining B2B Revenue Readiness – an online course, which is offered by SBA in collaboration with Mississippi State University. The program is also free. More information about program schedule and registration is available on sbavets.force.com.
This program is available from Vetrn.org. The non-profit organization, which focuses in providing free course programs for veterans and family members who are running small businesses. The program invites speakers with skills in business, accounting, marketing, finance, banking, venture capital, and legal aspects. Upon completion of the program, the participants are expected to be able to grow their businesses.
The programs include subjects like business development strategies, strategic planning, human resource management, financial management, accessing capital, and government contracts. The VETRN program is not designed for those who are planning to run a business. Instead, expected participants are those who have been running a business.
This program is designed by International Franchise Association (IFA) specially for veterans pof the US Military. VetFran has two important missions, namely, to educate veterans and franchisors about the opportunities of franchising business. This is based on the research findings that veterans make great businesses, particularly franchises.
The second mission is to facilitate veterans who are transitioning into franchises. The organization collaborates with franchisors and encourages them to offer special discounts and incentives for veterans and their family members.
This is one of free entrepreneurship programs for veterans. The Veterans Business Outreach Center (VBOC) offers this in collaboration with the US Small Business Administration (SBA) and more than 22 organizations. The program includes counseling, business training, and resource partner referrals. The program is available for:
- Transitioning service members
- Active members of National Guard and Reserve members
- Military spouses, who are interesting in growing a small business
Besides the above programs, there are many other free entrepreneurship programs for veterans. You can find comprehensive information on them by browsing the internet. The programs vary widely, but you can choose them based on your needs and preferences.