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Top Tips for Veterans Starting a Business

Writer's picture: Ali CraigAli Craig

Starting a business can be an exciting yet challenging journey, especially for veterans transitioning from military to civilian life. Veterans bring unique skills like leadership, discipline, and problem-solving, which are invaluable in entrepreneurship. However, navigating the business world requires careful planning and strategy.


Here are some top tips to help veterans kickstart their entrepreneurial ventures and thrive in the business world.


1. Start with a Clear Vision

Every successful business begins with a strong vision. Reflect on your passions, skills, and experiences to identify a business idea that aligns with your goals. Consider industries where your military background gives you a unique advantage, such as logistics, security, or leadership consulting.

Once you have an idea, define your mission and objectives. A clear vision will guide your decision-making and help you stay focused as you navigate challenges.


2. Create a Solid Business Plan

A well-thought-out business plan is essential for turning your vision into reality. Your plan should include:

  • A detailed description of your product or service.

  • Market research to identify your target audience and competitors.

  • Financial projections, including startup costs, revenue, and funding sources.

  • Marketing strategies to reach and attract customers.


A strong business plan not only helps you stay organized but also demonstrates your preparedness to potential investors or lenders.


3. Leverage Your Military Skills

Veterans possess unique qualities that give them an edge in entrepreneurship. Leadership, adaptability, and teamwork are critical skills for running a business. Additionally, the problem-solving and crisis management abilities developed during service are invaluable for handling business challenges.


Translate these skills into your business operations and emphasize them when building your brand or pitching to investors. Your military background is an assetā€”use it to differentiate yourself in the marketplace.


4. Seek Out Veteran-Specific Resources

Numerous programs and organizations are dedicated to supporting veteran entrepreneurs. Take advantage of these resources to access funding, mentorship, and training:

  • Victor + ValorĀ®:Ā Offers tailored mentorship, workshops, and resources to help veterans and military spouses navigate the challenges of starting and growing a business. Their community provides invaluable support and connection for aspiring entrepreneurs.

  • Small Business Administration (SBA):Ā Offers veteran-specific loans, training, and support through its Office of Veterans Business Development.

  • Veteran Business Outreach Centers (VBOC):Ā Provide free business training, counseling, and mentorship.

  • Patriot Boot Camp:Ā Offers intensive training and networking opportunities for veterans and military spouses.

These resources are tailored to address the unique challenges veterans face when starting businesses. Victor + ValorĀ®, in particular, stands out as a community committed to empowering veterans to achieve lasting success.


5. Build a Support Network

Entrepreneurship can be a lonely journey, but you donā€™t have to go it alone. Surround yourself with mentors, fellow veteran entrepreneurs, and supportive networks. Join veteran business associations or local chambers of commerce to connect with like-minded individuals who understand your journey.


Building relationships with other entrepreneurs can provide valuable insights, partnerships, and encouragement to help you succeed.


6. Focus on Continuous Learning

The business world is constantly evolving, and staying informed is key to staying competitive. Invest in your professional development by attending workshops, enrolling in online courses, or reading industry publications.


Many organizations offer free or discounted business training for veterans. Take advantage of these opportunities to sharpen your skills and gain the knowledge needed to grow your business.


7. Embrace Flexibility and Resilience

In the military, adaptability is a way of life. Apply this mindset to your business by being open to change and ready to pivot when necessary. Challenges and setbacks are inevitable, but resilience will help you overcome obstacles and stay focused on your goals.


8. Start Small and Scale Gradually

Itā€™s tempting to aim big from the start, but launching on a smaller scale can help you manage risks and refine your operations. Test your product or service with a small target audience, gather feedback, and make improvements before expanding.


Starting small allows you to learn and grow sustainably, ensuring long-term success.


Why Veterans Are Well-Suited for Entrepreneurship

Veterans bring a unique perspective and skill set to the entrepreneurial world, making them natural leaders in business. By leveraging available resources, building strong networks, and applying the discipline and resilience gained through service, veterans can overcome challenges and create successful ventures that make a lasting impact.


If youā€™re a veteran ready to start your entrepreneurial journey, remember that support is available to help you succeed. Organizations like Victor + ValorĀ® are here to provide the tools, mentorship, and community you need to turn your vision into reality. Together, we can help you achieve your entrepreneurial dreams.











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Victor + Valor® is a 501C3 nonprofit serving the U.S. Military and their families living the American entrepreneurial dream by offering community, consulting, training, and branding/marketing services free of charge.

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