· News

How To Start a Veteran Business Checklist

As a veteran, you have the potential to be an excellent entrepreneur. However, starting a business in the U.S. can be a difficult and overwhelming experience. Find support for veterans as you enter the world of business ownership.

Create A Veteran Business Plan

Female veteran seeking online-resources for starting up.
Find resources and support for veteran-owned businesses.

10-Point Checklist For Launching Your Veteran Startup

As a veteran, your military experience has given you a unique set of skills and qualities that are invaluable in the business world. We are here to help you plan your veteran business with tips and resources to make your dream a reality. 

This is how veterans get started as entrepreneurs:

  1. Research and Develop a Business Plan: Start by conducting market research to identify a need or gap in the market. Develop a business plan that outlines your objectives, target market, product or service offering, and marketing strategy. It is also essential to have a financial plan, which should include projected revenue, expenses, and funding sources.
  2. Register Your Business: Choose a business structure, such as a sole proprietorship, partnership, LLC, or corporation, and register your business with the state in which you plan to operate. You will also need to obtain any necessary licenses or permits required by local or state governments.
  3. Seek Funding: Starting a business requires capital, and as a veteran, you may be eligible for funding from the Small Business Administration (SBA), Veterans Affairs (VA), or other organizations. Consider applying for grants, loans, or crowdfunding options.
  4. Leverage Your Network: As a veteran, you have a vast network of fellow veterans and military personnel who may be interested in your business. Attend networking events and reach out to your contacts to spread the word about your business.
  5. Hire Employees: Hiring veterans can be an excellent way to support your community and build a strong team. Consider partnering with veteran employment organizations to find qualified candidates.
  6. Take Advantage of Veteran-Owned Business Programs: The government offers various programs that can help veteran-owned businesses compete for government contracts. Research and apply for these programs to increase your chances of winning contracts.
  7. Focus on Marketing: Effective marketing can make or break a business. Develop a marketing strategy that includes social media, email marketing, search engine optimization (SEO), and other tactics to reach your target audience.
  8. Be Compliant: Ensure that your business is compliant with federal and state laws, regulations, and tax requirements. Consider hiring an attorney or accountant to help you stay on top of these responsibilities.
  9. Stay Confident: As a veteran, you have acquired a unique set of skills during your military service that can be applied to entrepreneurship. Bringing your leadership, adaptability and resilience skills to your business can give you a competitive edge.
  10. Contingency Plans Are Key: In war and crisis zones, you have several contingency plans, to ensure the safety of your team and the success of your mission. The same principle can be applied to running a business. Be aware of the SWOT factors that could impact your business idea (strengths-weaknesses-opportunities-threats). Develop a contingency plan.

»Peace has victories, but it takes brave men and women to win them.«

You might be interested in

Lean Business Plan Example: Start Up Fast and Lean

There are different ways to develop a lean startup template. We discuss the most relevant components of a model business plan here.

Microloan Program For Small Businesses: Facts Finder

With a microloan, founders successfully start their own business. Create a business plan with Zandura and prepare perfectly for your bank interview. This is how you get a microcredit from the SBA microloan program.

Find The Best & Worst States to Start Your Business

A state with ideal conditions for startups and young companies offers – for example – access to cash, a skilled workforce and affordable office space. In a study, WalletHub compared the 50 states on 27 key indicators of startup success. Find the ideal location for your startup now.

photo credit:

© 2024 Zandura