Former military members can put their previous training to work when starting a home Internet business.
Whether it is military related or not, a home-based business is the perfect introduction to civilian life for former military personnel.
When it comes to business start-ups, here are a few reasons veterans and home Internet businesses makes a good fit:
Veteran-Owned Businesses in the U.S.
There are a growing number of veteran-owned businesses in the United States and the trend isn’t slowing anytime soon.
In fact, according to a recent survey by the U.S. Small Business Association, former military members own nearly 2.5 million businesses nationwide.
Likewise, veteran-owned businesses employ 5 million workers and have sales in the $1.2 trillion dollar range each year. Texas, California, Florida, Georgia, and New York have the most veteran-owned businesses in the country.
It’s plain to see that former military members are a major part of U.S. business.
The question is, how do veterans find the startup capital for their businesses and what kinds of home businesses do they start?
Business Loans for Veterans
As the following article looks at, from standard small business loans to military auto loans on the move, there are a number of ways veterans are finding funding for their home businesses.
For starters, the U.S. Small Business Association (SBA) offers veterans plenty of resources for starting a small business, including tips for writing a business plan and estimating startup costs.
The SBA also offers express loan programs for veterans looking for immediate funding for their home businesses.
In addition, the U.S. Department of Veteran Affairs has a veteran entrepreneur portal that helps former military members find and acquire business loans.
Finally, an upcoming change to the post 9/11 G.I. Bill will allow veterans to put their education benefits toward startup capital for a new business.
All of these options are making it easier for former military members to become full-fledged business owners.
Types of Home Businesses for Vets
There are countless business opportunities for veterans, especially when it comes to running a business from home.
Thanks to their extensive training, attention to detail, and strict routines, military members all across the country are finding home business success.
Here is just a small sampling of home businesses that are ideal for a military mindset:
• Self-Defense Training – Many veterans are already using their skills to run self-defense training classes. These classes are easy to market and schedule online, which is perfect for a home business. Classes usually take place in shared spaces such as community centers and gyms.
• Disaster Preparation and Planning – Vets are natural problem solvers, especially in times of crisis. That’s why many vets are offering disaster prep and planning services. These services, which can be run online and through at-home visits, use the veterans’ extensive military knowledge to prepare homeowners for natural disasters such as hurricanes and tornadoes.
• IT Services – Today’s military is technologically advanced, which spells opportunity for tech-savvy vets looking to start a home business. By providing IT services for local businesses, veterans can work from home and put their technological skills to the test on a daily basis.
When it comes to former military members and home businesses, the entrepreneurial alliance is proving successful.
Photo credit: Image courtesy of Gualberto107 at FreeDigitalPhotos.net
About the Author: Adam Groff is a freelance writer and creator of content. He writes on a variety of topics including home businesses and small business loans.