Want to Learn More About what the Healthcare Law Means for Your Business?

SBA, the Department of Health Human and Services, and Small Business Majority have teamed up for a free weekly webinar series where small employers can learn the basics of the Affordable Care Act and what it means for their organization and employees. Topics covered include cost containment, the Small Business Health Care Tax Credit, the new Health Insurance Marketplace, and Employer Shared Responsibility. Webinar content will generally be the same each week. Below are the dates/times for upcoming webinars.
•Thursday, July 17 at 2:00 PM ET
•Thursday, July 24 at 2:00 PM ET 
•Thursday, July 31 at 2:00 PM ET 
•Thursday, August 7 at 2:00 PM ET 
•Thursday, August 14 at 2:00 PM ET 
•Thursday, August 21 at 2:00 PM ET 

Posted by Matthew Pavelek at 07/14/2014 10:46 AM

Celebrating Hispanic Vetrepreneurs

Written by Mimi Lohm

Did you know that the nearly 3 million member businesses of the United States Hispanic Chamber of Commerce (USHCC) generate over $465 billion to the American economy every year. And many of those businesses are veteran-owned. And because Hispanic veterans have become such an economic force in our country, NaVOBA, along with Hilton Worldwide and Microsoft, will announce the first Hispanic Vetrepreneur of the Year award in September.

NaVOBA has long been a top advocate for veteran-owned businesses large and small. In June, the association presented the first Woman Vetrepreneur of the Year. Our September issue will feature the announcement of the 2014 Hispanic honoree, who will be celebrated during a special reception at this year’s USHCC National Convention in Salt Lake City, Sept. 21-23.

The USHCC’s mission is to foster Hispanic economic development and to create sustainable prosperity for the benefit of American society. The USHCC actively promotes the economic growth and development of Hispanic entrepreneurs and brings value to its members by providing networking and procurement opportunities, advocacy and professional education.

Nominations for the award were accepted throughout the first half of the year. To be eligible, the nominee must be a U.S. military veteran business owner who actively runs the company.  Each honoree demonstrates the finest attributes crucial in leading a flourishing business; sustained business growth and success; and an extensive aspiration to cultivate veteran entrepreneurship.

The Hispanic Vetrepreneur of the Year is the second in a series of awards being presented this year by NaVOBA. In October, we’ll announce the 2014 Minority Vetrepreneur of the Year, followed by the 2014 Vetrepreneur of the Year Award in November. 

Posted by Len Vermillion at 07/07/2014 01:53 PM

SBA Announces Dates for Boots to Business: Reboot

Each Boots to Business event, led by SBA Resource Partners and industry experts from Syracuse University’s Institute for Veteran and Military Families (IVMF), will host up to 100 veterans for a two-day Introduction to Entrepreneurship class.

Boots to Business: Reboot, will introduce veterans to the fundamentals of business ownership, and lead participants through the key steps for evaluating business concepts and developing a business plan. The program will also introduce participating veterans to a network of lifetime  business support available locally across the U.S. by introducing them to SBA’s network of Veteran Business Outreach Centers, Women’s Business Centers, Small Business Development Centers and SCORE Counselors.

Boots to Business: Reboot will adapt the curriculum from the SBA-sponsored Boots to Business: From Service to Startup, a worldwide program offered as a component of the Department of Defense’s redesigned Transition Assistance Program (TAP) renamed Transition GPS.  The curriculum, developed to introduce transitioning service members to business ownership and connecting them to resources in their local communities, will now be available to more than 22 million Veterans who have already transitioned into civilian life.

Following the two-day training, participants will also be eligible to register for “Foundations of Entrepreneurship” an eight-week, online course led by instructors from IVMF that offers in-depth instruction on the elements of a business plan and techniques and  tips for starting a business.   After completing Boots to Business: Reboot, participants will have the tools and knowledge they need to identify a business opportunity, draft a business plan, connect with local resources and launch their small businesses.

The Boots to Business: Reboot events will kick off at the White House on July 11 -12, 2014 and culminate on August 25 -26, at the American Legion National Convention in Charlotte, North Carolina.  Throughout the month, ten additional events will be held in the following cities:


July 11 – 12: Washington, D.C.

July 24 – 25: Dallas- Fort Worth, Texas

July 29- 30: Miami, Florida

July 31 – August 1: Chicago, Illinois

August 5 – 6: Boston, Massachusetts

August 6 – 7: Albuquerque, New Mexico

August 8 – 9: Kansas City, Missouri

August 13 – 14: Detroit, Michigan

August 13 – 14: Philadelphia, Pennsylvania

August 15 – 16: Los Angeles, California

August 20 – 21: Seattle, Washington

August 25 – 26: Charlotte, North Carolina

For more information, or to register for the events visit the Boots to Business: Reboot event website.


Posted by Matthew Pavelek at 06/30/2014 02:33 PM

NASA Langley Research Center (LaRC) Schedules Industry Day for Vetrepreneurs

The SDVOSB Industry Day event, is an opportunity for companies to meet with decision-makers regarding doing business with the agency. The targeted audience for this event is SDVOSB companies; however, all small businesses may register to attend. If you have any special accommodation requirements, please email the LaRC Small Business Specialist, Mr. Randy Manning directly at Randy.A.Manning@NASA.gov.

Attendees will hear from Small Business Program Managers/Specialists from NASA Headquarters and all centers, Small Business Technical Coordinators, prime contractor representatives, and others. Attendees will be able to meet with NASA Small Business Specialists and contractors.

Click here to register for the event.

All attendees must register through the website to ensure access to LaRC on the day of the event. The event will be held at the Reid Conference Center, 14 Langley Boulevard, Hampton, VA 23681. Due to limited seating, registration will be handled on a first come first serve basis, and we ask that companies limit their number of attendees to no more than three per company.

Click here to learn more about the NASA Small Business Program.

Posted by Matthew Pavelek at 06/30/2014 02:14 PM

The Five Ps of Being a CEO

Most of you are founders; entrepreneurs. Your company’s success came largely from proving a business concept in the early stages, then expanding to a small number of employees who could be directly inspired and managed by you. 

But some of you are also CEOs who continue to run your business beyond significant growth.  At some point, you transitioned from being an entrepreneur into being a CEO. And while similarities between the two roles abound, there are five areas where a CEO must thrive.  Marketing has its five Ps.  I call these a CEO’s five Ps:  People, Product, Process, Policy and Pupil.  In this second of a seven-part series, we will explore the different new business types.

New businesses take three basic forms:  franchises/dealerships, lifestyle and new concepts. 

Franchises require a competent and hard-working owner to follow the business model “recipe” that others have already proven.  A typical example is a restaurant chain.  Open a Chick-fil-A, follow  S.Truett Cathy’s business model (Cathy is a vetrepreneur by the way, U.S. Army 1939 –1945), and success will almost assuredly come your way.  In fact, the franchisor, the mother ship, usually conducts extensive market research to ensure that your chosen location is one which will yield success. Dealerships are similar to franchises in that they enable a business concept to expand into other locales. Dealerships are businesses which act as local sales agents for manufacturers.  Auto dealerships are a good example. The manufacturer usually ensures that there is demand for their product in the chosen location. Both franchises and dealerships will deal with local competition, but in doing so, each will get substantial guidance from the “mother ship.” 

Lifestyle businesses usually exploit the special interest or skill of the founder.  Examples are dental practices, real estate agents and residential paint contractors.  A skilled and hard-working owner can make a lifestyle business successful. Franchises, dealerships and lifestyle businesses are all similar in that they don’t require the owner to invent any new product or a new twist on an existing product.  They can grow but usually remain small and locally or regionally focused. 

Franchises, dealerships and lifestyle businesses have much in common. They are the most likely to succeed, require the lowest levels of innovation, draw their revenue primarily from customers in a defined geographical area, are usually personal (B2C) and they serve basic needs that would otherwise be served by another restaurant, car brand or paint contractor. 

New concepts, on the other hand, are very different.  The product or business model is new and innovative, the risk much greater, they often serve business, as opposed to personal, needs and usually possess a customer base that extends beyond a small geographical footprint.  Examples are varied, from web technology start-ups to auto parts manufacturers. 

How an owner scales from entrepreneur to CEO varies depending upon the type of business.  

Posted by Chris Hale at 06/20/2014 01:32 PM


Vetrepreneur Cover June 14, 2014
In This Issue
In this issue of Vetrepreneur magazine, our 2014 Woman Vetrepreneur of the Year.

Military Friendly Franchises

MilitaryFranchising.com offers an online matchmaking tool for veterans which helps match those interested in purchasing a franchise find the franchise that best fits their needs.

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