Are you a veteran small business owner looking for financing? Are you struggling to find it? If you answered yes to either, you are not alone. Many veteran entrepreneurs struggle to find money to start or grow a small business, which could be limiting the number of veteran-owned businesses. According to Slate.com, less than 5% of the people who have served in the U.S military since 2001 have gone on to start their own business as compared to nearly 50% of Korean and World War II veterans.
Connect2Capital wants to change that by connecting veteran entrepreneurs with the capital and resources they need to be successful business owners.
Three things to keep in mind when thinking about your business:
- Talk it up!
- Speak with other veteran business owners. Learn from their successes and mistakes. You should also be reaching out to business advisory services like your local SCORE, Veteran’s Business Outreach Center (VBOC) and Small Business Development Center (SBDC) to be connected with a wide variety of business resources.
- Be prepared
- If you are ready to look for financing you should know your business inside and out and be ready to provide that information to a lender. Our Small Business Toolkit can help walk you through the process of applying for a loan.
- Go for it!
- Whether you are just thinking about starting a business or are already a seasoned business owner, believe in yourself. Don’t be afraid to ask hard questions and take risks. Your business will not happen without you.
This Veterans Day, and every other day, we thank all of our military members for their service.