Tuesday, 10 January 2017

4 Business Opportunities Suitable for Veterans

Are you a veteran? Do you have friends or relatives who are veterans? If yes, there is good news for you. Veterans can and do make great entrepreneurs and or small-business owners. From their training and service experience, many veterans indeed possess many of the skills necessary to survive in the business world. These skills include but not limited to leadership, orderliness, discipline, responsibility, teamwork and the ability to make snappy on-the-spot decisions. Some businesses especially require these skills to succeed. That is why they are very suitable for veterans. Here are 4 options to take a pick from if you are a veteran.

01. Security Consultant: Having served in any of the disciplined and armed services, it is assumed that through training and experience, many veterans have come to know a lot about security and the use of firearms. That is largely why many firms make veterans their very first port of call when it comes to designing, building and maintaining credible security infrastructure for their companies. Veterans are at home too when they do business helping to secure lives and property 24/7.

02. Retail Shop Management: Retail shop management is a good business option for veterans who excel in sales, marketing and supply chain management. Starting and managing a retail business works well for veterans who want to focus on selling a product with a military theme as many experts have correctly observed. Because people generally like veterans, they like to buy products or support companies which project veteran identity. Civilians like to support veterans by shopping at veteran-owned businesses perhaps to also be regaled with war-time stories many veterans relish in telling. That patronage is what keeps veterans in retail shop management in good business.

03. Franchise Ownership: According to Mark Rockefeller, a U.S. Air Force veteran and CEO of StreetShares, an online small-business lender, “Veterans are drawn toward franchising because it mirrors the military structure.” Franchising is exactly what by training and service experience, veterans are already very much at home with. There are other advantages veterans derive from franchising. With a franchise, they don’t have to start from scratch to grow a new brand. All the systems and procedures they need will already be in place when they buy a franchise. The exact training and support they also need is provided by the franchisor. That sounds really great for veterans.

04. Government Contractor: Traditionally worldwide, governments are usually the largest purchasers of goods and services. These governments who were the former employers of veterans already have a well-established relationship with them and there is the tendency to trust them with business as well. In some countries like the US, there are programs like, the “Vets First Contracting Program” which help all veterans better compete for government contracts. That naturally gives veterans some contracting advantage when bidding for government contracts. Some other countries have in place many more incentives which help veterans to thrive well in business doing government contracts.

“If we are born poor, it is not our fault, but if we die poor, it is!”…… Bill Gates

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