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

6 Smart Ways to Make Money While Asleep

It is now easier to get rich without stress by way of residual income than any other way which is legit. That is one way to allow your money make more money for you even without any significant additional efforts on your part. If you invest well, you get to make money 24/7 and in 365 days of the year. That includes even while asleep. Sounds fantastic, I suppose? These here are 6 smart ways you can get it done.

01. Earning Royalties. Royalty is the income you earn from your creative efforts. If you’re a talented musician, actor, comedian or author, you could earn royalties from your work. That is the money which accrues to you when people pay you for using your work or creative assets. It runs in perpetuity for so long as such work appeals to people.



02. Renting out Your Property.  You can rent out any property you own to earn income during the period you are not using it. These days, it is easy to earn cool cash from renting out your home while on vacation or your vacation home when not in use. You can also rent out your garage, parking space, or unused office space. That allows you to earn quick and steady supplemental income without really doing anything else extraordinary to earn it.

03. Blogging. The essence of blogging is to earn a significant following online from people who are interested in the information you have to share. Perhaps the most popular way to earn a passive income online is by launching your own blog. It is fairly easy to set up but you must have a considerable and useful knowledge base you want people to learn from. If your content becomes popular enough, you quickly gain followership. Next step is to monetize the blog to earn residual income by selling advertising and earning commissions on products promoted on the blog as an Affiliate.

04. Investing in Stocks or Shares. Your initial investment entails buying shares/stocks in a company. When you invest in company stocks, it makes you a stakeholder in the company. With that, you are then entitled to a share of the company’s annual profits if declared. Investing in stocks has been a popular way to earn a passive income for many years. Now with the internet, it has become easier than ever to research and invest in stocks on your own and in the comfort of your home/office.

05. Earning Commissions. If you have a popular website or blog which attracts good online traffic, you can promote products on it to earn commissions. With Google adsense, you are treated as a publisher for advertisements and you earn commissions rated by way of Pay Per View or Pay Per Click, that is PPV and or PPC. That generates substantial residual income depending on how popular your site is and how much traffic it gets.



06. Selling Your Own Products. The products you can sell can either be eProducts or physical products through your own online eCommerce store. If you’re knowledgeable in a certain area, then you can start creating products, such as eBooks or videos for sale on your website or blog. These products may take a lot of work to create and set up, but once all the leg work is over, you can just sit back and collect the proceeds when the orders start to roll in. Even if you don’t have anything of your own to sell, you can start drop shopping. This is where you sell products for a company on eBay or Amazon and they’ll take care of everything else, including shipping. You just earn your commissions.