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Business Ideas For Veterans
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By: Scam Risk - Expert Reviewer
Business Opportunities For Veterans 2021: How You Can Continue To Serve!
What are the top small business ideas for veterans who want to start their own company?
Many military veterans return to civilian life eager to take on new challenges.
Discipline, attention to detail, and the persistent pursuit of a goal are characteristics they have developed that translate extremely well to being veteran business owners.
Fortunately, there are several veteran business opportunities, tools, and assistance available to help these veteran entrepreneurs get started!
Table of Contents
Business Possibilities For Veterans
There are several options for you or someone you know who has recently left the military career and wants to establish a business.
There are numerous franchise and business ideas available, as well as tools and assistance.
Help And Support Available For Military Veterans
1. Entrepreneurship training.
2. Funding options.
3. Grants for small businesses.
4. Mentorship for veterans.
5. Small business investment.
There are several areas where veterans may succeed in terms of business ideas for veterans.
Our military personnel is taught discipline, work ethic, and attention to detail.
These are also elements required for a successful business.
Take a look at these franchise and business ideas for veterans:
These are fantastic opportunities for veterans to establish or operate successful small businesses.
Creating affiliate sites:
Creating affiliate sites is one of the small businesses that is a wonderful way to generate long-term revenue that you can manage. Dive into a topic that interests you or picks up a new pastime and chronicle the process. Then, create and monetize a website. For the best step-by-step course, check out the Authority Site System from the guys at Authority Hacker.
Teaching wilderness survival, disaster preparation, or prepping:
There are many people who long to learn these skills from trustworthy pros. With these small business businesses ideas, a veteran may benefit from these business ideas and do extremely well while remaining inside his or her comfort zone.
A business centered on meeting the requirements of veterans:
Many military veterans face difficulties after going back from military life to civilian life. Who can better provide the necessary direction, support, and assistance than from fellow veteran entrepreneurs who have been through the same experiences? Create a small business that will benefit your fellow veterans and future retirees. You will not only have a successful small business idea, but you will also be doing a lot of good, and be one of the veteran small business owners.
Shooting range/firearms training:
This is another expertise that may be turned into a profitable small business for veterans. Many people want to learn, keep their skills fresh, or simply enjoy some target shooting every now and again. There are a surprising number of locations where there is no nearby shooting range. An excellent shooting range, particularly a veteran-owned business, is generally highly valued by the surrounding community.
Open a specialized bar:
Some of the best bars are ones founded by veteran entrepreneurs who have recently returned from military service. Some former military members were dissatisfied with the meager beer selections provided by the town’s current bars and decided to build something that offered more. Other former military members have developed bars with greater character and atmosphere than what was previously accessible.
Veteran’s franchises:
Many franchises appreciate the opportunity to work with veterans. They have programs, financial assistance, and other incentives to entice veterans to join their company. To be successful, owning a franchise business needs leadership, hard work, and discipline.
Veteran Franchise Opportunities
Starting with a franchise may be a wonderful way to get started for veterans who are new to business ownership.
They provide a business framework and assistance while allowing veteran small business owners to flourish inside that framework.
Here are seven companies that are seeking franchisees:
Papa Murphy's Pizza:
One of the best franchises for veterans is Papa Murphy’s. They are the fifth-largest pizza chain in the United States and are still expanding. Veteran franchisees have access to a one-of-a-kind program that reduces the initial start-up cost by half. They also provide various assistance to help veterans or active military members who are ready to retire from the service. More information on Papa Murphy’s veteran franchisee program may be found here.
The UPS Store:
UPS offers support to veteran business owners and is ranked among the top ten franchises. Any veteran with logistics experience will fit right in with The UPS Store. People who have military career backgrounds may be eligible for up to $10,000 in franchise purchase discounts. More information on the UPS Store veteran program may be found here.
7-Eleven:
Many of the senior corporate officials at 7-Eleven are military members. It should come as no surprise, therefore, that 7-11 is a veteran-friendly company. They offer veteran franchise buyers a discount.
Best Support For Veteran-Owned Businesses
The Small Business Administration (SBA)
The Small Business Administration (SBA) provides assistance to veterans who want to join the world of business ownership. Search for federal contract opportunities, training, and government funding programs.
The Office of Veterans Business Development
The Office of Veterans Business Development is dedicated solely to promoting veteran-owned businesses and entrepreneurship. It facilitates the use of all SBA programs by veterans, service-disabled veterans, reservists, active-duty service members, transitioning service members, and their dependents or survivors.
SBA programs provide access to funding to be better prepared for small business opportunities. They also help connect veterans with federal supply chains and procurement for small businesses.
The Veterans Business Outreach Program (VBOP)
The Veterans Business Outreach Program (VBOP) is an OVBD initiative that manages Veterans Business Outreach Centers (VBOC) throughout the country. This small business program features a number of success stories and provides eligible veterans with business plan workshops, concept assessments, mentorship, and training.
Small Business Loans For Veterans
To connect with lenders, you can use SBA resources such as Lender Match. Furthermore, the SBA gives special consideration to veterans through a number of programs.
- SBA Veterans Advantage. Guarantees loans made to businesses owned at least 51% by veterans or military spouses.
- SBA Veteran Entrepreneurship Act of 2015. Reduces the upfront borrower fee to zero dollars for eligible veterans and military spouses who apply for SBA Express loans up to $350,000.
- The Military Reservist Economic Injury Disaster Loan Program (MREIDL). Loans of up to $2 million are available to offset operational expenditures that cannot be met due to the loss of a critical employee summoned to active duty in the Reserves or National Guard.
Veteran Entrepreneurship Training Programs
SBA programs provide veteran entrepreneurs with personalized curriculums, in-person classes, and online courses to help them succeed. These courses cover the foundations of business ownership, as well as SBA resources and small business experts.
- Boots to Business: An entrepreneurship training offered on military facilities around the world, as well as a training track of the Department of Defense (DOD) Transition Assistance Program (TAP). Boots to Business Reboot extends the entrepreneurship training offered by TAP to veterans of all eras in their communities.
- Women Veteran Entrepreneurship Training Program (WVETP): This is an entrepreneurship training offered to women veterans, women service members, and female spouses of service members, and veteran entrepreneurs who are starting or growing a business. The SBA finances these business training programs for women veterans through grants such as:
- Veteran Women Igniting the Spirit of Entrepreneurship (V-WISE)
- San Antonio Lift Fund
- ONABEN
- Service Disabled Veteran Entrepreneurship Training Program (SDVETP): An entrepreneurship training offered to service-disabled veteran entrepreneurs who want to be small business owners or already own a small business. Through grantees, the SBA supports entrepreneurship training programs for service-disabled veterans:
- IVMF – Entrepreneurship Bootcamp for Veterans with Disabilities (EBV)
- Veterans Entrepreneurship Program (VEP) – Riata Center for Entrepreneurship, Spears School of Business at Oklahoma State University
- St. Joseph University’s Entrepreneurship Bootcamp for Veterans – St. Joseph’s University
- Dog Tag Inc.
- Veteran Federal Procurement Entrepreneurship Training Program (VFPETP): An entrepreneurship training offered to veteran-owned and service-disabled veteran-owned small businesses across the country who are interested in, or are already participating in, federal procurement.
- Veteran Institute for Procurement (VIP), encouraging veteran-owned small businesses to succeed. The training is provided at NO COST.
Military Spouse Entrepreneurs Resources
Military spouse entrepreneurs and business owners have the same access to small business programs and services as military service members and veterans.
Ex-Military Looking To Help Veterans In Business Ownership
Other military veterans who have found success in business are eager to assist others in becoming small business owners.
There are several companies like this that work with veterans. It is critical to select those with a proven track record and a solid reputation.
Three useful places to look for further information are:
- Streetshares
- Hivers & Strivers
- V-Wise
V-Wise is one of these companies/services that focus on women veterans. It provides extra assistance, training, and financing to women veterans who want to turn their small business idea into a reality.
Ways You Can Show Support For Returning Military Service Members And Military Families
Patronize veteran-owned businesses to show your support for returning military service members and their families. However, establishing whether a business – large or small – is veteran-owned or run is not always easy. There are definitely a lot of them: According to the National Veteran-Owned Business Association (NaVOBA), there are about 3 million veteran-owned businesses.
Veteran-Owned Businesses
Many of the big companies with which you deal on a daily basis are led by former members of the United States military. In an interview with Yahoo! Finance, FUBU creator and “Shark Tank” investor Daymond John said, “These are selfless individuals that go out and defend us… They know how to accomplish a task,…so I believe they are outstanding CEOs.” Among many more, these are a few companies you may be familiar with that were founded by veterans:
- FedEx, was established and headed by Frederick Smith, who served in the Marine Corps for four years.
- Sports Clips, a corporation founded by Gordon Logan and his wife. Logan graduated from MIT and is an Air Force veteran.
- Sperry Shoes, was created by Paul A. Sperry who joined the Navy Reserve before inventing the first boat shoe.
- RE/MAX, was co-founded by Dave Liniger and his wife. Liniger is an Air Force veteran who served during the Vietnam War.
- Walmart, was established by Sam and Bud Walton, who served in the Armed Forces and the Navy, respectively.
- GoDaddy, was founded by Bob Parson who served in the Marine Corps during the Vietnam War.
- Nike, was co-founded by Phil Knight, who served in the Armed Forces for one year on active service and seven years in the Army Reserve.
- Universal Health Services, was founded by Alan B. Miller, a college ROTC cadet who later served in the Armed Forces.
- Amway, was co-founded by Richard DeVos, who served in the Army Air Corps during WWII.
- Enterprise Rent-A-Car, was founded by Jack Taylor, a distinguished Navy aviator who served in WWII.
Companies Who Are Into Hiring Veterans
There are several employers here who are committed to hiring veterans, ranging from companies created by veterans, such as Enterprise Holdings, to corporations in military-adjacent industries, such as BAE Systems and Northrop Grumman, to the Wounded Warrior Project, a nonprofit that assists other veterans. One of them might be the ideal company for you to start your new career.
Enterprise Holdings
Jack Taylor, a World War II Navy veteran, founded Enterprise in 1957. Lessons he acquired in the Navy, such as the importance of integrity, hard effort, teamwork, and simply doing the right thing, shaped his personality and left their imprint on the organization he built.
Jack, a renowned fighter pilot, returned from his duty with a tremendous goal and the beliefs that would become the cornerstone of his business. He even named the corporation the USS Enterprise, after the ship he served aboard.
Northrop Grumman
Northrop Grumman helps with projects that have a major impact. Whether the company is building the next generation of cyber-secure technology or pioneering a new type of information network, they are doing so as one team with a single mission: to help improve world security.
Subaru of America
Subaru of America is one of the most trusted brands in the automobile industry, with over 600 retailers across the United States. The Subaru product line—renowned for longevity, reliability, traction, and active safety—represents one of the greatest repurchase-loyalty ratings in the U.S. market, thanks to the unique SUBARU BOXER® engine on all models and Symmetrical All-Wheel Drive on most.
Wounded Warrior Project
The Wounded Warrior Project (WWP) is empowering, employing, and engaging America’s injured veterans. WWP works with veterans and their families to help them succeed outside mlitary life. WWP connects troops to a network of support and resources through direct programs and services. Since 2003, the WWP team has helped over 500,000 warriors and their families. Many WWP staff are disabled veterans who have personally benefited from the company’s programs and services.
BAE Systems
BAE Systems partners with government and business to make defense, aerospace, and security designs a reality. BAE Systems takes on every project, from supplying technology and cyber solutions to arming the military with superior resources and optimizing aircraft and intelligence.
Vrbo
Vrbo is a global leader in vacation rental booking with over two million properties in 190 countries. The site makes it simple to select and reserve the right holiday rental, typically for cheaper than a hotel room. Vrbo is an Expedia Group brand.
Goldman Sachs
Your abilities and expertise will open doors for clients at Goldman Sachs. From the newest IPOs and market insights to sustainable energy and infrastructure initiatives, each of their teams contributes to global advancement.
Affirm
Affirm has been fighting the notion that banks don’t care about their clients since 2012. Affirm provides honest services that are backed by current technologies, new lending strategies, and flexible ways to use credit online by allowing customers to pay off purchases on their own terms—without surprise fees.
What Is Our Top Recommendation For Making Money Online In 2021?
Our review team has come across a program in the real estate industry that is next level!
Although it’s not real estate in the traditional sense, it’s all digital.
Where business opportunities for veterans fall short is in scalability.
You can’t realistically expect to be able to make an infinite amount of phone calls every day, you are limited by time.
But what if you leverage it?
With this digital real estate program, you can have the phone ringing at every minute of the day and never have to pick up once!
Sound too good to be true? Of course it does! But it isn’t…in fact, business owners wish they had this skill!
All you have to do is build and rank a website and forward the jobs off to a business owner in town, you could even email it to them!
This works for literally any service based business, tree service, plumbing, towing, etc.
How do you get paid and how much?
Simple, after you forward the jobs off to a business owner and he makes some money off of them, you simply ask to make the deal beneficial for each other.
A fair price to charge per lead, depending on the industry is 10-20%…let’s just use the tree service industry for example and go by worst case scenario.
Let’s say you build and rank the site and only 10 jobs a month come in. The average tree service job is anywhere from $500-$2000!
That means at bare minimum you have an asset worth $500 a month!
See why they call it digital real estate now? That’s a rent payment.
The great thing is how easy it is to scale. You don’t have to answer the phone…all you have to do is get the phone to ring.
Remember the business opportunities for veterans talking about daily commission checks?
This one actually allows you to collect that without being on the phone all day. Truly passive income!
The training program takes making money online to a whole other level. The owner of the program walks you through how to build and rank a site hand in hand, with the occasional voice over when he is sharing his screen.
You will learn the importance of keywords, website name, how to send call notifications via email, backlinking, etc.
Once the training program is completed you will also have access to a Facebook group much better than the business opportunities for veterans in our opinion. This group is much more active.
Unlike the business opportunities for veterans, where you’re the closer…these websites turn into your closer. A business will always want more leads and another job. In fact it doesn’t even matter that the job isn’t coming from their website name…they see it as it is…expanding digital real estate.
Unlike the business opportunities for veterans, more people have been able to walk away from their 9-5 job as well.
Now, I know you probably have tons of questions… So, check this out to learn more.
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