5 tips for transitioning military who want to be entrepreneurs
A recent Military Times article, “Starting and supporting vet-owned businesses,” focused on the growing number of veterans who are going into business for themselves. Now more than ever, it’s important for those leaving the service to consider all their career options and support fellow veterans who own their own businesses.
If you’re transitioning military and missed this article, here are five things it called out you should know about becoming your own boss.
Start with TAP: The military’s Transition Assistance Program (TAP) now offers guidance on starting a small business. Operation Boots to Business, a Small Business Administration program, is offered at TAP classes throughout the U.S.
Get help post-transition: The Entrepreneurship Bootcamp for Veterans with Disabilities, a crash course on starting and running a small business, is offered at select universities around the country. Syracuse University has V-WISE, a small-business workshop just for female vets that travels the country. The SBA’s Veterans Business Outreach Centers and district offices can also provide guidance.
Consider a franchise: Many franchise brands offer special discounts, incentives or training to franchisees who are military veterans. VetFran, a branch of the International Franchise Association trade group, includes more than 580 franchises that offer such perks, and its website lets you search for the companies by business type.
Find financing: The SBA’s Patriot Express Loan program is designed for vets and people connected to the military. Starting this year, SBA also has begun discounting and waiving loan fees for vets. Outside of the federal government, vets can turn to the nonprofit Veterans Business Fund and the crowd-funding website RepayVets.com.
Patronize other vet businesses: The Veterans Affairs Department has a searchable database of registered vet businesses at www.vetbiz.gov. The site also offers detailed instructions on how owners can register their businesses with the VA as vet-owned, which adds a company to the database and grants priority for federal contracts.
While you’re checking out your post-transition options, visit the USBA Military Jobs Center online powered by Orion International. The job placement services and white papers are 100% free. Over 25,000 veterans have found civilian careers thanks to Orion.
Vacation deals and discounts for military families
Looking for ways to take a fun summer vacation and stay within your family’s military budget? Check out these deals for U.S. military personnel and their families.
Disney salutes active and retired U.S. military families by offering 3-Day Disneyland Resort Park Hopper tickets for just $129 each. Tickets may be used through September 27, 2014. (Blackout dates apply.)
The Blue Star Museums program gives military families the chance to learn about our country’s cultural heritage while on vacation…or learn about their new communities after making a military move. Over 2,000 local and national museums across America offer free admission to our nation’s service members and their families. Free admission runs from Memorial Day through Labor Day 2014. See a state-by-state list of participating museums.
Book your family’s stay through the Armed Forces Vacation Club and get access to accommodations at over 4,000 resorts, apartments, condominiums and homes in more than 100 countries. Choose from off-season "space available" rentals at the set price of just $349 USD per week…get discounted rates on high-demand locations during peak season…find short stay options and other money-saving vacation deals. Free club membership is open to all active and retired members of the Armed Forces, Department of Defense employees, and select civilian employees in military support roles.
Before you go anywhere, join USBA’s Emergency Assistance Plus (EA+) program. EA+provides you and your family with 24-hour emergency travel assistance and more than 20 additional travel benefits. USBA members receive a special rate. Sign up now for a Risk-Free 30-Day Trial.
Do you know when your SGLI ends?
Because your SGLI ends 120 days after you separate from the military service, now is a good time to think about how you’ll replace it. Even if you’re not transitioning right away, it’s smart to know what’s available and why it’s important to have enough life insurance coverage. USBA is here to help make sure there’s no gap in your family’s financial protection as you move from military to civilian life.
Use this Life Insurance Needs Estimator to figure how much insurance you need. USBA offers coverage of $25,000 to $500,000 with tobacco and non-tobacco use rates. Anyone actively serving in or honorably discharged from the Army, Navy, Air Force, Marines, and Coast Guard or Reserves may be eligible to apply.
Check out the affordable Term Life and Whole Life Insurance plans available from USBA. You have several choices of insurance options to fit your personal needs. Our life insurance policies are underwritten by New York Life Insurance Company, one of the country’s oldest and most stable life insurance companies that has protected American families for generations. You can even get a free rate quote online.
When you’re ready, you can (1) apply online, (2) request a free, no-obligation Info Packet online, or (3) call 1-877-297-9235 (8:00 a.m. to 4:30 p.m. Central, Monday-Friday) to talk with a USBA life insurance product specialist. We stand ready to serve you and your family.