Per the U.S. Small Business Administration (SBA), there are 23 million small businesses in the United States, and veterans own approximately four million. Small businesses employ more than 50 percent of the private work force and generate more than half of the nation’s gross domestic product.
SBA is a vital link in your efforts to start your own business. SBA provides
assistance, valuable information, relevant publications, training, counseling, and
workshops. SBA contact information is available through the transition website.
To ensure veterans receive the help and attention they deserve, the SBA established the
Office of Veterans Affairs with field offices located in all 50 states, the Commonwealth
of Puerto Rico, the District of Columbia, the U.S. Virgin Islands and Guam. Each
office has a Veterans Business Development Specialist dedicated to help guide you
through the process and to advise on lending programs.
Starting and managing a business takes motivation, desire, talent and financial
equipment. It also takes research and planning. To increase your chances for
success, you must first explore and evaluate your business and personal goals and
build a comprehensive and well-thought-out business plan that will help you reach
You must also determine the best business course to take, i.e. start your own new
business, buy an existing business or become a franchisee by purchasing a franchise
outlet. Research and plan on what is best for you!