Bookmark this page on your mobile

QR Code image

What is this?

Daily Court Reporter - News 'Boots to Business' program makes business leaders out of military veterans

 

'Boots to Business' program makes business leaders out of military veterans

KEITH ARNOLD, Daily Reporter Staff Writer

The numbers make the best case for this generation warriors-turned-entrepreneurs.

According to the U.S. Small Business Administration, veteran-owned small businesses typically generate more than $1 trillion in sales annually.

It's no wonder, then, that the administration supported the lending of nearly $800 million in funding to more than 2,300 veteran-operated businesses in 2014 alone, according to the organization's most recently published data.

The SBA, in coordination with Department of Defense's Transition Assistance Program, began its Boots to Business Program, an entrepreneurial education and training program offered as a training track within the transition program.

The curriculum was devised to provide valuable assistance to transitioning service members and their spouses who are exploring business ownership or other self-employment opportunities.

The three-part program leads veterans through the key steps for evaluating business concepts and providing the foundational knowledge required to develop a business plan, program marketing materials detailed.

Additionally, participants are introduced to SBA resources available to help access start-up capital and additional technical assistance.

Transitioning veterans, first, are introduced to the program via the Entrepreneurship Track Overview, an informational video shown during the core transition course to introduce entrepreneurship as a post-service career option.

Next, the program engages interested veterans and spouses in a two-day Introduction to Entrepreneurship course. Subject matter experts and practitioners from SBA and its network of partners teach the course at over 165 military installations worldwide with participants learning business fundamentals and techniques for evaluating the feasibility of their business concepts.

Participants who have completed the introductory coursework, finally, can elect to further their study through an instructor-guided eight-week online course taught by professors from a consortium of accredited universities led by the Institute for Veterans and Military Families at Syracuse University, according to the program description.

The Foundations of Entrepreneurship Course requires 10 hours per week to connected and independent study with participants working through the fundamentals of developing an actionable business plan.

Upon completing Boots to Business, participating vets and spouses should be equipped with the tools and knowledge necessary to identify a business opportunity, draft a business plan, and launch their enterprise, the SBA noted.

Beyond Boots to Business, the administration's network of partners offers further training and technical assistance to more than 100,000 veterans every year in all areas of business ownership with an emphasis on access to capital and federal contracting opportunities.

Date Published: November 23, 2017

 

Copyright © 2017 The Daily Reporter - All Rights Reserved

 

Big Four partnering with University of Dayton for internship opportunities

Big Four accounting firm EY is partnering with the University of Dayton to prepare students for the corporate world and provide them internship opportunities.

Dayton men’s basketball return home to host Akron

Looking to get back on track, the University of Dayton Flyers host the Akron Zips on Saturday, Nov. 25 at 7 p.m. ET.

Fiona’s Feelings book for babies in Cincinnati stores

Baby hippo Fiona’s face is all over a new board book, Fiona’s Feelings, by Blue Manatee Press owner and pediatrician Dr. John Hutton. Photographs of Fiona included in the book show her “expressing” various feelings, such as “happy,” “sad” and “scared.”.

"Send Them Home Saturday" pet adoption event - November 25th

The Montgomery County Animal Resource Center (ARC) is holding its annual ‘Send Them Home Saturday’ pet adoption event on November 25th. In addition, Lucky’s Taproom & Eatery, located at 502 East 5th Street in Dayton, is generously sponsoring this event!

Sinclair Bookstore: After Thanksgiving appreciation sale

Stop by the Bookstore November 27 - December 1 for savings!

Sinclair announces FlexPace online program for students

SinclairOnline announces that the academic program known as Accelerate is changing its name to better reflect the flexibility possible to complete a credential at a pace that fits a student’s lifestyle. The new name is FlexPace.

Wright State University Boonshoft School of Medicine offers training for treatment of opioid addiction

Licensed physicians, certified nurse practitioners and physician assistants who want to prescribe buprenorphine for office-based treatment of opioid use disorder can attend free waiver training Dec. 19-20 at the Wright State University Boonshoft School of Medicine.

WSU’s Raiderthon raises $45,695.21 for Dayton Children’s Hospital

Wright State University students raised $45,695.21 for Dayton Children’s Hospital during Raiderthon, Wright State’s fifth annual dance marathon, in the Student Union Apollo Room.

Fifth annual Raiderthon raising funds for Dayton Children’s Hospital

Wright State students can let loose, dance for hours, have fun, make new friends and watch great entertainment, all for a good cause.

Montgomery County to increase water and sewer rates beginning 2018

On Jan. 1, 2018, Montgomery County Environmental Services will initiate an approximate 14% combined rate increase for average residential water and sewer bills in Montgomery County, Ohio. An average Montgomery County residential customer pays about $170 per quarter for water and sewer service, and the rate increase will add about $24 to their quarterly bill in 2018.

Two healthy manatees return to Florida and three arrive in Cincinnati for rehab

Last month, popular manatees Betsy and BamBam left the Cincinnati Zoo & Botanical Garden to return to Florida waters. This is good news for the species but bittersweet for divers, care team members and visitors who have become attached to the charismatic animals, especially long-time resident Betsy.

UD football closes out 2017 season at Valparaiso

The University of Dayton, 5-5 overall and 4-3 in the Pioneer Football League, plays its final regular season game of 2017 Saturday at Valparaiso. The Crusaders are also 5-5 and 4-3.

Special report provides guidance to local governments on detecting, deterring thefts of citizen payments

Thieving public employees who capitalize on lax oversight have pocketed millions of dollars from transactions with citizens over past decade, according to a special report released recently by Auditor of State Dave Yost.

Bill would end practice of suspending driving privileges for non-driving offenses

A bipartisan lawmaker duo seeks to upend Ohio courts' practice of suspending an offender's driving privileges in instances in which the offense is unrelated to driving or using the vehicle in a criminal manner.

Gym tax-break plan favors non-profits, shrinks tax base, opponents say

House lawmakers seated on the Ways and Means Committee recently heard concerns of individuals who say a plan to make tax exempt gym memberships at facilities operated by charitable, non-profit groups will harm business at for-profit gyms and local governments' bottom lines.

Supreme Court of Ohio heard oral arguments last week, including whether a guardian can be appointed for an adult without notice

The Ohio Supreme Court heard three oral arguments Tuesday, November 21st, including a one made by a woman contesting the appointment of a guardian ad-litem for her right before her divorce proceedings went to trial.

Former postal supervisor from Akron sentenced to three years in prison for stealing a kilo of methamphetamine out of the mail

Two former U.S. Postal employees were sentenced to prison for stealing packages containing marijuana from the U.S. mail and then selling the drugs, said U.S. Attorney Justin E. Herdman.

House bill clarifies point at which speed limits become enforceable

Ohio motorists who wonder exactly when a posted speed limit change becomes effective may have a more concrete answer if a House bill clears both houses of the Ohio Legislature and makes it to Gov. John Kasich's desk.

Ohio's mineral resources valued at more than $1.6 billion in 2016

Ohio’s mineral resources produced more than $1.6 billion worth of geologic commodities in 2016, according to a newly released report from the Ohio Department of Natural Resources (ODNR). The total value of all nonfuel industrial minerals exceeded $1 billion for the third straight year.

Despite health care costs, workforce issues, Ohio business leaders optimistic

The cost of health care keeps some business leaders in central Ohio up at night.