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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

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Legacy vs. Blended Retirement System (BRS): How Your Pension is Calculated
| StreetShares Blog

By Virginia Newell on December 11, 2018

A quick Google search on the subject of retirement readiness quickly resulted in an overarching feeling that Americans have rapidly been falling behind. For instance, one-third of Americans currently have no retirement savings, according to a recent GoBankingRates survey. So what about you? Will you have enough saved in retirement? Will your retirement be sustainable?

For military members, ‘retirement’ has taken on a whole new set of complications with the updated pension system the government is rolling out in 2018. We’ve provided a guide and outlined the general implications of this Blended Retirement System (BRS), such as whom it affects and when the changes will begin to be implemented; however, there are deeper weeds to dig into about how specifically this new BRS plan will truly affect military members’ retirement from a “numbers” perspective.

Let’s look at how the military’s pension plans, old and new, work and how to think about building your savings for retirement.

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Who Is Allowed to Check Your Credit Reports?
| StreetShares Blog

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

Accessing your credit information is easier now than it has been at any other point in history. Thanks to the Fair and Accurate Credit Transactions Act, an amendment to the Fair Credit Reporting Act (FCRA), you even have the right to view a free copy of all 3 of your credit reports every 12 months. To claim your free reports from Equifax, TransUnion, and Experian simply visit AnnualCreditReport.com. Depending upon your state of residence you may have access to additional free copies of your 3 credit reports each year as well.

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8 Social Media Marketing Strategies to Foster Your Veteran-owned Small Business 
| StreetShares Blog

By StreetShares on December 5, 2018

Even for veteran small business owners who are accustomed to multi-tasking and problem-solving, the entrepreneurial quagmire is still a reality. Entrepreneurs don't want to stop creating products and enhancing their services in order to spend time marketing. Running a business is a juggling act that requires developing the product or service, attending to administrative demands, and managing professional relationships. So where does that leave time to trumpet the company value propositions with a social media marketing strategy?   

In order for a business to stay vibrant in today's economy, it’s necessary to establish your brand, create brand awareness and get the word out. Even if your business is brick and mortar, it’s even more important to stay relevant and promote your business online.

Learn more marketing trends in the ebook, "5 Small Business Trends for  Vet-owned Businesses." Download now >>

The idea of utilizing social media to promote your business might seem tedious but think of it this way: online presence isn't just shameless promotion. If approached correctly, it's an opportunity to connect with your customers, other servicemembers, veterans and veteran business owners and to start smart and helpful conversations. Here's a basic social media strategy that will boost your company visibility without investing a ton of time or money. 

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6 Characteristics of a Responsible Business Lender
| StreetShares Blog

By StreetShares on December 4, 2018

Responsible lending is a term that can get thrown around in the lending industry—it sounds great and certainly makes financial institutions look good when they use it... But practically speaking, what does it mean? And more importantly, how does it affect you as a business owner?

It matters a lot, actually. If you’re looking for business funding to grow your veteran business, you want to work with lenders who will set you up for success. It’s in your best interest to work with a lender who practices responsible credit reporting, has an alignment of interests and provides you with the right-sized funding so you won’t default on a loan.

If your lender claims to practice responsible lending, here are the top six characteristics you should expect to see in them:

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Cloud Servers Vs Onsite Servers: Which Is Right for Your Business?
| StreetShares Blog

By Mike Jennings, President of BEI on November 30, 2018

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

The digital universe gets more crowded and complicated every day. Many business leaders struggle with knowing what tech to embrace and what tech to move beyond.

Emerging cloud environments options look promising, no doubt about it. But keeping everything in-house means retaining a higher level of control. Like so many things in business, there are benefits and drawbacks to consider for both options.

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4 Secrets to Become a Successful Veteran Government Contractor
| StreetShares Blog

The U.S. Government constantly adjusts and grows as new needs arise with changes in technology and resources. As the nation's largest consumer, the government needs an army of contractors to support its massive consumption requirements. As a result, the benefits available through government contracts are abounding. Veteran contractors are perfect candidates to fill this growing landscape because of your previous employment by the government. You’ve also learned lessons, acquired tools, and made contacts from your military experience that could be valuable in the government contracting space.

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Ways to Save on Veteran Small Business Taxes: Deductions & Credits
| StreetShares Blog

By StreetShares on November 27, 2018

Did you know that if you went “green”, hired a veteran, or started a company last year you might be eligible for three important but little known tax deductions?

Small tax deductions and credits take a little extra work, but your savings can really add up. Every dollar counts when it comes to running a veteran small business. We’ve compiled some resources of available credits and deductions your business may qualify for:

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IT Isn't Just For Tech Companies: How to Make Your Business' IT More Reliable
| StreetShares Blog

By Ellen W. Jennings, CEO of BEI on November 26, 2018

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

There’s a sense in which “every business is a technology business.” After all, IT is central to the operations of every company, large or small. In fact, research and advisory firm Gartner estimates that global IT spending reached a total of $3.5 trillion in 2017.

In order to better serve your customers and beat your rivals, you need to make sure your business technologies are as correct and reliable as possible. Whether you’re a multinational firm or a mom-and-pop store with a website, being able to deliver a consistent, predictable, reliable IT experience is crucial.

This article will go over 4 of the most important strategic methodologies for network upkeep, support, and stability.

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Your Vote Determines the Winner of the Veteran Small Business Award
| StreetShares Blog

By Aubrey Shwedick on November 20, 2018

The finalists of this cycle of the Veteran Small Business Award, presented by the StreetShares Foundation and Sam Adams Brewing the American Dream, have been announced! Your vote determines which of these businesses will win a total of $25,000 in small business grant money. Learn more about the finalists under the cut, or click here to vote now! Voting ends at midnight Eastern on 11/24/2018.

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How to Protect Your Company From Phishing Scams
| StreetShares Blog

By Katherine Deming, BEI Account Executive on November 19, 2018

The views and opinions expressed in this article are those of the author and do not necessarily reflect the official opinions, policies, or positions of StreetShares or any of its affiliates.

The invention of the internet paired with email revolutionized business communications. Emails are commonplace in business operations. While email makes business communications easier, it also makes communication less personal.

As a result, it’s easier to fall victim to some email scams, and the results could severely damage your business.

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