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StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

Topics

Why The Military Is The Best Entrepreneurship Training Program In America

By Mark L. Rockefeller, Co-Founder & CEO on January 17, 2018

 

This story was originally posted in Forbes on August 3, 2016.

One organization has produced more business owners than any other single institution in the nation.

It has a proven track record of teaching leadership, strategic planning, creative problem-solving, task execution, and resiliency—all traits essential to business ownership. It is not a fancy MBA or university program.

The organization is the United States military.

For many years, military veterans have become entrepreneurs at a much higher rate than non-veterans. Indeed, a shocking 49% of World War II veterans went on to own or operate their own businesses, according to a study from Syracuse University.

In the modern era, an exciting veterans’ entrepreneurship movement is once again spreading across America. These so-called “vetrepreneurs” are thriving. They have their own accelerators and incubators, their own venture capitalists, their own support organizations and coaches, and even their own Shark Tank stars (shout out to Navy SEAL-led Bottle Breacher and Army Ranger-led Combat Flip Flops).

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Tips from a CFO: Get to Know Your Cash Flow and Receivables Turnover Ratio

By StreetShares on January 16, 2018

Watch your receivables turnover ratio to keep your business healthy

This post is a guest submission from Manuel “Manny” Cosme, President and CEO of CFO Services Group, which provides accounting solutions for small and growing businesses. 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.

Do you know when your next client or customer payment is coming in? Is it likely to arrive on time? If you can’t answer these simple questions, you may have cash flow troubles brewing – and no early warning system in place.

As a small business owner, you know the pain of waiting on a check that’s “in the mail.” Unpredictable cash inflow and outflow can create chaos and stress. (Not to mention panic on payroll day.) We encourage business owners to get a handle on your receivables turnover ratio as soon as possible, and to check it regularly. Understanding and managing your cash flow can help avoid ugly surprises and help you know when to ask for a small business loan or line of credit in advance.

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The StreetShares Foundation Awards $10,000 to Veteran Entrepreneurs

By StreetShares on December 21, 2017

For Veterans Day, the StreetShares Foundation recognized 11 veteran-owned small businesses as the finalists in the Veteran Small Business Awards. Today we are proud to announce the winners! We are delighted to give these veteran small business owners the recognition they deserve. These winners and veteran small business owners have a common business mission – to serve as leaders in their community through entrepreneurship, while honoring and recognizing their fellow veterans. Without further ado, we are proud to announce this month’s winners:

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Highlighting Our Heroes: Alpha Coffee

By Thomas Moody on November 13, 2017

Meet Carl and Lori Churchill of Alpha Coffee.

Carl served in the US Army for 21 years, starting as a 17 year-old private and retiring as a Lieutenant Colonel. He is a Desert Storm combat veteran with multiple deployments to the Middle East, Africa, Central America, the Balkans and Asia.

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Attention Small Contractors: How to Entice a Large Contractor to Join Your Bid Team

By Steve Delahunty on November 8, 2017


This post is a guest submission from Steve Delahunty, Chief Executive at 
Arcetyp LLC. 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.

Have a great bid opportunity and want some big contractor guns to ensure the win?  This can be a challenge.  That big contractor you want to work with is established...  you are not.  They are well-known...  you are not.  But you know you can win if you can just get that big contractor onboard for that bid...  

You can guess the challenge here: large contractors are often wary of joining forces with small ones let alone even subcontracting to small ones that they do not know well.

So, not surprisingly, large contractors have a usual set of questions they want answered to their own leadership in order to engage a small contractor as a possible prime.

These requirements encompass elements such as the agreement's content, access and transparency to pricing, sign-off on the final proposal, and other areas.  You need to be ready to address these.  

How do you get ahead of the game?  Easy.  Just read the rest of the post.  Know the proactive measures you can take to handle the above areas and the general concerns over how risky you may be perceived as a small contractor prime.

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Highlighting Our Heroes: Building Momentum

By Thomas Moody on November 8, 2017

Meet Brad Halsey.

Brad is a Navy veteran and the CEO & Founder of Building Momentum. Building Momentum provides world-class professional technology education through challenge-driven emerging technology instruction (think robots, 3D printing, and drones). Using StreetShares contract financing, Brad was able to buy the equipment he needed to provide Marine Corps units with technical training in real-world scenarios.

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Veteran Owned Small Business Award Finalists

By Thomas Moody on November 7, 2017

The Veteran Small Business Award continues! We have 12 great veteran business owners with very unique companies. Take a quick peak at the finalists below and remember to cast your vote on the StreetShares Foundation voting page. Vote now and help three veteran business owners get grant funding.

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Starting Out in the Government Contracting Market

By Rabiah Sutton on October 18, 2017

This post is a guest submission from Rabiah Sutton from FWDthinkThe 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.

When your company is new to government contracting, it’s hard to know where to begin. It’s tempting to start by targeting an agency you’ve heard about in the news, from a friend or family member, or even a client you’ve done work with in the past.

While it’s important to document which agencies could be possible targets because you have inroads there, it’s usually a mistake to start there or worse create a strategy around those inroads. Instead, ponder the following three questions:

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Take the Road Less Traveled: 8 Awesome Reasons to Start Alternative Investing Today

You know that saving for retirement, education, and life’s big moments is more important than ever. If you’re considering making alternative investments a part of your savings plan, here are 8 great reasons you should get started today.

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"I Want To Show The World That Entrepreneurs Like Me Can Exist"

This story was originally posted in Forbes on September 27, 2017.

Meet Andy Williams.

He's a Marine Corps veteran who owns a sizable chunk of the real estate rental market in the same Texas town where he once picked up cans on the side of the road to make money.

His path to prosperity has been hard-fought and incremental: he has launched multiple successful companies, closed over $250,000,000 of real estate finance transactions, personally invested in over 100 real estate deals, and is currently hosting a TV show for HGTV, Flip or Flop Fort Worth.

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