<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=211695515988922&amp;ev=PageView&amp;noscript=1">
StreetShares Blog - The Resource Center for Veteran Small Businesses

StreetShares Blog

The Resource Center for Veteran Small Businesses

Topics

5 Things All Vet-Owned Small Businesses Need to Know about the New Tax Laws

By StreetShares on February 15, 2018
How will the latest tax bill affect your veteran-owned small business?

There's a lot of confusion and concern about how much, how little or if any money at all will be saved by the new tax laws. Here's a quick look at five things you need to know about the new tax bill for your vet-owned small business. We're not tax or financial advisors so this is just for your information and is not meant to be professional financial advice. However, this informative article can be a great conversation starter over coffee with your accountant or lawyer.

Read More

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

By StreetShares on February 14, 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, >"/>

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. 

Read More

5 Small Business Trends for Vet-owned Businesses

By StreetShares on February 13, 2018

As your veteran-owned small business enters into a new calendar year, you should be aware of some of the trends on the rise for small businesses in 2018. Rethinking your business strategies and examining current trends are great ways to refresh your business outlook, reestablish your goals, and ultimately make your small business even more successful. Here are three of five small business trends to get your started. To get the other two, which include marketing strategies and company culture, download the ebook now

Read More

7 Things to Know About the Military’s New Blended Retirement System (BRS)

By StreetShares on February 12, 2018

A huge change has happened for many of our nation’s service members in the form of a new retirement system. The military has begun implementation of the Blended Retirement System, affecting not only military members who will begin their careers in 2018, but also those who currently serve. Why the change? As it stands, only 19 percent of active duty members and 14 percent of reserve members will actually hit the 20-year service mark required to receive retirement benefits from the military – about 1/6 of its population, according to the DoD.

Click here to download our guide to military retirement: Blended Retirement  System

The Department of Defense has rolled out the Blended Retirement System to serve the remaining 80 percent of service members currently left out in the cold. The goal is to offer a retirement system that aligns more closely with a civilian 401(k) plan, as well as to offer benefits for those who serve their country in uniform but not for a full 20-year career. While this new system is designed to save the government money, many benefits are available for military members who understand the new system and want to build their savings for retirement as a veteran who may be seeking to open a small business or become a government contractor with a certification as a veteran-owned smalll business. 

Below are some highlights to help you understand the alterations that will result from the implementation, as well as dig in to better define the significance of these changes. None of this is financial advice. It's just meant to be informative.

Read More

5 Inspiring TED Talks for Your Veteran-owned Small Business

By StreetShares on February 9, 2018

Whether you’re a thriving veteran small business owner looking for some inspiration to get you through the day, or a fresh-off-the-press entrepreneur seeking a little sage advice, here are 5 TED talks we believe will inspire you to dream bigger, work harder and never give up:

1. Simon Sinek: How Great Leaders Inspire Action


“People don’t buy what you do, but why you do it.”

Read More

Best Small Business Accounting & Finance Software for VOSBs without a CFO

In business, cash is king. From your own financial independence, to your investors if you have them, to your top and bottom lines, everything pretty much begins and ends with money. Small businesses and veteran-owned small businesses are no different, regardless of scale. Your business might not have an official Chief Financial Officer, but “CFO” is just a title. The functions they typically perform are essential to the core of every business, so someone is getting this job done, and it might just be you. 

So put on your CFO hat and check out these tools that can help your small business finance functions:

Read More

Veteran-Owned Small Business (VOSB) Verification Shifts from VA to SBA

Currently, it takes 73 days to process an application for a business owner wanting to be certified as a Veteran-Owned Small Business (VOSB) and there is a backlog of 706 applications, according to a town hall at the Office of Small & Disadvantaged Business Utilization. These are two of many reasons why the Department of Veterans Affairs (VA) has recently proposed two changes regarding the verification and programs for Veteran-owned Small Businesses. Knowing how to get verified will help you when working with a factoring company when you're ready for invoice factoring.

Read More

5 Books Every Veteran Small Business Owner Should Read

By StreetShares on February 1, 2018

 

Veteran business owners and military spouse business owners need mentors who can give them great advice. Thankfully, books can be those mentors that help drive their mission forward. Here are five we heartily recommend:

1) Rise: The Veteran’s Field Manual for Staring Your Own Business & Conquering the Online Economy by Wes O’Donnell

What it’s about: 
Military veteran and entrepreneur Wes O’Donnell provides step by step instructions for veterans looking to start their own business. The book is full of tips and detailed, real world examples—and an awesome appendix filled with veteran-specific business resources.

Why we love it: 
We believe veterans make natural entrepreneurs and are an invaluable asset to any business. We love O’Donnell’s honesty as he shares events from his experience—including embarrassing mistakes he made in his own business.

Best quote: 
“Being an entrepreneur is like jumping out of an airplane and assembling your parachute on the way down.”

Read More

7 Things Government Contractors Should Beware of if the Government Shuts Down Again

The three-day shutdown has come to an end. However, the Senate has only reached a compromise to fund the government until February 8. What will happen after that? Will small business government contractors have to anticipate another shutdown? Even though this shutdown only lasted three days, let’s take a look at a few things you should know and remember from the 17-day 2013 shutdown that may affect you during another potential government shutdown.1 

Read More

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).

Read More