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Veterans Build New Lives Through Entrepreneurship

Posted by on May 31, 2014 in Biz Ops

Entrepreneurship

It’s been said..”Entrepreneurship is living a few years of your life like most people won’t, so

that you can spend the rest of your life like most people can’t.”

A recent study referred to the fact that 8 out of 10 people have a desire to be in

business for themselves. Another study estimated that a half-billion people a year

worldwide try to create a new business.

But as Nolan Bushnell so aptly stated, “The critical ingredient is getting off your butt

and doing something. It’s as simple as that. A lot of people have ideas, but there are

 few who decide to do something about them now. Not tomorrow. Not next week. But

today. The true entrepreneur is a doer, not a dreamer.”

 

Being an entrepreneur can be challenging. As one entrepreneur commented, “You get sand

kicked in your face all the time – and worse. And sometimes it takes an undying love and

passion to keep going. There will be days when you will be discouraged and wish you had

opted for the security of a regular job.” But all of these issues are more than offset by the

success of your business.

 

Whether it is having your own independence, being your own boss while having more control

over your own destiny, or realizing your dream – it is clearly the aspiration for many.

 

The question then becomes, “What kind of business do you start?”

For some, you may have the next brilliant idea already in mind – and I encourage you to go

for it…However, for most, they are looking for a proven opportunity.

In starting your own business, you essentially only have three options:

 

1. Buy an existing business.

 

2. Start a business from scratch.

 

3. Buy into a franchise or license arrangement.

 

Some experts suggest buying an existing business; It is already successful and

 has existing clientele. However, most sellers want cash, or at least a substantial amount down

based on the “full” price of an established existing business.

 

Starting a business from scratch is typically the least costly, as you are just

 paying for the infrastructure (such as equipment), but not the client base and

 goodwill (typically the expensive part of the business). But the risks of starting

 your own business from scratch are clearly greater than buying an existing business.

 

The franchising or licensing option fits in between. You have the advantage of the parent

company’s experience and expertise with the underlying systems and processes already

established for you, making it easier to avoid a lot of the missteps that typically tend to ‘dog’ a start-up business.

 

We feel the license opportunity you have are the best features of all three options.

NO GUARANTEES

Obviously no one can promise you such, but if you adhere to the steps a franchiser or licensing

company have lined out – you should have the elements to succeed, but it will be up to you. As

a Licensee, if you are not meeting these minimum expectations, then something is amiss and

you need to talk to the license issuer or one of a consultants. The problem lies either with them or you – it is no more complicated than that.

Income and business opportunities are available for veterans, reservist, and military spouses at

Veterans Small Business Association.

 

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Rallie Rallis

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