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Military to Civilian Transition: From Service Member to Business Owner

Thursday, July 12, 2007

Nobody doubts the influence of Fortune 500 companies on the U.S. economy, but according to many experts, it's still American small businesses that are the heart and soul of our country's success. For service members, that's a no-brainer. They understand that you need to have the best generals and admirals around, but if lance corporals, seamen and privates don't get the job done --you can forget about victory.

Today, many service members are looking to make their military to civilian transition right to the heart of the U.S. economy as small business owners. While still on active-duty, they are taking military distance learning courses in small business management that introduce them to the skills they'll need to run a successful company. Each branch of the service has a military tuition assistance program, which provides up to 100% military tuition assistance for online courses taken from an accredited distance education school.

One important resource to assist these future C.E.O.s is The Veterans Corporation, which is a U.S. government organization created to foster business opportunities for veterans and service-disabled veterans. They help vets get access to business loans, bonding and small business education. And it's a good idea for service members to familiarize themselves with The Veterans Corporation they're still planning their military to civilian transition.

One place to get started on a military career transition from service member to small business owner is on the "Knowing Your Market" portion of The Veterans Corporation website. Information on the site makes it clear that a good idea for a new business is just the beginning; a successful small business owner must know who and where his customers are, what his competitors are up to, and perhaps most importantly, how to exploit a portion of the market the "big guys" have overlooked. The Veterans Corporation website goes into great detail about these, and other important issues, that a small business owner must master before he sets up shop.

The Veterans Corporation website is a great resource for service members taking military distance learning courses in small business management. A free membership to The Veterans Corporation is available only to active duty and honorably discharged veterans and their immediate family members.

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