For the Veteran

Various information for Veterans different government programs available to assist Veterans in starting a business. Veterans benefits programs. This is not a political blog but we will speak our minds about current treatment of Veterans returning from the Gulf.

Saturday, March 25, 2006

Excellent article on veteran starups

When I’m not running my own business, writing articles about business, speaking to groups and organizations about business, or consulting with companies who want my advice about the running of their business, I teach a weekly class on the subject of (care to guess?) starting and running a business.
To quote my frequently-mentioned and wise-beyond-her-years teenage daughter, Chelsea, “Dad, you really need to get a life.” This advice coming from a child who believes all roads lead to the mall.

What my eldest offspring doesn’t understand is I have a great life. In fact, I am living the life I have always dreamed of living. My life just happens to revolve around Planet Business. I am an entrepreneurial addict, a business junkie. Business is my chocolate, my Krispy Kreme donut, my nicotine, my caffeine, my crack. Maybe I’ll start a 12 step program for entrepreneurs who want to kick the habit and charge a cover to get in. Hi, my name is Tim, and I’m an entrepreneur... Sounds like a great business idea to me.
Out of everything I do I get the most enjoyment from speaking and teaching. Maybe it’s the old stand up comedian in me, but nothing feeds my addiction like standing in front of a room of entrepreneurs talking about the ups and downs, the ins and outs, the do’s and don’ts of business.

My latest class of eager entrepreneurs is a special one in that it is made up almost entirely of U.S. Military Veterans: nearly two dozen men and women of all ages who either have a business idea in mind or are in the process of actually starting and running a business.
Going around the room, I asked each student to stand up, introduce themselves, and talk a little about their business idea and what they expect to get from the class. As I listened to each Vet speak, I was impressed at the passion the entire group exuded. Most new entrepreneurs love to talk about their business idea, but this group was somehow different. They were more precise in their thinking, more intense, more passionate than the average entrepreneur. This group was not only excited at the prospect of starting their own business. They were downright zealous about it.
As each Vet stood to talk about their idea and their expectations, the rest of the group hung on every word and was truly interested in what was being said. The typical entrepreneur is only interested in his own venture and has a hard time feigning interest in anyone else’s. That was not the case here. Each Vet not only listened intently, but empathized with the speaker, as if they were taking a vested interest in the speaker’s idea and were eager to help the speaker succeed. It was as if the group who had never met before, had come together as a single cohesive unit with one mission in mind: to succeed in business.
The theme became: No man (or woman) left behind, in battle and in business.
I supposed I should not have been too surprised. These were, after all, highly-trained, highly-disciplined individuals who have spent time in every corner of the globe in conditions most of us can only imagine. One young entrepreneur in particular was so freshly back from the Middle East that you could almost imagine sand on the floor beneath his boots.
They are an impressive group, indeed, and it is my privilege to serve as their leader for the next six weeks. I am learning far more from them about the human spirit than they are learning from me about business. I hope they see it as a fair trade.
Veteran entrepreneurs are emerging as one of the fastest growing segments of new entrepreneurs. According to a recent Small Business Administration (SBA) study there are approximately 4.2 to 5.5 million veteran-owned businesses in the United States. The study further revealed that 22% of veterans are either considering starting or purchasing a business in the near future or are in the business start up or purchase phase now.
The SBA study was done as a result of The Veterans Entrepreneurship and Small Business Development Act of 1999, which required the SBA’s Office of Advocacy to develop information on the various programs designed to assist veteran and service-disabled veterans succeed in business.
The SBA study found that:
More than one-third of “new veteran-entrepreneurs” and current veteran business owners had obtained skills from their active duty service that were directly relevant to business ownership. This should come as no surprise when you consider the intensity of the training and the emphasis on discipline that comes with military training.
Over the course of their career the typical longer-term Veteran receives at least cursory training in everything from time management to employee relations to supervisory techniques to dealing with subordinates (employees) to budgeting and accounting to supply chain management and so on and so on.
One organization that is working hard to promote entrepreneurship among Veterans is the Veteran’s Corporation. Headquartered in Alexandria, Virginia, the Veteran’s Corporation bills itself as “the complete business source for current and prospective Veterans and Service-Disabled Veteran business owners, and for companies interested in working with Veteran-owned businesses.” The Veterans Corporation is a 501(c)(3) non-profit corporation that was created in 1999 by Public Law 106-50, which also set a 3 percent goal for federal procurement to Veterans including Service Disabled Veteran-owned businesses.
The Veterans Corporation serves transitioning military personnel and all Veterans of the U.S. Armed Forces, National Guard and Reserve, seeking to link them with partners and purchasing agents in both the public and private sectors.
Membership to the Veterans Corporation is free and available to all transitioning military personnel and all Veterans of the U.S. Armed Forces, National Guard and Reserve. Members will find assistance in securing capital for a business, entrepreneurial education, access to markets and services, and business networking.
For more information or to apply for membership visit the Veterans Corporation online at
Here's to your success!
Tim Knox
Small Business Q&A is written by veteran entrepreneur and syndicated columnist, Tim Knox. Tim serves as the president and CEO of three successful technology companies and is the founder of, an online organization dedicated to the success of online and eBay entrepreneurs.
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VA Home loan program

The federal government offers many benefits to men and women who serve their country. One of those benefits is the VA home loan program. The VA home loan can be used to purchase a new home or refinance an existing one and is available to all honorably discharged veterans and active duty military. The Department of Veterans Affairs (VA) does not actually lend out money but they guarantee or insure the funds that are loaned to you by a VA approved financial institution. You can go to any bank or mortgage company that participates in the VA loan program to apply.

The VA home loan offers several advantages over a conventional home loan. One of the most significant benefits is that VA loans do not require a down-payment. As of January 1st, 2006 you can buy a home for up to $417,000 with no down-payment. While there are some conventional no down-payment home loan programs on the market, you will have to pay a higher interest rate for the privilege. Not so with a VA loan. You pay the same market rate whether you are making a 10% down-payment or $0 down-payment. In addition, you will find that in most cases the VA interest rate is comparable with or even lower than conventional loan rates.

Another great benefit of the VA home loan program involves the loan closing cost. While VA does not require the veteran to make a down-payment, there are still loan closing cost as with any home loan program that the borrower incurs. Closing cost usually average 3-5% of the loan amount. VA, however allows the seller to pay all of your loan closing cost up to 6% of the loan amount. Compare this to a 3% maximum seller contribution for most conventional loans. So with a VA home loan it is possible for a veteran to buy a home for up to $417,000 with no down-payment and without having to pay any closing cost. Talk about using the power of other people's money to increase your net worth!
VA home loan participants also enjoy the luxury of not having to pay mortgage insurance. In contrast, with a standard conventional loan you will have to pay mortgage insurance if you put down less than 20% as a down-payment. Mortgage insurance can add a significant amount to your monthly payment so not having to pay this is really a plus to borrowers who use their VA loan benefit.

The Department of Veterans Affairs does charge a "VA funding fee" to all non-exempt users of the va home loan program. The VA funding fee is currently 2.15% of the loan amount for first time VA loan users and 3.3% for subsequent users who do not make a down-payment. This fee is added to the loan amount so the veteran borrower does not have to pay it out of pocket at closing. If you are a veteran with a VA rated disability and are receiving a monthly benefit then, in most cases, you will be exempt from having to pay the VA funding fee.
If you are eligible for a VA loan and are in the market for a new home that is within the VA lending limits then the VA loan should be your 1st choice when considering your financing options. It offers tremendous benefits over a conventional loan and can make you a homeowner with zero or little outlay of cash.

If you would like more information on the VA home loan program or are an eligible veteran and want to get pre-approved for a VA loan visit 1st Metropolitan Mortgage at
Levetta Rivera is a successful mortgage broker, author and webmaster of several financial websites specializing in mortgage financing solutions. For more information on mortgage or home equity loan programs visit: or
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Friday, March 24, 2006

Army Times - News - More News.

Army Times - News - More News.

Interview with Michael Yon in the Army times very good read. We are going to ask Mike for an interview.

Thursday, March 23, 2006

Veterans educational program

Vetran's Programs and Information

This is a fantastic program for Vets who live in Wiscosin. It also provides for educational benefits for the children and spouces of Veterans.

Tuesday, March 21, 2006

Michael Yon : Online Magazine » Blog Archive » Pulitzer Prize

Michael Yon : Online Magazine » Blog Archive » Pulitzer Prize

Rock on bro.

Please book mark this site. Daily read

Monday, March 20, 2006

VFW :: Operation Uplink :: Request a Phone Card

This is a free way to request a 10 minute phone card, we will keep the resources comming.

VFW :: Operation Uplink :: Request a Phone Card

Veterans Employment Opportunities Act of 1998

Veterans Employment Opportunities Act of 1998

You have earned the right, make sure you claim Veterans preference. Alot of Veterans qualify and do not even realize it. I was one of them.

We will be starting a job website for Veterans our goal is to focus about fifty percent of the site on work from home positions. This is to help wounded soldier specifically. There are some good telecommuting companies out there and we will find them.

Headquarters - Wounded Warrior Project

Headquarters - Wounded Warrior Project

Excellent site we will be contacting them about our upcomming work from home site for Veterans.

There are good work at home jobs out there, me and the team are busy sorting through all of the BS programs to find the gems the ones that actually work. There are so many scams out there it is taking us much longer then anticipated.