Together with the National Month of Military Appreciation in May, Score, a non -profit national organization that helps small businesses, announced its development of specific resources for their use for its 10,000 mentors nationwide in mentor veterans.
The resource guide of small veteran veteran businesses presents specific resources from veterans to offer information on the development of a business plan, ensure funds, start a business, buy an existing business, buy a franchise, connect with one of the volunteer mentors of Score and obtain a better business understanding through web web and workshops.
“Volunteering in the score is my way of showing appreciation to those who helped me and guided during my career, while sharing my background and experience to help entrepreneurs succeed,” said Ed Coleman, scoring the Atlantic regional vice president. “While I enjoy working with all Score’s clients, as veteran of the US Army. Uu. I especially like to work with veterans to translate their military experience in entrepreneurship. Help customers to realize that their dreams are very rewarding and the essence of the score mission.”
The president of the Score Delaware chapter, Tom Kinslow, said that mentors continually expand their knowledge base to help veterans on their business trip.
“The military transition of active duty has different needs than civilians in terms of starting a business,” Kinslow said. “It is wonderful to have veteran resources at the hands of our volunteers to help advise our men and women of service.”
Veterans represent approximately 10% of the Score client base. Veterans have 10% of small businesses and 14% of franchises. Since franchisors have a definite plan of what the business should involve, veterans represent the perfect franchisee given their ability to execute plans effectively as planned. The data of the administration of small businesses in the United States have shown that small businesses with an established mentor have twice the success rate, 70 percent versus 35 percent, such as those who do not have a mentor.
At the national level, veterans have almost 2 million companies, who employ more than 5 million Americans and generate more than $ 1 billion in annual revenues. Of these, 40% of veteran companies generate more than $ 500,000 in annual income.
To learn more, go to Score.org.