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The Deal Board Podcast
Veterans’ Owned Businesses Part 2

Episode 36

Veterans’ Owned Businesses Part 2

"Opportunities for Veterans to Become Entrepreneurs"

Description:

Andrew and Jessica are continuing on this second episode, giving great information and resources for veterans that want to get into business. There are many opportunities awaiting and some amazing guests offer their knowledge and information about them, such as Rosy McDonough, Director of the Minority Business Office in Colorado, and Amanda Bainton from Military Office Association of America. Listen to this episode to find what are the resources available and also about the opportunities that lay in the market.

Key takeaways:

[3:20] Rosy McDonough, Director of the Minority Business Office in Colorado

[3:30] What is the entrepreneurial community for veterans today?

[4:26] What does the Colorado Minority Business office do to help veterans as entrepreneurs?

[5:07] Free consulting and networking for veterans.

[5:45] SBDC network.

[7:00] Advice for small business veteran entrepreneurs.

[8:33] Deal of the week: Al Fialkovich, Colorado. Moving company sold to a company that hires veterans to CEO positions. STE: $250,000. Sold at $600,000. Seller financing.

[10:26] Amanda Bainton, executive director of the MOAA foundation.

[11:10] Getting veterans to be great entrepreneurs.

[12:55] Opportunities giving by MOAA.

[15:06] Veterans starting small businesses.

[17:01] Why it is easier to buy businesses.

[19:40] Veterans make great franchisees.

[20:53] Mitigating risks with a franchise model.

[21:29] Significant discounts for veterans in the franchise business arena.

[24:11] Military Veteran Networking Forum.

[24:55] Listing of the week: George Albright, Dallas. Veteran-owned Motorcycle Service Shop. STE: $85,000 to $90,000. Total sales: $350,000. Assets and Inventory $145,000. Price: $430,000.

Show Notes:

Mentioned in this episode:

Tweetables:

George Albright, Dallas. Veteran-owned Motorcycle Service Shop since 1996, open on weekends, offering veterans a 10% discount on parts. STE: $85,000 to $90,000. Total sales: $350,000. Assets and Inventory $145,000. Price: $430,000. Call 844-735-2249 or email galbright@tworld.com.

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