As a veteran owned business, you deserve to be very proud of your accomplishment and success. Certainly, Veteran Owned Business Roundtable (VOBRT) considers the improvement you have made by taking full advantage of the strategic webinars, online meetings, one-on-one and regulatory processes sessions contributed to your winning formula. Now you are considering expansion. Here are some very valuable tips to consider as you begin your evaluation process to expand.
Contracting departments of businesses need to be aware of the requirements that VOBs must fulfill, in addition to the numerous benefits that working with VOBs provides. In fact, VOBs and SDVOBs are increasingly being sought after by corporations that are seeking supplier diversity. As a result, there are currently 2.5 million VOBs in the country, and they generate more than $1 trillion in sales per year.
Why the Veteran Owned Business Verification Process Matters
Veterans should not ignore the importance of having their businesses verified as a Veteran-Owned Business. Veterans are being sought out for many different opportunities within society due to their honorable service. Therefore, having your business verified as a Veteran-Owned Small Business (VOSB) or Service-Disabled Veteran-Owned Small Business (SDVOSB) gives you access to more business opportunities, such as government and corporate contracting.
5 Key tips for Finding VOBs and SDVOBs
From the battlefield to the boardroom, more veterans are venturing into the corporate world in order to start businesses. VOBs and SDVOBs are among the most successful start-ups due to the resilience and excellent leadership skills of their owners. As a result, more customers and corporations are seeking out the services of VOBs and SDVOBs.
You have taken the first important step in your post-military career in joining the world of veteran owned businesses. Now you can use those finely developed skills you learned in the service and apply them in the business world. In order to reach that successful destination, you will need to develop marketing strategies that will give you the strategic advantage needed. Here are some excellent free resources that will allow you to achieve business success.
Creating Accountability to Meet your Veteran Owned Business Goal Requirements
Doing business with VOBs has numerous benefits for corporations. They can enjoy exceptional levels of service, strong partnerships, and diverse supply chains. As more corporate buyers seek to increase their partnerships with VOBs, they need to establish mechanisms and benchmarks that will allow their companies to remain accountable to these initiatives.
All Veteran Owned Business verifications are not created equal and may be required to successfully submit a proposal for a government or corporate contracting opportunity. There are definite benefits to verification and it’s important to understand the differences between verifications, where it will be valid and choose the most relevant based on your business goals. Here’s a brief outline of just a few veteran verification processes available.
American business is on the uptick in many manufacturing and service areas of the economy and there is absolutely no reason Veteran Owned Businesses (VOB) cannot be part of this vibrant growth. The Veteran Owned Business Roundtable (VOBRT) has created the VetConnect program as a viable vehicle to provide the family of business owners and VOBs with resources and opportunities for networking and growth. VetConnect corporate access is the key to unlock VOB business prosperity.
Our veterans form an important part of the business environment in the country. Upon returning from duty, many veterans choose to start and operate businesses in the private sector. As part of an initiative to support these business ventures, the US government set up a program with the goal of having a minimum of 3% of its purchases being made from veteran-owned businesses.
As he sought a definition of “business model,” Michael Lewis said, “All it really meant was how you planned to make money.” Cynical, yes; true, not necessarily. Organizations like VOBRT (Veteran Owned Business Roundtable) often base their business model and mission on how to help other people make money. Profit-oriented companies like yours can also help U.S. military veterans.