Magic City Morning Star

Forum | Wiki | Advertising | RSS Feed | About Us 

Last Updated: Jun 5, 2010 - 12:05:23 PM 

Millinocket, East Millinocket, Medway, and all of Maine!
Staff Login
Donate towards our web hosting bill!

Front Page 
  News
  -- Local
  -- State
  -- National
  Community
  -- Historical Society
  -- Maine Elks
  -- Maine Grange
  Business
  -- IRS News
  -- Win at Work
  Education
  -- History
  Tech Notes
  Entertainment
  -- Comics
  International
  -- R.P. BenDedek
  -- Kenneth Tellis
  Outdoors
  Sports
  Features
  -- D. R. Crews
  -- J. G. Fabiano
  -- M Stevens-David
  -- Down the Road
  -- Laura on Life
  Christianity
  Obituaries
  Today in History
  Maine Politics
  -- Susan Collins
  -- Michael Michaud
  -- Olympia Snowe
  Opinion
  -- Editor's Desk
  -- Guest Column
  -- Scheme of Things
  -- Thomas Brewton
  -- Stephen Crockett
  -- Michael Devolin
  -- Tom DeWeese
  -- Ed Feulner
  -- William Jud
  -- Jim Kouri
  -- Alyce Maragus
  -- Julie Smithson
  -- Paul Streitz
  -- J. Grant Swank
  -- Nathan Tabor
  -- Doug Wrenn
  -- Tony Zizza
  Letters
  Agenda 21
  Book Reviews
  -- Old Embers
  Notices
  Archive
  Discontinued


As Maine Goes
Restore The Republic - The Home of the Freedom Movement!
www.rockymountaintrail.com
Alliance for the Separation of School and State

NFIB

America's Veterans: Following Entrepreneurial Tradition
By Jack Faris
Nov 26, 2004 - 11:24:00 AM

Email this article
 Printer friendly page
Americans look forward to the day when men and women serving in combat far from home return safe and secure to their families, friends and communities around the nation.
Jack Faris is president of NFIB (the National Federation of Independent Business), the nation's largest small-business advocacy group. A non-profit, non-partisan organization founded in 1943, NFIB represents the consensus views of of its 600,000 members in Washington, D.C., and all 50 state capitals.

For as long as this nation has existed, it has been defended by citizen-soldiers, the first of whom appeared on a small gathering spot in Lexington, Massachusetts nearly 230 years ago. "Minutemen," they dubbed themselves, for they vowed to be "ready in a minute" to take up arms against an oppressing enemy. As soon as the threats were repelled, America's first entrepreneurs put down their muskets, picked up their tools and went back to work as farmers, craftsmen and shopkeepers.

Like their risk-taking forebears, today's veterans have a strong entrepreneurial spirit. According to a study recently released by the U.S. Small Business Administration's Office of Advocacy, which has been charged with developing programs to assist veterans, nearly one-quarter of the veterans polled said they were either purchasing or starting a new business, or giving it some serious consideration. True to their Minutemen roots, nearly two-thirds of those classified as "new-veteran entrepreneurs" planned to initially open their businesses entirely from their homes and 67 percent foresaw expanding beyond their residences in the near future. Almost two-fifths of current-veteran business owners surveyed indicated their operations were entirely home-based small businesses. Of these, nearly 36 percent had plans to grow their enterprises outside of their homes.

Of course, today's armed forces are the most organizationally and technologically sophisticated in our nation's history - applying their skills to meet the needs and challenges of modern combat. Those men and women who have returned and are starting new businesses are making good use of the training they received during their military service. For example, the SBA study found that 11 percent of the new-veteran entrepreneurs plan to be entirely Internet-dependent, while nearly one-third said their business would be 50 percent or more tied to the Internet. Almost a quarter of current-veteran business owners reported that their enterprises were 50 percent or more Internet-dependent.

Overall, the study determined that military service appeared to have provided a significant proportion of both new-veteran entrepreneurs and current-veteran business owners with skills necessary to operate a business. More than one-third of those queried in the study (both new-veteran entrepreneurs and current-veteran business owners) confirmed that they had gained skills while in the military service that were directly relevant to business ownership.

It is comforting and reassuring that after more than two centuries of answering the call to defend their nation, America's veterans retain the citizen-soldier tradition. That's the good news; the better news will come when those men and women bravely serving the nation throughout the world return - many of them to pursue the American Dream of small-business ownership.

To learn more about services available to veterans interested in beginning a business, visit www.sba.gov/vets/.


Jack Faris is president of NFIB (the National Federation of Independent Business), the nation's largest small-business advocacy group. A non-profit, non-partisan organization founded in 1943, NFIB represents the consensus views of of its 600,000 members in Washington, D.C., and all 50 state capitals.


© Copyright 2002-2009 by Magic City Morning Star

Top of Page

NFIB
Latest Headlines
Cap and Trade Means Lights Out for Small Businesses
Forcing Small Businesses to Offer Health Insurance Will Kill Jobs
Breaking the Small Business Bank
Ensuring Safe Holiday Office Cheer
What Small Business Needs

Animal Den - Gift Shop for Animal Lovers!
A Dinosaur of Education - a blog by James Fabiano.
Buy Alvina's book now with PayPal
Buy The Call of Katahdin from Amazon.com
Wysong Foods - Pets and People Too
1-800-PetMeds
Buy Weapon in Heaven from Amazon.com
Different products for unique babies!
Save on Outdoor Gear at the Outlet
Altrec Logo: Free Shipping
Caribou Coffee Company

Google
 
Web magic-city-news.com