Two mentors from Raleigh Chapter of SCORE recently participated in a training program designed to help military service members start or run their own business. This training was conducted at Seymour Johnson Air Force Base, with about 20 students. It will soon be offered at Ft. Bragg and Camp Lejeune as well.
Called “Boots to Business”, this program was developed by Syracuse University, in cooperation with the U.S. Small Business Administration. It was developed to introduce and train transitioning service members to business ownership. Key elements include: a 2-day Session entitled “Introduction to Business Ownership”, followed by an in depth 8 week online training course. Participation is voluntary, but initial estimates are that about 15% of transitioning service members will choose to participate in this program.
The program will offer training in the following:
- Core component parts required to develop a business or nonprofit organizational plan.
- The interrelationship/interdependency of marketing, accounting/finance, operations/production, and human resources required to formulate a business plan for either a “for profit” business or a nonprofit organization.
- Introductory concepts in entrepreneurship will be covered, such as: idea creation, why the business plan matters, accounting for start-ups, securing financing, marketing on a shoestring budget, and more
- Developing and writing an objective, cohesive, and integrated business or nonprofit plan.
- A number of analytical tools, methodologies, and frameworks useful in creating a great business plan.
- Presenting to prospective investors, lenders, or other financial backers of the proposed business or nonprofit organization.
If you are interested in learning about starting a new business, or in growing your existing business, SCORE can help. Visit our website ( www.raleigh.score.org) for a list of workshops on many aspects of starting or growing your business, and consider signing up for free, face to face mentoring sessions at one of our 7 locations in the Raleigh- Durham area.