The mentoring of NJ score, resources, help military veterans to succeed

New Jersey

By: Najla Alexander

You rise as a small business owner. According to Research, 80 percent of the 1.7 million business owners in the possession of veteran owners consider successfully. The five-year survival rate for small businesses for veterans is twice as high as with the non-veteran population.

Data from the US small businesses have shown that small business owners with an established mentor have twice the success rate -70 percent compared to 35 percent -because those who do not have a mentor.

In connection with the national military monthly appreciation month in May, ScoreA national non -profit organization that supports small businesses has developed specific resources for their 10,000 mentors at the national level for mentor veterans.

NJ officials stated that the score veterans Small Business Resource Guide offers veteran-specific resources to provide insights into the development of a business plan, to secure funding, to buy an existing company, to buy a franchise, to connect with one of the volunteers in the score and work through webinars and workshops a better understanding of the business understand.

“Voluntary work at Score is my way of showing me to show appreciation during my career, while I share my background and my experience with the success of the entrepreneur,” said Ed Coleman, Vice President of the Regional Vice President with MID-Atlantic.

“While I like to work with all the scores as a veteran of the US Army, I particularly like to work with veterans to translate their military experience into entrepreneurship. To help customers recognize their dreams is very gratifying and the essence of the score mission.”

Charlie Mangano, Chairman of Metro NJ, said that mentors constantly expand their knowledge of knowledge in order to better support veterans on their entrepreneurial journey.

“The military transition from active service has different needs as civilians in relation to the establishment of a company,” said Mangano. “It is wonderful that veteran resources help with the fingertips of our volunteers to look after our service men and women.”

Veterans make up about 10 percent of the customer base. Veterans have 10 percent of small companies and 14 percent of the franchise company. Since franchisor have a defined plan for what business has with it, veterans represent the perfect franchisee in view of their ability to carry out plans as intended, according to NJ officials.

Nationally, veterans have almost 2 million companies, employ more than 5 million Americans and generate more than 1 trillion dollar of annual income, according to the authorities of NJ. Of these, 40 percent of veteran companies achieve annual turnover of more than $ 500,000.

To learn more about the score, request a mentor or a volunteer to be one, visit Score.org.