Score mentors help military veterans to start small companies

• The score offers veteran entrepreneurs free mentoring

• The new resource leader supports military business transitions

• Veteran companies have high success rates

• Score mentors serve all 50 states and US territories

In conjunction with the national military month of appreciation in May, the score mentors offer veterans resources to start and expand their entrepreneurial companies.

A national non -profit organization that supports small businesses has helped more than 17 million entrepreneurs to start, grow or successfully leave a company since 1964. The 10,000 score volunteers offer free mentoring, resources and education in all 50 US states and territories. The organization offers veteran training to overcome challenges for entrepreneurship.

“Voluntary work at the score is my way, those who helped me and gave me during my career to show appreciation and share my background and experience to help entrepreneurs be successful,” said Ed Coleman, regional vice president of Mid-Atlantic Regional. “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 scoring mission is.”

Score has developed specific resources for the use of its 10,000 mentors nationally in mentoring veterans. The Score Veterans Small Business Resource Guide has veteran -specific resources to provide insights into the development of a business plan, the securing of financial resources, the establishment of a company, the purchase of a franchise, the connection with one of the voluntary mentors from score and a better understanding of companies through webinars and workshops.

Veterans make up about 10% of the customer base the score. They own 10% of small companies and 14% of the franchise companies. National, veterans own Almost 2 Millions of companies nationally, employ more than 5 million Americans and generate more than $ 1 Billion in annual income. Of these, 40% of companies owned by veterans achieve annual sales of more than $ 500,000.

According to a press release, 80% of the 1.7 million company owners have successfully considered veterans. 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 show that small business owners with an established mentor have twice the success rate -70% compared to 35% -because those who do not have a mentor.

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 Bewley. “It is wonderful that veteran resources help with the fingertips of our volunteers to look after our service men and women.”