by Camille Johnson
Out of the 27.9 million businesses in the United States, 2.52 million are run by veterans. If you're a veteran living in Mesa, Arizona, and want to join those ranks but are unsure how to go about it, you're in the right place.
Quick and Easy Business Ideas
If you're itching to start your own company but are short on ideas, here are some that can quickly kick-start your new career.
• Survival instructor. Becoming a wilderness survival instructor allows you to stay in your area of knowledge. Some of the basic skills to enable a person to tackle any survival situation are already deep-rooted in your soul.
• Veteran counselor. Nobody knows the difficulties a veteran faces when adapting to civilian life better than a veteran. Offering your fellow veterans guidance and support isn't only a profitable and viable business idea, but it can also be extremely rewarding.
• Fitness instructor. Your fitness levels are likely considerably higher than the average person in the street. Take advantage of this by becoming a fitness instructor.
• Firearms instructor. Your ability with a range of firearms can be an invaluable asset to those who are eager to learn or sharpen their shooting skills.
• Security advisor. There's no better person to train and run a well-drilled security company than someone who has served in the military.
Getting Started
Before obtaining any funding for your business venture, you need a business plan that includes basics, such as financial projections, market analysis, and detailed information about your company.
How you choose to structure your business affects how much tax you have to pay, the personal liability and exposure from your product or service, and whether you decide to have a partner or investor in your industry.
By forming an LLC, you can avoid double taxation and enjoy limited liability. Not only that, these types of companies are more flexible and involve far less paperwork. It's a good idea to use a formation service if you want to save time and avoid hefty lawyer fees. Before going ahead, check regulations on Arizona LLC registration.
Financial Resources
The Arizona Commerce Authority is a valuable resource for anyone living in the state wanting to start a small business. As a veteran, you may also be eligible for one of the many grants available for business start-ups in Arizona. There are also loans tailored specifically to ex-military, commonly referred to as VA loans.
Keeping Track of Your Finances
It's essential to keep track of your business finances by knowing where and how you spend capital. By using specific software, you can get details on two years of transaction data, allowing you to break your spending down for clarity. With an API to get bank transactions integrated, you also get real-time transaction notifications, so you can track them as they happen.
The Success You Deserve
You've served your country, and now it's time to help yourself. A lot of assistance is available for veterans looking to start a business, and some of the above ideas may help put you on the road to success.
If you'd like to volunteer to assist deserving veterans in Mesa, Arizona, visit the Disabled American Veterans East Valley Chapter 8.
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