Entrepreneurship for Veterans

201503.23

Jose Espinoza in military uniformVeterans coming back from service overseas are valuable members of the community.

In fact, several organizations have recently emerged to help veterans make this difficult transition. Entrepreneurship is one way that many veterans can move back into the private sector, gaining valuable skills, creating new jobs, giving back to the community and making money for themselves. Jose Espinoza is a perfect example of this type of entrepreneurship.

Entrepreneurship Bootcamp

Louisiana State University (LSU) recently hosted more than 20 disabled veterans to participate in an intensive Entrepreneurship Bootcamp for Veterans with Disabilities, or EBV. The event occurred for the fourth time at LSU from February 20th to 28th. The bootcamp was held with the support of the Institute for Veterans and Military Families, or, IVMF. Its mission is to help veterans of the post-9/11 wars to reenter the workforce through entrepreneurship.

The program seeks to teach its veterans the basics of starting a business and instill all the tools and values necessary to achieve success in the private sector. It was originally launched at Syracuse’s Whitman School of Management in 2007. Today, the program is hosted by seven universities around the country with more expansion planned. In addition to the Universities, The U.S. Small Business Administration (SBA) as well as private donors support this organization.

Phases of Program

The entrepreneurship program contains three phases including a three week online tutorial where students learn the basics of business and business plans. The second phase is a nine day residency at a University (such as LSU) to learn the detailed day to day tools of business ownership. The final phase for EBV graduates is a year long mentorship and support system.

When veterans put their minds to it, they can create wonderful, successful businesses that give back the to the community and provide a valuable service. Not only that, but these businesses can employ other veterans and continue the cycle of productive employment and eventually entrepreneurship. Veterans are over-represented in entrepreneurship and actually own 9% of all US businesses, proving that they can succeed in the private workforce.

Espinoza Bail Bonds

For example, Espinoza Bail Bonds is one successful veteran owned business. Captain Jose Espinoza began his service in the the United States Army in 1995. After achieving the rank of Captain with distinction, Espinoza went on to receive a masters of business administration (MBA) from California State University in Sacramento. His focus during his MBA was management and operations, which helped him to become an excellent business executive. The Captain then decided to form Jose Espinoza Bail Bonds to provide a valuable, profitable service and give back to his community.

Espinoza Bail Bonds is a shining example of what can be achieved when veterans are successfully transitioned into the civilian workforce. Captain Espinoza not only provides a needed, lucrative service but also is able to employ other members of his community.