Skip to main content
  • Claims Center
  • Contact Us
  • Español
  • Brokers & Agents
Hiscox Insurance
Menu Toggle
  • Home
  • Small Business Insurance Toggle Menu Toggle Menu
  • Why Hiscox Toggle Menu Toggle Menu
  • Resources Toggle Menu Toggle Menu
  • Policy Management Toggle Menu Toggle Menu
  • Claims Center
  • Contact Us
  • Español
  • Brokers & Agents
  • About
  • Get a Quote Get a Quote
  • About
  • Get a Quote Get a Quote
  • Blog Home
    Start Your Business
    Grow Your Business
    Protect Your Business
    Celebrate Courage
    Search

    Small Business Insights

    Sign up to get the latest small business news delivered right to your inbox.
    Start Your Business
    Veterans Day Graphic

    Top 4 resources for veterans starting a small business

    Start up | Entrepreneur
    By: Hiscox Blog

    Share Image

    Embed Image

    Copy

    Share Article:

    For many veterans, life after active duty is an opportunity to apply their training to a role in the private sector. There are more than 2.45 million business with majority ownership by veterans in the United States (US Census Bureau’s Survey of Business Owners). That’s not surprising given that vets tend to possess highly desirable business skills like discipline, leadership and risk analysis that are ranked among the top 10 most important characteristics of an entrepreneur.

    Nevertheless, the transition to civilian business life isn't always easy. Speaking about his experience, Hiscox customer Michael Anderson, who retired after 23 years in the Navy said, “It can be hard [as a veteran] start-up because although you have the knowledge and experience to provide top level support to any potential customer, you don’t always have the private sector experience and it's a dog-eat-dog industry.” Luckily, there are some resources our there to help our veterans start their own businesses.

    1. Small Business Administration

    The SBA provides a wide variety of programs for veteran owned businesses. From financing, to entrepreneurial training programs, and workshops on government contracting opportunities, the SBA should be the first stop for any veteran that is considering starting a small business.  If you’re looking for nearby help for a veteran owned business, locate your local Veterans Business Outreach Center.

    2. The Veterans Affairs Office of Small and Disadvantaged Business Utilization (OSDBU)

    The OSBDU is the go-to place for veterans that are looking to get government contracts and features a number of programs with unique benefits for vets. The office has several resources that veterans should take advantage of including:

    • Vetbiz.gov – this is the VA portal through which your small businesses can be certified as veteran-owned, opening your company up to a wide variety of benefits.
    • Direct Action Program – this program  works to ensure that Veteran-owned and other small businesses are fully-prepared to compete for and win new business with the federal government and commercial corporations.
    • Opportunity Show Case – Through this program  Veteran-Owned Small Business can network and market their capabilities with a Procurement Decision Makers (PDMs) and other Federal agencies.  This program helps the small business owners gain a better understanding of the industry vision of future opportunities provided by VA and other Federal agencies.

    3. SCORE Veteran Fast Launch Initiative

    SCORE is a great resource for all small business owners, but they have unique programs for veterans, guards and reservists that you shouldn't miss. Through the organization’s Veterans Fast Launch Initiative, you can receive free access to a highly experienced mentor to help you launch your business as well as free or significantly reduced resources, like computer software, that can help you run your business.

    4. American Corporate Partners

    In the small business world, mentors can make a world of a difference, which is where this organization comes in. This non-profit is dedicated to assisting veterans in their transition from the armed services to the civilian workforce. With the help of business professionals nationwide, ACP offers veterans tools for long-term career development through mentoring, career counseling, and networking opportunities. ACP’s mentorship program connects veterans with professions from some of Americas top corporations and select universities. Any veteran who has served on active duty for at least 180 days since 2001, including spouses of those wounded or killed in action, is eligible to apply.


    Check out some of our excellent small business clients. Please join us in thanking them for their service!

    IA Expert

    Michael Anderson is the owner of IA Expert Inc., a certified consulting firm specializing in cyber security and information assurance. Mr. Anderson is a U. S. Navy Veteran, retired after 23 years on active duty.    

     Traxler and Associates

    Dan Traxler is the owner of Traxler & Associates. He provides tax preparation for both individuals and business filings. He processes  returns for all states that require tax filings and has clients throughout the world. Dan is a veteran of the U.S. Army.        

    Central California EHS

    Michael J. Puckett, is President and Principal Consultant of Central California EHS, a professional Environmental, Health & Safety resource working in partnership with organizations to provide a broad range of technical and business safety solutions. Michael is a veteran of the U.S. Army.      


    Protect Your Business

    Protect the business you’ve worked so hard to build. Get a fast, free quote and your business could be covered today.

    Get a Quote
    Get a Quote
    Subscribe to our newsletter

    Related Articles

    5 Min Read
    Female entrepreneur in office proud to be her own boss

    How to never get laid off again: Be your own boss!

    Entrepreneur

    Layoffs are bound to happen during our careers, however, there is a way to ensure that you never get laid off again – start your own business.

    Read More

    5 Min Read
    Female entrepreneur dreaming of elevating her small business to the Fortune 500 list

    Dream big! Devoted entrepreneurs now helm Fortune 500 companies

    Start up | Entrepreneur

    Not every startup company makes it to the Fortune 500 in the founder’s lifetime, but some do. Take some inspiration from these companies which are still being led by their founders, Dell, Tesla, and more.  

    Read More

    6 Min Read
    Female yoga instructor talking with two eager female students

    How to start a yoga business: Here's what you need to know

    Start up | Entrepreneur

    Have you been wondering how to become a yoga instructor? Discover all you need to know about what certifications you need, techniques to marketing your yoga studio, and more.

    Read More


    We’re here to help.
    We provide tailored insurance for the specific risks you face, so you can take the right risks to grow your business.
    Get a Quote
    Get a Quote

    Footer menu 1

    • What We Cover
      • Business Insurance
      • General Liability Insurance
      • Professional Liability Insurance
      • Errors and Omissions
      • Cyber Security Insurance
      • Workers Compensation
      • Other Coverage
    • Who We Cover
      • Small Business Owners
      • LLC
      • Sole Proprietors
      • Entrepreneurs
      • Side Hustle
      • Contractors
      • Home Businesses
    • For Our Customers
      • Refer a Friend Program
      • Covid-19 Response
      • Claims Center
    • For Business Owners
      • Save with our Partners
    • About Hiscox
      • About Us
      • Careers
      • Contact Us
      • Hiscox Corporate
      • Investors
      • Foundation
      • Newsroom
      • We Stand Together
      • Affiliate Partner Program

    Footer menu 2

    • Accessibility
    • Site Map
    • Privacy Policy
    • Terms of Use
    • Legal Notices
    • Español

    Do Not Sell or Share My Personal Information

    Feefo Reviews: Hiscox rated 4.7/5 with 1,067 reviews between January 1, 2022 - January 1, 2023

    © 2023 Hiscox Inc. All rights reserved. Underwritten by Hiscox Insurance Company Inc., 30 N. LaSalle St., Suite 1760, Chicago, IL 60602. As of December 31, 2022, HICI had admitted assets of $1,458,861,470 and policyholders surplus of $380,056,863. Total liabilities were $1,078,804,607 (inclusive of $529,538,410 of loss reserves) and paid-up capital stock was $4,242,000.

    icon-facebook
    icon-youtube
    icon-twitter
    icon-linkedin