– Originally posted on November 24th, 2013 by SHANTEÉ WOODARDS for the Capital Gazette. You can read the original article here.
Tim Longmire wants to start a business that eventually provides 24-hour grooming and other services to dogs.
First, he needs a storefront. And financing. And a bunch of other things he wasn’t sure about until he entered Project Opportunity. The Navy veteran is part of the first Annapolis group to be involved in a 10-week program that teaches veterans how to become entrepreneurs. As a result, he and his wife plan to move forward with Bark, Bathe, Board & Beyond by 2015 at the latest.
“(The program) had very knowledgeable people in the field and you could ask them anything you wanted. You didn’t have to sit on the phone,” said Longmire, an Arnold resident who was once stationed at Pearl Harbor. He added that he thinks his military training prepared him for the entrepreneurial lifestyle.
“One of the key things that was always beaten in my head is details, details, details. You’ve got to pay attention to details and you’ve got to adapt.”
In 2010, Consulting, Training, and Development Services launched Project OpportunitySM as a way to help veterans who wanted to start a business on the Eastern Shore. Since then, 26 have completed the program.
This year, the Annapolis Economic Development Corp. partnered with Consulting, Training, and Development Services and the state Technology Development Corp. to offer the free program locally. Eighty veterans applied and that was later whittled down to the 11 who completed the courses. Two more events are being planned in the county, and they will launch in the winter and spring.
Statistics show that veteran-owned firms have annual sales of $1.2 trillion, nearly 6 million employees and a payroll of about $210 billion. The U.S. Small Business Administration’s 2012 report on veteran-owned firms found that veterans represented 9 percent of all companies in the country in 2007, the latest statistics available. That included roughly 54,000 firms in Maryland with $25 million in sales, according to the report.
At last week’s graduation ceremony at Loews Annapolis, Project OpportunitySM veterans were encouraged to look to Marine Maj. Rob Dyer for inspiration.
The Annapolis resident launched RuckPack — a vitamin and energy shot — with his military friends. After a series of challenges, he landed on ABC’s Shark Tank last year. He gained a $150,000 deal with Kevin O’Leary and Robert Herjavec getting a 20 percent stake in the company.
Since then, the company has made $500,000 and has signed a national deal with Walgreens.
Still, his sleepless nights have not ended, and he encouraged Project OpportunitySM participants not to give up their day jobs immediately. He continues to teach at the Naval Academy.
“You stay flexible and you grind. You grind like nobody else can because nobody else knows what veteran life is like,” said Dyer, who was the keynote speaker at Project Opportunity’s graduation ceremony.
“If somebody says ‘Man, this is tough,’ this isn’t boot camp tough. … It’s not that bad. I didn’t even get shot at today, yet. When that becomes your fallback matrix, you figure out you can do anything.”
Brenda Dilts led the Project OpportunitySM sessions, which were held on Tuesday evenings at Maryland Hall. Each night included a guest speaker, as well as information on marketing, financing and management. The goal was to get participants to apply what they learned to their own business plan.
Their final project was to whittle their goals down to a three- to five-minute pitch speech, which they delivered at the graduation ceremony. In front of family and friends, they pitched plans that included nanny services, cellular phones, technical consultation and diabetes research.
Navy veteran Jimmie Bell’s signature phrase “Fluck It” is being sold on T-shirts, jackets and other apparel through his website. He aims to use it to encourage positive thinking among teenagers and other young people.
“My message to them is ‘fluck it,’?” Bell said in his pitch speech. “You control your destiny. You control what happens to you. If you want to do something, say you’re going to do it. Put the ball in motion and start making it happen. Fluck it, no matter what somebody tells you.”
– Originally posted on August 11th, 2013 by SHANTEÉ WOODARDS for the Capital Gazette. You can read the original article here.
There was a time when post-traumatic stress disorder limited Tracy Hoover’s speech and mobility.
But the retired U.S. Air Force veteran slowly turned his life around and is now co-owner of an Edgewater auto repair shop. His work at Premier Collision & Customs is a stress reliever, but he realizes veterans need a variety of services ranging from healthcare to job training.
So he is in the early stages of creating a veterans transition center to link them to those services. Many veterans join the armed services as young as 18 and return home with limited training, he said.
“They come back and they don’t know what to do — they never had to interview for a job and in some cases they don’t have the skills to transfer back to their civilian lives,” said Hoover, who retired from the U.S. Air Force and helped launch Premiere Collision & Customs. “There has got to be somebody who grabs the hand of the veteran and walks them through the process.”
There are also veterans who want to launch their own businesses, and that is a network the Annapolis Economic Development Corp. hopes to attract in its newest effort. The organization is partnering with Consulting, Training, and Development Services and the state Technology Development Corp. to provide a 10-week program to veterans who want to be entrepreneurs.
Called Project OpportunitySM, the evening classes will be held at Maryland Hall for the Creative Arts through November. Eighty veterans wanted to sign up for the program, so a second session will be offered in the spring.
“We knew there were a number of veterans in the Annapolis area, we just weren’t sure how many wanted to be entrepreneurs,” AEDC CEO Lara Fritts said. “The great thing about veterans is that we know that they’re hard working and they have an amazing work ethic.”
Statistics show the unemployment rate for post-Sept. 11 veterans declined to just under 10 percent last year. Those figures vary based on where they were stationed and the type of service.
Recent veterans who were in the National Guard or Reserves had an unemployment rate of 7.2 percent in August 2012, compared to 13.7 percent for those who were not members.
Those who served in Iraq, Afghanistan or both had an unemployment rate just under 11 percent, while those who served elsewhere had a rate of 11.3 percent in August 2012, according to the U.S. Bureau of Labor Statistics.
With Project OpportunitySM, participants will have weekly sessions that teach them about developing marketing plans, funding, networking and social media. The plan is for them to start out with their own business plans and fine tune them over the course of the program.
By their completion in November, they will be able to move onto the next stages of launching their venture.
“Hopefully this will translate into new business for the good ole City of Annapolis. As pleased as we are to do this, there is a selfish motive,” said Bob Sammis, Jr., the AEDC business recruitment, retention and expansion coordinator. “At the end of the day you need the same stuff — you need the business plan, funding, some sense of motivation — and all of those things have to fall into place regardless of if you’re a vet or not. But there may be some subtle differences (from other entrepreneurs).”
For more information about the AEDC’s Project OpportunitySM program, call 410-280-2712
The following article was originally written by Emilie Eastman on Monday, March 4, 2013, For The Capital. The original article can be found online here: Capital Gazette – Article on Project Opportunity.
Joe Giordano says it’s a no brainer.
The retired U.S. Army Master Sergeant started Project OpportunitySM to provide military veterans free business startup training. Through a 10-week program based off the NxLeveL for Entrepreneurs business program, Maryland veterans will research, develop and eventually create their own businesses.
“I think it’s something they’ve earned,” Giordano said.
Giordano launched his entrepreneur program three years ago and has 35 graduates. This spring, Project OpportunitySM is expanding from the nine counties of the Eastern Shore where it began to Columbia and Southern Maryland, reaching Annapolis by the end of the summer.
Annapolis Economic Development Corp. is partnering with Project Opportunity’s Annapolis branch. She said the program could make a significant impact on the city that is home to the U.S. Naval Academy and scores of retired veterans.
“I hope to see every veteran who goes through Project OpportunitySM in Annapolis ultimately start their own business,” said AEDC CEO Lara Fritts. “We hope they’ll be able to grow here.”
Fritts, whose husband and father are veterans, said her group “really liked the veteran component to this, and knowing Joe was a veteran himself made it a great opportunity.”
Giordano owns Consulting, Training, and Development Services . When he started Project OpportunitySM, he was looking for veterans who were “focused and knew what type of business they would like to start,” he said.
He wanted to give them the tools they needed to succeed because, “you can’t start a business without a business plan,” he said.
Giordano is expanding his program beyond the Bay Bridge after veterans across the state requested classes closer to their homes, he said. The three new programs are already funded, including textbooks for the participants.
The graduates of Project OpportunitySM have developed or expanded business plans that run the gamut, including a website development company, a clothing design business, a private investigation and security company, a bakery and a dog-breeding business, Giordano said. Participants range in age from 20 to 60 and are split almost evenly between male and female, he said.
Adrian Holmes said Giordano’s program is rigorous. The 50-year-old Ridgely resident served in the Air Force for 15 years. She said Project OpportunitySM is challenging but rewarding.
“When I met Joe … he was very tough,” she said. “He wouldn’t even send us classwork until we went to the first class.”
Holmes partnered with another Project OpportunitySM participant, Jermaine Anderson, 40, of Cambridge. They merged their businesses to create TNT Moving and Cleaning by Design
The firm offers moving and interior design services. The merger gives clients more bang for their buck because people who are moving often need help designing or re-designing, Holmes said.
TNT currently provides services across Maryland and has even been as far as Connecticut, Texas and Florida, she said.
Holmes said the program sends an important message.
“I think this program epitomizes who veterans are as citizens — their creativity and their camaraderie,” she said. “When we … run our businesses, we go to it like we’re going to Iraq. That’s just how we roll.”
Anderson said the program is based on universal principles and forces participants to adopt an entrepreneurial outlook.
“I think [Project Opportunity] should be a national program,” he said.
Graduating is not a simple feat. The programs requiring about 15 hours of homework per week. Before entering, Giordano gives interested veterans a 45-minute screening assessment.
Then, he chooses the best candidates. While some candidates are put on a waiting list, Giordano said they can re-apply.
Giordano has high standards for enrollees.
“They call me a drill sergeant because I work them hard,” he said. “But I think by the end of 10 weeks, when they see their business plan come together, they appreciate the time and effort they put into it.”
2012 marks the third year that Project OpportunitySM was conducted. It is a free eleven week entrepreneurship training program that meets one night a week for three hours and is designed solely for veterans who want to start their own business. The pre-requisite for veterans who wished to be considered to participate was that they had to have a solid idea of what business venture they wanted to start because the course is designed to develop and complete a business plan instead of just exploring the possibility of entrepreneurship. Additionally they needed to commit a minimum of fifteen (15) hours per week to attend class, complete reading and homework assignments, and work on the development of their business plan.
Stage 1 was to schedule and conduct two outreach and educational orientation sessions, which were held in Easton and Salisbury. These two hour workshops were titled “Exploring Entrepreneurship” and included a discussion of why the individuals wanted to start their own small businesses, characteristics of successful entrepreneurs and completion of a self-assessment exercise. These sessions gave veterans aspiring to become entrepreneur’s information and resources needed to make an informed decision as to whether entrepreneurship is right for them. Lastly, the importance of a business plan and its components were discussed. A total of fifteen (15) veterans attended these two sessions and thirteen (13) of those in attendance indicated a desire to move forward to Stage 2.
Stage 2 was the conduct of a telephonic screening assessment to identify those veterans with characteristics that would make them good candidates to complete the training and move on to actually starting their own business. If after attending the “Exploring Entrepreneurship” workshop, the participants decide that they would like to continue in the process, they will be asked to participate in an assessment session. This session will take approximately one hour to complete. During the assessment exercise, individuals will be asked a series of questions to determine if they would be a good fit to move on to the next stage in the process. Sample questions will be: describe your business idea, why do you want to go into business, what experience do you have in the business you plan to start, who will buy your products and services and how will you attract these customers, how much money will you need to start/expand your business and where will you get it, when do you plan to start your business, what will be the biggest challenge in starting your business, what are your personal strengths that will contribute to being successful in your business, will you be able to commit to meeting one night a week to complete the ten week “Business Plan Bootcamp” course. A total of thirteen (13) veterans participated in this assessment process and based on the results and a follow up telephone conversation a total of twelve (12) were selected to move on to Stage 3, the eleven (11) week training program.
The third and final stage is an eleven week course entitled “Business Plan Bootcamp.” This course will help the veterans selected through the above process prepare a “bank ready” business plan.
The NxLevel Business Plan Basics Guide for Micro-Entrepreneurs textbook and accompanying training materials was used. The course outline was as follows:
- Week 1 – Assessing Your Business Idea and Business Planning
- Week 2 – The Marketing Plan and Marketing Analysis
- Week 3 – Product, Price, Placement, and Promotion
- Week 4 – Where is the Cash and Managing Money
- Week 5 – Financial Tips and Tools
- Week 6 – Management
- Week 7 – Business Entities, Accounting Practices, and Government Oversight
- Week 8 – Networking and Goal Setting
- Week 9 – Websites and Social Media
- Week 10 – Procurement Opportunities Available to Veteran Owned Businesses
- Week 11 – Presentation of Business Concept and Graduation Ceremony
Each week a guest speaker presented additional information and subject matter expertise to the class. Guest speaker participation was as follows:
- Week 1 – Regional Director of Maryland Division of Rehabilitation Services discussed business grants and loans available to disabled veteran business owners and the process for applying for them
- Week 2 – Representative of SBDC discussed marketing plan research
- Week 3 – Representative of SBDC discussed services available to program participants
- Week 4 –Local business banker discussed cash flow analysis
- Week 5 – Local business banker discussed 5 C’s of credit and business loan applications and procedures
- Week 6 – Local insurance agent explained various business insurance requirements and options
- Week 7 – Lawyer and accountant discussed different forms of incorporation with the pros and cons for each
- Week 8 – Representative from TEDCO discussed agency and loan/grant opportunities available to small businesses in rural areas. Local Chamber of Commerce Membership Director (and a veteran) discussed the importance of effective networking
- Week 9 – Veteran owner of small web design firm discussed social networking and web site importance.
- Week 10 – Veteran small business owner discussed state and federal contracting opportunities for veteran owned business as well as corporate supplier diversity programs.
Twice during the program subject matter experts came in to meet with the participants and review their individual business plans. The first review was for the Marketing Plan portion and a representative from the SBDC and a TEDCO Consultant joined the instructional staff in a constructive review of each plan. The second review was for the Financial Plan portion and subject matter experts from M&T Bank and a local insurance agency joined the instructional staff in a constructive review of each plan.
The last week of the program consists of the Graduation Ceremony. Each participant is required to give a three (3) minute summary of their business plan and answer any questions from the audience. Veterans are encouraged to invite family and friends to attend and join local donors and guest speakers in the celebration. The event is capped off with a catered meal for all in attendance. This year we were honored to have Commissioner Thomas Kimball from the Maryland Department of Veterans Affairs be the guest speaker for the event.
Twelve (12) veterans were selected to participate in the Business Plan Bootcamp and eight (8) completed the entire program. One individual never came after is telephone screening, one individual withdraw after four (4) classes due to personal reasons. One individual relocated to Florida after the fifth class, and another withdraw after five (5) classes due to medical reasons but the remaining eight (8) completed the program and were given NxLevel Course Completion Certificates at the Graduation Ceremony.
Here is a listing of current and anticipated business ventures for the participants:
- Assisted Living Facility
- Clothing Boutique
- Framed Inspirational and Poetry Documents
- Genealogy
- Interior Design
- Manufacturing Operations
- Moving and Storage Operations
- Night Club