Feb 16, 2024
How the VBOC Program Supports Veterans and Military Families in Small Business Success
The VBOC, or the Veterans Business Outreach Center, offers resources to veterans, service members, and spouses of military personnel who are interested in starting their businesses. The program is designed to offer entrepreneurial developmental services such as business training, partner referrals, business counseling, etc, to the veterans, service members, and family members who are interested in either starting or growing their businesses. How does the VBOC program help the small business? The Veterans Business Outreach Center assists small businesses in several ways. The VBOC from the Small Business Administration offers counseling, training, and mentorship opportunities available in the locality. The VBOCs also help small business owners navigate the extensive resource partner network of the small business administration. Through this, it is possible to refer the program to a lender or community partner. Other ways by which the VBOC program helps small businesses are as follows. Transition assistance programs: The Veterans Business Outreach Centers will work in close liaison with the SBA district offices and the transition service managers to conduct business classes for both the service members and the spouses of military personnel. The VBOCs will also conduct the business-to-business reboot classes for veterans of all periods, along with the […]
Feb 6, 2024
What is the GSA Advantage Program, and Benefits of GSA Advantage For Contractors?
GSA’s advantage is the Government’s premier online electronic ordering and shopping system, offering access to thousands of contractors under the GSA schedule. The portal also offers access to thousands of products and services, fostering agencies all over the world to place orders electronically. These agencies are not individual buyers but federal, state, and local government agencies. These agencies will be able to browse for products from local businesses by searching through keywords, contract numbers, stock numbers, vendor names, etc. These agencies or buyers will also be able to compare the features and the prices of the products, choose the delivery option, and place orders from the small businesses directly. What is a GSA advantage, and what is available on it? The GSA Advantage is a government purchasing program that the General Services Administration runs. This is the premier online shopping superstore of the Federal Government that offers tremendous opportunities for federal agencies looking forward to buying services and products. The site lists the products of small businesses and includes detailed information about the product, including photos, product descriptions, and the GSA-approved price for each of the items. This virtual marketplace has over one million customers visit the week. More than […]
Jan 24, 2024
Discover the Right Funding Strategy for your Businesses
Starting a new business is a challenging and exciting endeavor. Setting up adequate funding is one of the crucial aspects of building up a successful business. Funding is one important criterion that fuels the growth of the business and brings its ideas into reality. There are several fundraising strategies for businesses, and getting help from the Federal government through small business loans is the most important of them all. If you are worried about how to get business funding for your startup, this guide will help you through the process. Fundraising strategies for small businesses Having adequate funds is important to safeguard the operations of the business. Having adequate funds will help the business fuel its innovation, support its strategic initiatives, and expand its operations. There are many strategies that businesses could adopt for business funding, and the most beneficial of those are as follows. Small business loans This is the most popular funding option for small business owners who are looking to fund their growth initiatives. The banks generally offer these loans, which can be used by the business to purchase equipment, expand their operations, and hire additional staff. Bootstrapping This is an efficient funding strategy that makes use […]