Funding my PreVeteran start-up might be the most demanding thing I’ve done in my life, and I’ve spent 7-years as an enlisted Sailor, 5-years married, and 3-years with children. Luckily the military provides amazing financial opportunities and pairs them with incredible financial resources. Keep reading for an overview of how you can bootstrap on a military income.
It’s All About That Base… Pay –
Early in my military career I was advised by a Jewish Orthodox Chaplain to seriously consider my finances before getting married. The revelation struck me as paramount. I was about to embark on a life-long journey filled with adventure, responsibilities, and conflicts. He explained to me that the easiest way was to set a baseline. I would treat Base Pay as such, and any allowances or bonuses would be socked away as an “opportunity fund”. (more…)
When I speak to friends and colleagues, I am often asked how I come up with my PreVeteran entrepreneurship and small businesses ideas. When they ask me the question, I often ask them one right back. “Have you ever had a great idea?” The answer, nine times out of ten, is “yes.” My next question is, “Did you capture it?” The answer is almost always “no.” (more…)
What is PreVeteran?
PreVeteran is an educational website dedicated to help active-duty, Guard, Reserve, and spouses create and grow a small business while still serving in the military.
While there are lots of reasons, here are some of the more salient points.
1). You Have Great Small Business DNA
You may not believe it, but you do! As an active duty, Guard, Reserve, and spouse, you are an educated, independent-thinking leader who has the ability plan and execute. You use it everyday in the military. Now you can channel it into creating your own bridge to post-military life. (more…)