Do you own your own business? Does your military background assist you in operating it?

MAJ Private RallyPoint Member — Wed, 09 Sep 2015 18:59:46 -0400

Knowing what you do now...Would you start the same business over again or would you make some changes?

Response by Cpl James Waycasie made Sep 9 at 2015 7:13 PM

Cpl James Waycasie — Wed, 09 Sep 2015 19:13:02 -0400

I do not presently own my own business, but I did own one for about ten years. Yes my Military background proved to be very useful in the success of my business. The same traits one requires in the military will lend greatly to a business working successfully. Being motivated, dedicated, leading by example, never settling for 2nd best are a few military traits that will be impactful on a business thriving well. I finally ceased running my business when I noticed the housing industry starting to fail. I realized that it was time to find some other source of income. Instead of trying to see it through like a lot of other independent contractors did and causing them to file either chapter 13 or 7, I paid off all my bills ; informed my associates that I would cease operations in two months, thereby giving them some time to find other employment. I then notified all services I dealt with of my intentions and, with enough money in the bank to sustain my family while I sought employment elsewhere, I shut down my business at the close of the two month deadline I had set.

Response by SFC Joseph James made Sep 9 at 2015 9:59 PM

SFC Joseph James — Wed, 09 Sep 2015 21:59:19 -0400

I just started a Real Estate Investment business in January and that picture really hit home. lol. My starting capital isn't here yet (Selling current home). As an NCO I've been brought up to live the Army Values and NCO creed. I've been able to continue that in my work ethic and attitude. If you want something done you go to the experts and be able to manage your contractors. Be, Know, DO! Early riser, dedication to the cause and staying motivated are keys to success on the battlefield and the work site. Great question MAJ Private RallyPoint Member

Response by Capt Seid Waddell made Sep 10 at 2015 1:00 AM

Capt Seid Waddell — Thu, 10 Sep 2015 01:00:11 -0400

Yes. No. Totally different areas.

Response by SGT Alexander Hildenbrandt made Sep 10 at 2015 1:32 PM

SGT Alexander Hildenbrandt — Thu, 10 Sep 2015 13:32:54 -0400

I would have started much earlier!!!

Response by Cpl Ray Milano made Sep 11 at 2015 3:19 PM

Cpl Ray Milano — Fri, 11 Sep 2015 15:19:35 -0400

There are many resources to assist you in exploring entrepreneurship. Feel free to contact me if you have any questions or want to discuss next steps.