Texas Veteran Entrepreneur Program
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1 Texas Program Wherever you see a successful business, someone once made a courageous decision. -- Peter Drucker Owned Business Statistics Promoting ship is Good for Texas Texas is home to nearly 1.7 Million s Texas receives more than 35,000 s each year s own 9.2% (199,203) of all private companies in Texas Employ nearly 500,000. Estimated annual receipts totaling more than $99 Billion. 1
2 Population Highly Concentrated 41% of Texas s reside within 5 counties Direct correlation to the 5 cities with the highest concentration of Owned Businesses (VOB s) The number of VOB s for the five most populace cities/counties in Texas are: Houston/Harris 30,991 Dallas/Dallas 19,683 San Antonio/Bexar 15,360 Fort Worth/Tarrant 14,375 Austin/Travis 8,188 Taking a Rifle Approach Owned Business Distribution Texas Program The purpose of the Texas Program: Promote Business Ownership Connect s with the Resources Required for the Successful Launch, Ongoing Operation and Growth of their Business Provide Guidance and Training in the Areas of : Business Plan Concept Assessment, and Development Financial Guidance Management Assistance Marketing Assistance Mentorship Opportunities Information Regarding Franchise Opportunities 2
3 Program Launched as Pilot Program May 1, 2012 Signed into Law Memorial Day 2013 Assisted 3,217 s Toward ship to Date Directly involved in Launch of 32 Owned Businesses Assisted 78 VOB s w/capital Acquisition Provided 64 s with Business Plan Assistance Launched Facebook Forum 965 Likes Program Very little advertising to date. Most effective means for conveying information is via Seminars. Seminars held in target rich cities will focus on Tier 2 cities. Large segment of the population wants to own/start business but do not know where to start. 3
4 State Level Initiative Business Academy (VBA) Open to s of all era s Capital (loans) available upon completion Leveraging Texas s Force Multipliers Transition to Transition to 4
5 Testimonials I received direct assistance by the state of Texas and it was an absolute God-send! I don't know where I would've turned to or how I would've started my company step by step and in the smartest, most efficient way. It's a blessing for this wounded warrior. Sean Thomas CEO, Credentialed Project Management Professionals (C-PMPs) I have used the services, s and workshop of the Program for assistance in starting my own business. The Houston Information Seminar was most helpful along with the of the presentations that was sent as a follow-up. I still use the s as a reference tool and have been able to make contact with some of the presenters in regards to my business. I am now working on my business full time and have finished my business plan to submit to my SCORE counselor. The funding opportunities and business plan presentations was very helpful. Yolanda Lawson USN Testimonials Politicians, celebrities, athletics and superstars chant their mantra I support our troops and vets, because it is popular. Yet, they do little. The Program does it, because it is the right thing to do. They walk the talk. To eliminate this program would be a serious mistake. In summary, this is one of the greatest opportunities for veteran entrepreneurs. My only regret is it was not available to the vets when we returned home from South East Asia, but I am thrilled to have the opportunity to participate now. Leo J. Rourke President/CEO CPiE, Inc. 5
6 Questions? 6
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