Veterans Building Businesses - Newschannel 6 Now | Wichita Falls, TX

Veterans Building Businesses

According to Director of the Veteran Entrepreneur Program Duncan McGhee, for veterans recently returning from duty, the promise of a job is a fairytale.

"What they've been told all along is that there's all sorts of private sector entities that are clamoring for your experience, but the point of fact is that's not true," he said.

McGhee says that the jobs that veterans are being offered aren't enough to allow vets to provide for their families in the way they've been accustomed to.

"Entrepreneurship provides them with that opportunity, to chart their own course," McGhee said. 

The Veteran Entrepreneur Academy seeks to both fast-track vets to small business success and to support them years after they complete the program. 

For four months, interested veterans will learn how to validate a market, understand the importance of a balance sheet, and how to build a marketing strategy. Once they complete the academy, they'll automatically qualify for a $20,000 loan.

"It's a great opportunity for veterans to secure the capital they need to launch their business and to have the support they need to drive success on the back end," McGhee said. 

Leaders of the Academy will be able to track the success of the businesses and then offer advice on how those start-ups can continue to see growth going forward.

McGhee said the first version of the Academy will take place in Austin, but in the near future, the Texas Veterans Commission is looking to take the show on the road. He said anywhere that has a strong contingent of military veterans, like Wichita Falls, is where the Academy will travel to within a few years.

Applications to the first class of the Veteran Entrepreneur Academy are being accepted through January 26, 2015. Classes begin in Austin on February 28th and go until May 9th. 

McGhee also says the program  provides resources for vets interested in starting their own business outside of the entrepreneur academy. You can find additional information on the Texas Veterans Commission's website.

Dave Caulfield, Newschannel 6

  • News HeadlinesNewsMore>>

  • After years of dejection, proponents of gun laws see hope

    After years of dejection, proponents of gun laws see hope

    Saturday, February 24 2018 10:35 AM EST2018-02-24 15:35:23 GMT
    Saturday, February 24 2018 1:10 PM EST2018-02-24 18:10:49 GMT
    The progression has become numbingly repetitive - mass bloodshed unleashed by a gunman, followed by the stories of the fallen, the funerals and mourning. (Source: AP Photos)The progression has become numbingly repetitive - mass bloodshed unleashed by a gunman, followed by the stories of the fallen, the funerals and mourning. (Source: AP Photos)

    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.

    "Our kids have started a revolution:" Teens' activism after Florida school shooting has some hopeful for action on gun policy.

  • The Latest: Czech star Ledecka secures rare Olympic double

    The Latest: Czech star Ledecka secures rare Olympic double

    Friday, February 23 2018 8:14 PM EST2018-02-24 01:14:57 GMT
    Saturday, February 24 2018 1:09 PM EST2018-02-24 18:09:52 GMT
    (AP Photo/Michael Sohn). Driver Nadezhda Sergeeva and Anastasia Kocherzhova of the Olympic Athletes of Russia take a curve in their third heat during the women's two-man bobsled final at the 2018 Winter Olympics in Pyeongchang, South Korea, Wednesday, ...(AP Photo/Michael Sohn). Driver Nadezhda Sergeeva and Anastasia Kocherzhova of the Olympic Athletes of Russia take a curve in their third heat during the women's two-man bobsled final at the 2018 Winter Olympics in Pyeongchang, South Korea, Wednesday, ...

    The International Bobsled and Skeleton Federation says it isn't commenting yet on an alleged anti-doping rule violation by Russian women's bobsledder Nadezhda Sergeeva.

    The International Bobsled and Skeleton Federation says it isn't commenting yet on an alleged anti-doping rule violation by Russian women's bobsledder Nadezhda Sergeeva.

  • Indictment of Missouri governor could have political ripples

    Indictment of Missouri governor could have political ripples

    Saturday, February 24 2018 9:15 AM EST2018-02-24 14:15:50 GMT
    Saturday, February 24 2018 1:09 PM EST2018-02-24 18:09:03 GMT
    It didn't take long after Greitens was indicted for alleged invasion of privacy for Missouri Democrats to tie him to Attorney General Josh Hawley. (Source: AP Photos)It didn't take long after Greitens was indicted for alleged invasion of privacy for Missouri Democrats to tie him to Attorney General Josh Hawley. (Source: AP Photos)

    The indictment of Missouri Gov. Eric Greitens on felony invasion of privacy charges could have political implications beyond his office.

    The indictment of Missouri Gov. Eric Greitens on felony invasion of privacy charges could have political implications beyond his office.

Powered by Frankly