Veterans Business Series: Certification to Propel Your Business
As a veteran owned business, you've already proven that you have what it takes to succeed in challenging environments. However, navigating the world of entrepreneurship can be daunting, especially when it comes to accessing new business opportunities. Fortunately, becoming certified as a service disabled veteran owned business (SDVOSB) or veteran owned business (VOB) can open doors to new opportunities and propel your business forward.
One of the most significant advantages of certification is access to federal government contracts. As a SDVOSB or a VOB, you'll be eligible to compete for government contracts set aside for small businesses. In 2020, the federal government awarded over $24.5 billion in contracts to service-disabled veteran-owned small businesses (SDVOSBs) alone. That's a massive opportunity that you won't want to miss out on.
Moreover, certification can also give you access to federal loan programs that can help you start or grow your business. These loans come with favorable terms and rates, which can be a game-changer when you're trying to secure financing for your business. Whether you're looking to purchase new equipment, inventory, or even real estate, these loans can help you get the capital you need to take your business to the next level.
But the benefits don't stop there. By becoming certified as a SDVOSB or VOB, you'll also gain access to private sector corporations' supplier diversity programs. These programs aim to ensure that small businesses, including veteran owned businesses, are included in their procurement processes. This can help you increase your visibility and gain access to a broader network of potential clients. The result? More business opportunities and increased revenue.
Becoming certified as a SDVOSB or VOB is a significant step towards the success of your veteran owned business. It can open up new doors to opportunities that may have been previously closed off to you. As a veteran, you've already proven that you have the resilience, determination, and grit to overcome obstacles. Becoming certified as a SDVOSB or VOB will give you the edge you need to take your business to the next level. So don't hesitate, take advantage of the benefits of certification today!
Want to get certified as a service disabled veteran owned small business or a veteran owned small business with the federal government? Let our team handle the pain of working with the government and getting your company certified while you focus on growing your business. Schedule a free session with one of our Certified Veterans Business Coaches today.