Veterans Business Outreach Center (VBOC) program

Veterans Business Outreach Center (VBOC) program

April 7, 2023 General Info News TAP 0
The Veterans Business Outreach Center (VBOC) program offers resources to veterans who are interested in starting or growing a small business.

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What is the Veterans Business Outreach Center Program?

The Veterans Business Outreach Center (VBOC) program is designed to provide entrepreneurial development services such as business training, counseling, and resource partner referrals to transitioning service members, veterans, National Guard & Reserve members, and military spouses interested in starting or growing a small business. SBA has 22 organizations participating in this cooperative agreement and serving as Veterans Business Outreach Centers (VBOC).

How can the VBOC program help my small business?

SBA’s VBOCs offer workshops, training, counseling, and mentorship opportunities in your area. VBOCs can also help you navigate SBA’s extensive resource partner network and refer you to a community partner, lender, or SBA program.

Transition Assistance Programs

VBOCs work closely with SBA district offices and Transition Service Managers at military installations to conduct Boots to Business classes for transitioning service members and their spouses. VBOCs also help conduct B2B Reboot classes off installations for veterans of all eras, National Guard and Reserve members, and their spouses.   

Pre-Business Plan Workshops

VBOCs conduct entrepreneurial development workshops dealing specifically with the major issues of self-employment. An important segment of these workshops covers the usage of the Internet as a tool for developing and expanding businesses. Each client is afforded the opportunity to work directly with a business counselor.

Concept Assessments

VBOCs assist clients in assessing their entrepreneurial needs and requirements.

Business Plan Preparation

VBOCs assist clients in developing and maintaining a five-year business plan. The business plan includes such elements as the legal form of the business, equipment requirements and cost, organizational structure, a strategic plan, market analysis, and a financial plan. Financial plans include financial projections, budget projections, and funding requirements.

Comprehensive Feasibility Analysis

VBOCs provide assistance in identifying and analyzing the strengths and weaknesses of the business plan to increase the probability of success. The results of the analysis are used to revise the strategic planning portion of the business plan.

Entrepreneurial Training and Counseling

VBOCs, working with other SBA resource partners, target entrepreneurial training projects and counseling sessions tailored specifically to address the needs and concerns of the veteran entrepreneur community, including service-disabled veterans, women veterans, and veterans interested in procurement.

Mentorship

VBOCs conduct, as appropriate, on-site visits with clients to ensure adherence to their business plans. Additionally, VBOCs review monthly financial statements to determine whether a revision of the business plan is warranted or that desired results are being attained.

Other Business Developmental Related Services

VBOCs also provide assistance and training in such areas as international trade, franchising, internet marketing, accounting, and more.

To learn more about SBA’s resources for veterans, visit sba.gov/veterans.