Veterans Initiative Panel: RMOA Business Institute Overview


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Moderated by Maj. General Genaro (Gino) Dellarocco (Ret.), the Veterans Transition Initiative program’s business panel was geared toward veterans who are interested in entrepreneurship or learning how to boost their businesses. Featuring representatives from the Department of Veteran Affairs, Lockheed Martin Corporation and the U.S. Small Business Administration, panelists motivated attendees and provided the ins and outs for business success.

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Veterans Initiative Panel: RMOA Business Institute Overview

  1. 1. February 7, 2014 1
  2. 2. MISSION:MISSION: To Provide Experienced-Based Entrepreneurial Training and Mentoring to Veterans & Non-Veteran Members VISION:VISION: To be the Small Business Entrepreneurial Training Institute of Choice 2
  3. 3. GOALSGOALS •Help Grow the Economy by Increasing the total number of successful SDVOSB, VOSB and other businesses •Increase Income opportunities for Veterans & RMOA Members •Increase RMOA Membership 3
  4. 4.  Overall ConceptOverall Concept • Phase I – RMOA Pilot Program (10 RMOA Fellows Max) • Phase II – Separate RBI Non-Profit (100 RMOA Fellows Max)  Continuous on-ramp and off-ramp  Annual Graduation Ceremony 4
  5. 5. Phase IPhase I (18 Feb 13)(18 Feb 13) • Instructional Delivery Methods  On-line  Lecture/Demonstration  Individual Mentoring •Select/Develop On-line Curriculum –New York State SBDC Entre Skills •Finalize Curriculum Contract •Enroll RMOA Fellows •Identify and Schedule Platform Instructors •Establish Mentors Group 5
  6. 6. Phase IPhase I (Cont.)(Cont.) • Establish RBI as a 501(c)(3) Educational Non- Profit • Establish MOU’s (SBA, SBDC’s) • Begin Community Outreach &Publicity Campaign • Begin to Identify Funding Sources ( Grants, Sponsorship, GI Bill, MOU’s, Other) 6
  7. 7. Promotion and RecruitmentPromotion and Recruitment ApplicationApplication Intake & AssessmentIntake & Assessment Completion of CurriculumCompletion of Curriculum Internship at RMOA Member Company Internship at RMOA Member Company IncubationIncubation GRADUATIONGRADUATION Support of RMOA Advisor/Mentor Support of RMOA Advisor/Mentor Support of RMOA Advisor/Mentor Support of RMOA Advisor/Mentor Support of RMOA Advisor/Mentor Support of RMOA Advisor/Mentor RBI ProgramRBI Program 7
  8. 8. Phase IIPhase II (TBD)(TBD) •Activate RBI as Separate Organization •Hire (Volunteer-to-Hire) Executive Director •Develop Business Plan W/Budget •Finalize Organization and Functions Manual •Add Staff (When Affordable) •Operate RBI as Self-Sustaining Educational non- Profit (Reports to RMOA) 8
  9. 9. On-line Course •RBI uses the New York State Small Business Development Center’s (SBDC) EntreSkills for Veterans™ curriculum •Interactive Web-based educational tool developed by Veterans for Veterans •More than 17 interactive chapters •Self-paced, designed to be supplemented by one- on-one counseling with an SBDC Veteran Business Advisor. •EntreSkills for Veterans™ facilitates the development of a complete Business Plan. 9
  10. 10. Lecture/Demo Instruction •Legal Form of Organization – Instructor: Darryl Jordan/Donnellda Rice •Finance and Tax Considerations for Start-up – Instructor: Greta Tosi-Miller •Human Resource and Benefits Planning – Instructor:? •Technical Proposal Preparation – Instructor:? •Price Proposal Preparation – Instructor: Annette Johnson •Bank Package Preparation- Instructor? •Marketing and Capture Planning – Instructor? •Other 10
  11. 11. One-on-one Mentoring •Serves as a role model and confidante •Provides guidance, advice, and encouragement •Imparts technical knowledge and other expertise •Refers Fellows to needed supportive services •Shares resources and networks •Challenges the Fellow to move beyond his or her comfort zone •Focuses on the Fellow’s total development 11
  12. 12. Summary 12 • Primarily aimed at veterans committed to becoming entrepreneurs—those who have been working and also those who recently left the military • Self-paced on-line study, platform instruction, mentors • Continuous on-ramp entry, off-ramp at online completion • Annual graduation ceremony • Phase I Pilot – no charge w/RMOA membership • Phase II Price – TBD • 501(c)(3) Educational non-profit organization • Sponsorships, grants, donations, MOU’s are key