How Veteran Entrepreneurs Can Thrive Despite the Cancellation of National Veterans Small Business Week
- Herth Solutions Editorial Team
- 6 days ago
- 3 min read
The recent cancellation of the 12th annual National Veterans Small Business Week (NVSBW) by the Small Business Administration (SBA) highlights how federal shutdowns can affect the small business community. This year, the event was poised to celebrate America’s 1.6 million veteran-owned businesses. However, federal operations came to a halt, preventing crucial training events, lending programs, and the public recognition that many veteran entrepreneurs look forward to each year.
While this cancellation is disappointing, it also reflects a larger truth: small business owners, especially veterans, have a unique ability to adapt, innovate, and advance regardless of external obstacles.
At Herth Solutions LLC, we embody that resilient spirit. Even when federal programs pause, there are still actionable steps you can take to keep your business moving forward.
The Impact of Federal Shutdowns on Small Businesses
Federal shutdowns deeply affect small businesses, particularly those owned by veterans. Following the cancellation of events like NVSBW, veteran entrepreneurs lose not only a platform for recognition but also access to critical resources and networks. In fact, studies show that 30% of small businesses struggle with cash flow during government shutdowns, which can hinder their growth prospects.
During these challenging times, veteran entrepreneurs should remember they are not alone. The small business community is full of individuals who have faced similar challenges and emerged even stronger.
By understanding the impact of federal shutdowns, veteran entrepreneurs can better prepare themselves to navigate these turbulent waters.
Embracing Resilience and Adaptability
Resilience and adaptability are key traits many veteran entrepreneurs possess. Many veterans have faced life-and-death situations and learned how to think on their feet. This experience allows them to approach business challenges with creativity and determination.
Instead of viewing the cancellation of NVSBW as a setback, consider it a chance to recalibrate and plan for the future. For instance, a veteran business owner might use this time to explore new product lines or rethink their marketing strategies in response to changing customer needs.
By harnessing their personal experiences, veteran entrepreneurs can discover new growth opportunities. Embracing flexibility is vital; those who adapt can thrive in harsh conditions.
Practical Steps to Keep Your Business Growing
Though the cancellation of NVSBW may seem like a roadblock, there are several practical steps veteran entrepreneurs can take to uphold positive momentum and build long-term success.
At Herth Solutions, we offer a Digital Library of affordable, downloadable resources designed to help you navigate these challenges. Here are two critical resources you could utilize:
Government Contracting Starter Pack
The Government Contracting Starter Pack is a comprehensive guide that helps you identify and pursue government contracting opportunities. This resource can be invaluable for veteran entrepreneurs looking to expand their businesses into lucrative government sectors. For example, in 2022, veterans earned approximately $1.6 billion in federal contracts, demonstrating the significant market available to them.
AI & Automation for Small Businesses
In our fast-paced digital world, leveraging technology is essential for success. The AI & Automation for Small Businesses resource presents strategies for using technology effectively. By automating routine tasks, such as invoicing or email marketing, small business owners can save time. Studies indicate that automation can increase productivity by up to 25%, allowing veterans to focus on core business activities.
Learning and Preparing for Future Opportunities
The cancellation of National Veterans Small Business Week doesn't mean your progress has to stop. Use this time wisely to learn, plan, and prepare for future opportunities.
Invest in your professional development by exploring online courses or webinars that enhance your current skills. Research shows that businesses that prioritize employee development achieve 11% higher productivity. Additionally, networking with other veteran entrepreneurs can create new opportunities for collaboration, mentorship, and business growth.
Moving Forward with a Positive Outlook
While the cancellation of National Veterans Small Business Week is a reminder of the challenges posed by federal shutdowns, it also presents an opportunity for veteran entrepreneurs to demonstrate their resilience and adaptability.
By utilizing existing resources, embracing change, and committing to continual personal and professional growth, veteran entrepreneurs can navigate through adversity.
Explore the Herth Solutions Digital Library today to find the knowledge, templates, and tools that can keep your business— and mission— advancing. Your journey as a veteran entrepreneur is just beginning, and it is filled with exciting possibilities ahead.
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