logo
g Text Version
Beauty & Self
Books & Music
Career
Computers
Education
Family
Food & Wine
Health & Fitness
Hobbies & Crafts
Home & Garden
Money
News & Politics
Relationships
Religion & Spirituality
Sports
Travel & Culture
TV & Movies

dailyclick
Bored? Games!
Nutrition
Postcards
Take a Quiz
Rate My Photo

new
European Travel
Action Movies
Bible Basics
Houseplants
Romance Movies
Creativity
Family Travel


dailyclick
All times in EST

Clairvoyance: 08:00 PM

Full Schedule
g
g Veterans Site

BellaOnline's Veterans Editor

g

Get Money for Your Veteran-run Small Business

Guest Author - Evelyn Rainey

Do you need special training before you can start your own small business? What if you’ve got the training but not the money to open the business or expand one you’ve started? Consider using your Montgomery GI Bill education benefits to pay for them.

You can also be reimbursed for licensing and certification tests which you took after March 2001. Plus, MGIB can cover tutoring and work-study benefits as well as provide information on franchises and other business opportunities.

The MGIB is available for both Active and Reserve veterans and must be used within the ten years after leaving service, but this article speaks directly to the Active veterans.

There are four categories to establish eligibility based on entry into and/or separation from active duty. All who seek eligibility must have received a “fully honorable” discharge, as opposed to “under honorable conditions” or “general”. Also, all who qualify must have completed high school or obtained an equivalency certification or completed twelve hours toward a college degree.

Restrictions for use of your MGIB are many, but basically fall under:
Quality of the course – has to be an accredited program and facility, or taught by the Small Business Development Centers or the Veterans Corporation
Purpose of the course – has to lead directly to a degree or occupation
Status of the student – student cannot be adjudicated or a fugitive

Know what you want and work to achieve it. You may only change your program once and you must maintain your school’s standards by way of grades, attendance, and conduct.

The frequency and rate of payment are based on the type of training you want, so make sure you have checked with your Education Service Officer to establish just how much and when you will receive your money. That way, you can be prepared for out of pocket expenses plus take into account any other funding you may be entitled to.

Of course, the MGIB can also be used to earn a Bachelors degree, as well as a Masters and higher.

You are your own best advocate – initiate the contacts necessary to begin this process, keep good records of your finances, make copies of everything - including your grades, ask questions if you don’t understand something or it didn’t come out the way you expected. In short, run your MGIB-funded training the way you will run your business. Begin networking with fellow students and instructors – you never know when they may be in need of your business services and people are 85% more likely to hire a face they recognize than a stranger. Once you have established your veteran-run business, continue networking – register with the Veteran’s Vender Information pages database.

I’ll hire a veteran over a stranger any day!


This site needs an editor - click to learn more!

Add Get+Money+for+Your+Veteran%2Drun+Small+Business to Twitter Add Get+Money+for+Your+Veteran%2Drun+Small+Business to Facebook Add Get+Money+for+Your+Veteran%2Drun+Small+Business to MySpace Add Get+Money+for+Your+Veteran%2Drun+Small+Business to Del.icio.us Digg Get+Money+for+Your+Veteran%2Drun+Small+Business Add Get+Money+for+Your+Veteran%2Drun+Small+Business to Yahoo My Web Add Get+Money+for+Your+Veteran%2Drun+Small+Business to Google Bookmarks Add Get+Money+for+Your+Veteran%2Drun+Small+Business to Stumbleupon Add Get+Money+for+Your+Veteran%2Drun+Small+Business to Reddit




RSS | Related Articles | Editor's Picks Articles | Top Ten Articles | Previous Features | Site Map


For FREE email updates, subscribe to the Veterans Newsletter


Past Issues


print
Printer Friendly
bookmark
Bookmark
tell friend
Tell a Friend
forum
Forum
email
Email Editor


Content copyright © 2014 by Evelyn Rainey. All rights reserved.
This content was written by Evelyn Rainey. If you wish to use this content in any manner, you need written permission. Contact BellaOnline Administration for details.

g


g features
Army Infantry Iron Man Suit is a reality

Sad Sack

A Salute to our Veterans

Archives | Site Map

forum
Forum
email
Contact

Past Issues
memberscenter


vote
Poetry
Daily
Weekly
Monthly
Less than Monthly



BellaOnline on Facebook
g


| About BellaOnline | Privacy Policy | Advertising | Become an Editor |
Website copyright © 2014 Minerva WebWorks LLC. All rights reserved.


BellaOnline Editor