Starting a Business Without a Degree: A Guide for Recent Army Vets

What is a Good Initial Job for Aspiring Entrepreneurs?

One of the most important first steps for anyone looking to dive into the business world is to secure an initial job. Many individuals without a college degree often turn to sales, as it forms the backbone of every successful business. However, sales isn't just about pushing products; it's about understanding the market and identifying the needs of potential customers. If you've recently left the military and are looking for a foot in the door, here are some insights to help you navigate your new career path.

Starting with What You're Passionate About

Choosing a career, especially an entrepreneurial one, should align with what you enjoy doing. Long hours and high stakes in a business environment can be challenging, so it's crucial to focus on something you're passionate about. For instance, if you have a background in designing, you might find satisfaction in creating innovative solutions for the construction industry. However, you should also consider the current state of your chosen field and envision its future. The construction industry, for example, may be outdated by decades, but there are always new opportunities for improvement and innovation.

Utilizing Your Military Experience

There are valuable skills that you can leverage from your military experience. These include quick decision-making, teamwork, and adaptability. You can channel these skills into starting a small security firm, providing essential services that meet daily needs like food and safety. Your experience in the military can also give you a competitive edge in customer service and operations, helping you excel in roles that require these qualities.

Tips for Finding the Right Initial Job

Consider Relocating: Moving to an area with a low unemployment rate can significantly increase your chances of landing a job. For instance, Salt Lake City, Utah, currently has an unemployment rate of about 3.5%. This can be a beneficial move if you're looking for work and want to bolster your resume. Identify Your MOS: If your military occupation specialty (MOS) is relevant to any civilian job, it can be easier to transition into a similar role. This can help you quickly integrate into the workforce and build your career.

Maximizing Your Time and Resources

Once you have a stable job, the next step is to start working on your own business. Consider moving to a city with a thriving tourism industry, such as a resort area in a major city. Working at a resort for three 12-hour nights can provide you with numerous benefits, including free meals, full health insurance, and discounted or free room nights anywhere in the world. This allows you to focus on your entrepreneurial endeavors during the remaining days of the week without financial stress.

Spending four days a week working on your business allows you to reinvest any profits into your venture, building it up over time. This strategy helps you avoid debt and gives you the time and resources to explore various business ideas without the immediate pressure of financial strain. This approach not only aids in your business growth but also helps you identify which ventures hold the most potential.

Pursuing Your Passions

Pursuing your dreams is often the key to unlocking success in the business world. When you start with a passion, the motivation to succeed becomes stronger. Don't settle for a job you dislike just because it pays you a salary. Instead, focus on finding something that excites you, even if it doesn't come with a paycheck at first. As you grow and hone your skills in a field you love, the financial rewards will naturally follow.

Remember, failure is not a setback when you're pursuing your dreams. It's a valuable lesson that brings you closer to your goal. Embrace your ambitions and take your time to refine your approach. The journey may not always be smooth, but the satisfaction and fulfillment you'll experience will make every step worthwhile.