Participants to converge on campus July 25 – Aug. 1 for intensive eight-day residency to learn the ‘nuts and bolts’ of business ownership
SYRACUSE, N.Y. (July 23, 2015) – The results are in for graduates of the national Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) program:
• 1,191 EBV graduates are well on their way to becoming entrepreneurs;
• $196 million (and growing) in revenue has been generated by EBV graduate businesses;
• 68% of EBV graduates have started their own businesses; 92% of those are still in business today;
• 1 out of every 4 EBV graduate businesses grosses over $100,000/year
• 4.72 – The average number of people employed by an EBV graduate
• EBV graduate businesses currently employ 1,886 people
Twenty-one disabled veterans will converge on the Syracuse University campus on Saturday, July 25, to expand on the traits (resilience, focus and leadership) they developed in the military, and learn the basics of business ownership duringthe 10th Barnes Family Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) at Syracuse University. The EBV runs through Saturday, August 1.
Hosted in partnership between the Institute for Veterans and Military Families at Syracuse University (IVMF) and the Martin J. Whitman School of Management, the EBV helps post-9/11 veterans with service-connected disabilities develop skills and tools needed to launch and maintain successful businesses.
EBV is a three-phase program, beginning with a three-week online instructor-led course. Participants have already begun to shape business plans and learn business language during the online phase. During the second phase, participants will complete an intensive nine-day residency at Syracuse University, learning the “nuts and bolts” of business ownership from established entrepreneurs and educators. Following the residency, EBV graduates will receive access to a year-long support and mentorship program through the EBV Technical Assistance Program.
The opening ceremony, to be held on Saturday, July 25, from 6-9 p.m., in Flaum Grand Hall in the Whitman School of Management, will feature a keynote address from Mr. Ted Lachowicz, serial entrepreneur, and president and founder of the EBV Foundation.
Lachowicz is a private equity investor and entrepreneur, specializing in real estate and venture capital. Lachowicz, a Syracuse University alumnus, is the founder and president of the Entrepreneurship Bootcamp for Veterans Foundation – an organization that supports the national EBV program and provides assistance and mentorships to disabled veteran entrepreneurs to help them start and build their own businesses. He is a member of the Advisory Board for the Whitman School of Management and the Executive Committee of the Athletic Policy Board at Syracuse University. Lachowicz earned a Bachelor of Science degree in accounting from Syracuse University and is a non-active Certified Public Accountant (CPA) in Florida and California. Lachowicz was awarded a scholarship and lettered three years in the football program at Syracuse University. He currently lives in Las Vegas, Nevada.
NAVY veteran Daniel Piston, of Syracuse, N.Y., is looking forward to participating in EBV this week and welcomes the 8 days of entrepreneurship training. A rescue swimmer in the NAVY, Piston has a passion for health and fitness and seeks to open and operate a CrossFit gym and fitness center.
“Participating in the EBV has been a great experience so far,” shares Piston, who also serves as vice president of Syracuse University’s Student Veterans Organization. “It has allowed me to focus on how to operate a business, which has taken me from dreaming of owning a business to now knowing how to do it. At the same time I already feel the camaraderie from the other veterans that I felt when I was still in the military. I am excited to be around other veterans chasing their dreams as entrepreneurs.”
Throughout the week, Piston and other EBV participants from Illinois, Kansas, Kentucky, Maryland, New York, Ohio, Pennsylvania, Texas, Virginia, and as far away as Norway and the Cayman Islands, will engage in coursework and attend classes on the following topics:
• The Entrepreneurial Experience
• Developing an Entrepreneurial Strategy
• Introduction to the Venture Pitch
• Orientation to Business Research
• Introduction to the Business Plan
• Operations and Your Operating Model
• Financing Your Venture
• Understanding the Numbers: Accounting for Small Business
• Taxes & Business Strategy
• Building Your Personal Brand
• Supply Chain and Logistics Management
• Leveraging Technology to Launch & Grow Your Business
Graduation and closing ceremonies will be held on Saturday, Aug. 1, from 6-9 p.m., in Flaum Grand Hall in the Whitman School of Management, and will feature comments from Mr. Marcus Spears, college analyst with the SEC Network and ESPN, former All-American defensive lineman for Louisiana State University (LSU), and NFL defensive lineman with the Dallas Cowboys and Baltimore Ravens.
Spears will speak about his career transition from football player to media, focusing on the need to re-brand himself as a professional analyst. This experience will allow him to connect with our veterans, who are experiencing similar “re-branding” opportunities as they transition into new careers and ventures.
The EBV program was launched at Syracuse University’s Martin J. Whitman School of Management in 2007. Since the original class, the IVMF has expanded EBV to nine additional universities throughout the United States. Assistance from the U.S. Small Business Administration (SBA), corporate partners and donors allows post-9/11 veterans and transitioning service members with service-connected disabilities to attend the program cost-free.
“The numbers speak for themselves with over 1,100 EBV graduates since 2007 and nearly 70% of them having launched or grown their venture since completing EBV,” said AJ Florkowski, EBV National Program Director. “Being a veteran myself, I find it immensely rewarding to see my fellow veterans harness their potential, gain knowledge and confidence, and transform their aspirations of business ownership into reality.”