March 11, 2013 // Franchising.com // Military veterans with entrepreneurial dreams compete for start-up money to open their own business through Signal 88 Security’s contest, Operation American Dream: From Battlefield to Boss. The first round of monthly finalists can now be seen online at http://www.signal88.com/OAD-February-Finalists.aspx. Voting for this round will continue through the end of March.
Representatives from Signal 88 Security selected the three finalists based upon 500-word essays submitted at www.signal88.com/OperationAmericanDream. They were chosen for their desire to open their own businesses. A public, online vote will determine which finalist will receive a $500 prize and will become a semi-finalist, with the chance to win the Grand Prize: $5,000 in start-up money to launch their business. The prize money doubles to $10,000 if the winning veteran chooses to open a Signal 88 Security franchise.
According to a May 2011 study from the Small Business Association Office of Advocacy, veterans are at least 45 percent more likely to take the plunge into entrepreneurship than people with no active-duty military experience.
“Signal 88 Security is a top employer of military veterans,” said Reed Nyffeler, CEO and co-founder of Signal 88 Security. “We were named on the G.I. Jobs list in 2012 among the top 10 percent of the nation’s franchises that are doing the most to recruit military veterans.”
In 2007 data from the U.S. Census Bureau – the most recent statistics available on the subject – veterans owned 2.4 million businesses, or 9 percent of all businesses nationwide, generating $1.2 trillion in receipts and employing nearly 5.8 million people.
“Veterans possess many of the traits needed in entrepreneurism,” said Nyffeler. “Their leadership, teamwork and problem-solving skills are second-to-none, in my experience.”
There is still time for interested veterans to apply. The next deadline for submitting an essay and video to be considered among the next round of monthly winners is March 15, 2013. Subsequent deadlines are on the 15th of each month, with the final deadline on May 15, 2013.
To learn more about Operation American Dream: From Battlefield to Boss, visit www.signal88.com/OperationAmericanDream.
SOURCE Signal 88