When your military career comes to an end, it's time to start thinking about what your future is going to bring. You'll need a new career to pursue. As you start considering your path, one thing you should think about is how you can transition your military career into something that will make your future more successful. One way to do this is by starting a veteran-owned construction business. Here are a few reasons why you should consider this.
The VA Prioritizes Veteran-Owned Businesses
Whether it's for building homes, repairing VA buildings, or any other work, the VA will prioritize bids from veteran-owned businesses as they award their contracts. This means that, as a veteran-owned construction business, you have a good chance of securing work through your local VA office. This provides a secure option for ongoing work.
The Government Requires Contracts With Veteran-Owned Businesses
The federal government has certain quotas that they have to meet to ensure diversity in contract distribution. From minority-owned businesses to veteran-owned businesses, the government must award a certain percentage of contracts to these businesses every year.
That means that you're facing less competition with a requirement for contracts to go to a business such as yours each year. When you are growing a new business, opportunities like this are ideal because they ensure that you have access to work since there will be some guaranteed contract awards to companies like yours.
Many Larger Companies Opt To Subcontract To Veteran-Owned Businesses
For many larger construction companies, it's common to subcontract work out for major projects. When they do, veteran-owned businesses are often at the top of the list for their contractor choices. In most cases, those contracts require that the contractor incorporate smaller businesses and veteran-owned businesses in their subcontractor choices. That requirement gives your business a great opportunity to secure a contract with larger businesses to work on their projects when your company is too small to land contracts like that on your own.
The more you understand about how you can launch and operate a veteran-owned construction business, the easier it is to see why this is a great opportunity for returning veterans. If you are looking for a way to secure your future as you plan your exit from the military, consider the possibility of launching a veteran-owned construction business. The information here shows you what makes this a great option for any veteran looking to build their future.
For more information about disabled veteran construction companies, contact a company like Traxx Construction