In This Issue:
- Message from Managing Director, Noah Harris
- Veteran Company Spotlight: Fair Game
- Advising Corner: Build Accounting Systems Early
Friends,
At Veteran Launch we know how well military service translates to entrepreneurship. The Task and Purpose article “8 Things the Army Taught Me About Running A Small Business” reminds us that “A good plan today is better than a perfect plan tomorrow”. The importance of preparation is something that we see in the companies and veteran entrepreneurs we support.
When thinking about financing for your small business, whether it’s a bank loan, investors, or a loan from an alternative lender like Veteran Launch, preparation is paramount. Whether it’s Terry Watts, owner of Fair Game in Sacramento, preparing a marketing plan to enhance sales and retain customers or Kanitha Matoury, owner of Spice Monkey in Oakland, advising entrepreneurs to plan for revenues before they come, we see a strong pattern of preparation among veteran small business owners. We help our clients prepare for the lending process and are here to help support you as you prepare for your business to start or grow.
We’re excited to share a profile of a company we recently funded in Sacramento and some accounting tips to help your business prepare for growing revenues.
As always, thank you for helping us spread the word about Veteran Launch and for your continued service to our communities as small business owners.
Noah Harris
Managing Director, Veteran Launch
Meet Our Clients: Fair Game
Fair Game in Sacramento, now owned by Marine Corps veteran Terry Watts, celebrates retro games with an enthusiasm that keeps their customers coming back. Their website introduces the business: “Think back to the days of your youth: the countless hours spent guiding Link through Hyrule in order to save Princess Zelda or your quest to save Princess Toadstool in the Mushroom Kingdom. Life was a bit more carefree back then, a bit more fun, and games like the Legend of Zelda and Super Mario Brothers helped make it so.”
Advising Corner:
Build Your Accounting Systems Early
We often ask our clients what do you wish you would have known as you were starting that you know now? This month, Kanitha Matoury, owner of Spice Monkey, anOakland-based, veteran-owned restaurant-market-bar told us: “Some people think that your accounting system comes later as you develop your business, but I recommend establishing it early. Good accounting practices enable you to make more informed choices as you work to get your business off the ground.”
For help reviewing your financials, identifying areas for opportunity in your business, or for accounting support, please contact the SBDC. We’re proud to host the SBDC and the incredible team of advisors that support small businesses.
