3 Things You Should Know About Small Business: July 13

Make your team Olympics-worthy by following strategies such as setting BHAGs (Big Hairy Audacious Goals), then work to achieve those goals. Motivate your employees -- beyond just the sales team -- to exceed at their jobs. At the same time, be sure to take the time to be a resource for your employees, mentoring, coaching and teaching them what you know and what they don't.

Then "get out of the way," the article says, because "at some point your team members will begin to push you. ... Their ideas are faster, better, easier to implement than yours. Their knowledge of your product, of your customers, of your systems is deeper, richer than yours."

3. SBA partners with The Marine Corps. to introduce military veterans to entrepreneurism. Expanding on a pilot program from this spring, the Small Business Administration is launching its Operation Boots to Business to open another avenue for returning service men and women and veterans to find work -- by opening a small business. The program provides resources and training on entrepreneurism for the returning soldiers through an "in-person, basic entrepreneurship course followed by an optional eight-week online business planning course provided by Syracuse University," and other resources, according to The Washington Post.

Unemployment amongst military veterans far surpasses that of the national average, which currently stands at 8.2%. Young veterans in particular are struggling to find jobs, with the rate of unemployment for the age group exceeding 30%, the Washington Post article indicates.

-- Written by Laurie Kulikowski in New York.

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