How Veteran Entrepreneurs Can Fund Their Business (PS008)
Meet Mark Rockefeller
Mark Rockefeller served in the Air Force. He then transitioned to the Judge Advocate General Corps and served in Iraq. While in Iraq, Mark represented U.S. interests in Iraqi courts. After transitioning out of the military, he worked on a micro-finance project in Africa.
Mark’s been featured in Forbes, Bloomberg Businessweek, the Washington Business Journal, INC. Magazine and Entrepreneur Magazine.
He holds a degree in finance — has an MBA and law degree.
I met Mark at 1776, an entrepreneur-hub for startups in Washington D.C.
StreetShares funds the next great generation of veteran entrepreneurs.
- RallyPoint: RallyPoint’s the world’s largest professional military network. Signup for Free and start making valuable life-long connections.
In this episode, Mark answers:
- What was 1 mistake you made when starting your business?
- What’s 1 challenge you’re experiencing right now running your business?
- What’s 1 thing you’re doing really well as a founder?
- What’s the best piece of business advice you ever received?
- Who would be a good fit to invest in veteran entrepreneurs?
- What happens if a veteran entrepreneur is unable to pay back their small business loan?
- What are your thoughts on competition?
- If a veteran entrepreneur is transitioning out of the military and has an idea to start a business, what’s an actionable tip they can do right now to help them get started?
Key Topics discussed:
- Funding marijuana business owners
- The importance of getting to a Minimum Viable Product (MVP) when starting your business
- The worst mistake a veteran entrepreneur can make when starting their business
- The great opportunity for veteran entrepreneurs to get funding for their small business loan
- Why banks are turning down small business loans
- The importance NOT leaving your day job (at first)
- Trello: Project/Team management tool. Mark uses it to compare and prioritize tasks for his team.
Deliver more than expected. ~ Larry Page, Google
- Download The Lean Startup by Eric Reis on Audible for Free: Reis was a student of famous veteran entrepreneur, Steve Blank. Reis covers why most startups fail. And the new approach that entrepreneurs need to take when starting their businesses.
- Download Breaking Banks by Brett King on Audible for Free: Covers the who, what, when, where, and why of the latest concepts, tools, and approaches in banking.
- Find Start Something That Matters by Blake Mycoskie on Audible for Free: Founder of TOMs talks about why you don’t need a lot of money, a complicated business plan, or a great deal of experience to get your idea off the ground. “What you absolutely must have, however, is the courage to take that first bold step forward.”