Hi this is Pete Blum bringing you another episode of the Veteran Connections Podcast where my mission is to help transitioning Veterans and Veterans already out of the military engage with the business community, and to share the knowledge and tools needed to successfully start a business. The Veteran Connections Podcast brings you experience and advice from fellow Veterans who are business owners and have made the transition from the military and into the business community.
There are Veterans transitioning out of the military every day. Some of them have an idea or a passion that they want to turn into a business. Having the right connections can be the one thing that makes the difference between a success or a failure. In this Veteran Connections Podcast I will be talking to Veteran business owners about what steps they are taking, the hurdles they have ran into, what advice they have for you, and what they hope life will look like a few years from now. With these real life interviews and real life results you can gain the expert knowledge from those that have been there. From your military brothers and sisters.
Today’s guest is Todd Cochrane. Todd is the CEO of RawVoice and Blubrry. Todd is also a Navy Veteran who after serving for 24 years and retiring as a Senior Chief has his own very successful business.
Todd is additionally a fellow podcaster and I recently had the privilege of meeting him at Podfest 2017, the Podfest Multimedia Expo in Orlando Florida. Todd founded the People’s Choice Podcast Awards and was also inducted into the Podcast Hall of Fame in 2015. He also wrote the first book on podcasting.
In this episode Todd gets real and breaks down his business and how he got started. Todd gives us a different perspective since he started his business while still in the military. Learn some great startup knowledge as Todd tells his story, you will even get a little relationship advice in this episode!
You can follow Todd here
Transition from the military
Tell us a little more about your company
How did you start your business?
Did your military experience and training help prepare you to be a Veteran business owner?
What were some of your concerns when starting your business?
What were some of the challenges you faced getting your business started?
What is the key to the success of your business?
Do you think your military experience is responsible for the success in your business or are there other things you had to apply and learn along the way?
Are you going to be able to use your business in some way to either help or hire other Veterans?
What is the one most important thing you have learned since starting your business that you can share with other Veteran business owners?
For transitioning Veterans wanting to start their own business what action items would you give them?
In this episode with Todd we heard some great advice you can take advantage of on your own vetrepreneur journey!
- Using tools like GoToMeeting and Slack
- Plan a yearly team retreat (strategy session) if your core team is spread out over great distances
- Financing can be very difficult for a small business so find a funding source
- Understand the commitment and dedication required to succeed, you will have to work long hours
- Keep an eye on the competition and watch for shift in the marketplace, Todd uses monitor.com
- Have a passion for what you want to do and it will make a difference when things get hard
- Make sure your spouse and kids are on board since they are impacted as well
The Veteran Connections Podcast provides advice from Veterans for Veterans. A lot of people like you and me that have been through the military have the same thoughts and a lot of the same questions. We may have even had the exact same struggle. I hope you find some answers as you go on this Veteran Connections journey with me where we will learn, explore, and get answers to your questions.
Another great resource for Veterans wanting to start their own business is the Small Business Administration (SBA)
If you need more information or want assistance implementing one of the things you learned about today you can contact me. I can teach you techniques and strategies to help you connect and network in the business community so you can reach your personal or professional goals. Email me at firstname.lastname@example.org and let me know how I can help you!
I hope that you have enjoyed this podcast episode and if you have a burning question that you would like to get answered by an experienced Veteran business owner about starting your own business go ahead and email me. I will be sure to answer it in a future episode!
Thank you for listening! -Pete