For the month of May, as we head into Memorial Day, the Small Business Matters blog will feature a series of posts highlighting military veterans who went into business for themselves. We’ll ask them about making the transition from military to small business, what challenges they faced, and how their career in the service prepared them to run their own small businesses. Many veterans are attracted to military service because of world travel and learning opportunities. With permanent changes of station (PCS) and the responsibility of mobilization at a moment’s notice, active duty veterans will likely have visited several other countries before retiring or transitioning from the military. On these assignments, troops will find themselves in unfamiliar territory, unable to speak the language and often surrounded by people and cultures they do not understand. One such veteran immersed himself in the culture of his station in a foreign country and came back to the States inspired to build a business. Raised near Niagara Falls in an Italian/Polish community, Michael Signorelli grew up around good food and already considered himself a “foodie”. When he joined the Navy, he was offered an assignment working with NATO in Naples, Italy for 3 years.  He imagined he would be enjoying a glorified version of the food he grew up eating. He realized immediately that “true Italian food from the motherland is wildly different from Italian American food”. For 14 years, Signorelli worked in administration, finance and personnel in the Navy. For his last 10 years, he was commissioned as a Limited Duty Officer. These assignments instilled business organizational skills and taught him how to train and lead people, skills that would be necessary for his future business. He’s currently running a successful Neapolitan pizza restaurant in Virginia.       What did you like the most about being in the military? “I cherished every single tour of duty because I was able to learn something in every place I went and every job I had. Most of it was good. My approach was to learn something from everyone. Naples was my best tour. Who knew that tour would develop what I would do post-retirement? It would have been something along the lines of Italian food but if it wasn’t for Naples, I wouldn’t have even tried it. My second best tour was Djibouti, Africa. Our goal was to win the hearts and minds of the people to keep Somali warlords from setting up terrorist camps. I saw people struggle and build houses out of rocks - stacked them like you’ve never seen them stacked before…. Because of that time, I don’t like to waste things. It was rewarding and when I think I’m having a bad day or my kids or employees think something is challenging, I bring those moments up as teaching moments. If you don’t have the opportunity to see that, you’d never know. I worked with remarkable people that influenced me and made me a better leader and groomed me to be an entrepreneur. It gave me the tools, the exposure and diversity of the jobs. The Navy prepared me in a way that Harvard Business school couldn’t have. I loved every minute of it. I still interact with people in the Navy.  We work hard but the payback is in experience. You can’t always be compensated in money.” What inspired you to make the transition to entrepreneurship? “Pizza making is a respected craft in Italy. It’s ingrained in their life, runs in their veins. When you show interest, they want to share their story. In Naples, even through the language barrier, I learned ‘survival Italian’ so I could learn everything I could about Neapolitan food and pizza. My lifelong dream was always to open a restaurant. I went through the rest of my Navy career always looking for that pizza. We ended up getting stationed near Buffalo, NY. We missed it so much we tried to get back to Italy, but we couldn’t, so we took a tour in Sardinia.  I learned more about that unadulterated island where farmers and winemakers work into their 60s and 70s…. it’s just amazing. Back in states, we couldn’t find Neapolitan pizza unless we were going to New York City. I decided I’d one day open a Neapolitan pizzeria.” Tell us more about your business. “We decided, after I ended up in VA (after 14 years in the navy), we’d build a wood-fired oven in our backyard. We started cooking pizzas for ourselves, entertaining neighbors and friends. It was great practice. When we started thinking about retirement from the Navy, about 3 years before, I discovered a company in Colorado who was building wood-fired ovens on trailers – like a food truck -  built to last for 10 years. For our $19,000 investment, we could test the market in Virginia to see if Neapolitan pizza would take off. We started doing small catering gigs and the popularity soared. We were requested to do corporate events, big weddings, local city events in the park… The craziness started but we still had full time jobs. My wife was permanent substitute teacher and I was still in the Navy. Evenings and weekends were spent doing these mobile events. It was a great platform and great training. We tested the market and got out of it what we wanted. Then it was time to hang it up in the Navy and enter this restaurant idea. It wasn’t easy to graduate this idea, but we weren’t exposed to Mother Nature anymore. Wind messes up tents or temperatures can ruin a party, but when you’re committed to a private event, you do it. Working in a restaurant was easier but it was a big learning curve. We worked our butts off and plowed to that goal. Now it’s 3 years later. We got rid of the mobile oven - we wanted to keep it but we sold it because the restaurant was keeping us so busy.” Michael and his wife opened Bella Vista Pizzeria in September 2015. What is the greatest thing about being a small business owner? “That dream I had to start a restaurant? I get to walk in that door every day and see it and touch it and live it and there’s nothing more special than that for me. And to be able to give back. I support special programs here locally. It’s great to be in a position to be able to live off of something you created and be able to help people in a small way, like delivering pizzas, one of the most favorite foods in America, on National Pizza Day to a food bank. So rewarding. “ What is the hardest thing about being a small business owner? “In the military, we’re constantly faced with ‘you gotta do more with less’ and ‘get the job done’ mentality. And you usually do get the job done. Then you start your own business and suddenly… remember what I did in the Navy? My job was to be somewhat organized and now I’m having to order food and track inventory. The mobile business was easy for me to track everything and now I’m doing pest control, dishwashing, ordering food from different sources, wine, beer, payroll, and suddenly I was completely disorganized. I woke up one day, 3 months behind in reconciling, leading up to doing my taxes, and I’m in there doing business and making pizzas. I had to learn that I couldn’t do everything. I had to leave some things to the professionals. I freed my time up by paying a fee for an accounting service and payroll service and that lifted an incredible burden on me and allowed me to focus on training of staff and execution of day-to-day operations. I suddenly couldn’t do everything. I was, for the first time in my life, overwhelmed. Of course, my wife helped but we were both overwhelmed. We really loved it, and we were good at it. We had to learn to get good at other stuff or get help with it.” Did you tap any Government programs to help launch your business? “No but I tried to. I banked forever with Navy Federal. I didn’t pursue any venture capitalist or loan programs. I went to the bank I’d went to for years. I first asked for $80,000 to help. They looked at my business plan and they told me no, they’re not a business-centric financial institution. They rejected the $80,000 but favorably endorsed me for a government small business loan with the SBA. SBA came back a month later and said they were unable to back a ‘mom and pop’ restaurant because the rate of failure is too high. So, my loan officer at Navy Federal went back to the folks in D.C and got me a $35,000 loan, which was helpful. I funded a majority of the business out of savings.” Could more be done to help Veterans go into business for themselves? “There are a lot of programs out there – I’ve looked at some – but there’s a lot of bureaucracy. Sometimes it could be made so hard. For me, when I got rejected by the largest government-backed organization, I felt like the smaller programs wouldn’t help.” For fun, can you tell us what makes Neapolitan pizza different? “Did you know that Neapolitan pizza just won Unesco’s Cultural Gift to Humanity? The Vera Pizza Napoletana Association governs that Neapolitan pizza is always done the right way with only fresh ingredients, a certain type of flour, a specific type of tomatoes and cooked in a 900-degree oven for 90 seconds. The crust is charred and the toppings soupy. It’s like no other pizza you’ve ever tasted and it’s not a pizza you can take to go. If you’re ever in Virginia, stop by and give us a try!” Watch Bella Vista's Small Business Story, courtesy of Navy Federal Credit Union

  For the month of May, as we head into Memorial Day, the Small Business Matters blog will feature a series of posts highlighting military veterans who went into business for themselves. We’ll ask them about making the transition from military to small business, what challenges they faced, and how their career in the service prepared them to run their own small businesses. A 2017 Small Business Association report on Veteran-Owned Businesses states that over 2.5 million businesses in the United States are majority-owned by veterans. Nearly all were small businesses, and over half were based out of their homes. While on active duty, many veterans faced situations where they had to be hardworking and resourceful. They’re driven and often fearless leaders who have traveled the world and learned how to work in uncomfortable environments. Many discovered their passion during their time in the service while others found that starting their own business fit their mobile lifestyle. Today we’ll hear from one veteran entrepreneur who drew from her military training to overcome a professional setback, and how the military prepared her to be an entrepreneur.   Sarah Stahl is a mother of 3 children who served in the Army as a Finance Specialist for 3 years. While enlisted she met her husband of 16 years, Daniel, and for the next 12 years, she has been a military spouse. They are still transitioning to civilian life after leaving the military 2 years ago. Stahl discovered her entrepreneurial spirit in high school. She didn’t have a desire to go to college because she didn’t feel like it was a good fit for her. The military was appealing for training and the ability to travel the world. After leaving the military to raise her children, she tapped into her restless entrepreneurial spirit and began creating and selling wedding invitations on the e-commerce site for handmade items, Etsy. Selling on Etsy allowed her to work from anywhere and remain home with her young children. It was a chance encounter through the website that led her to meet the person who would become her business partner. “I had an unusual request for a World of Warcraft wedding invitation, with the bride and groom’s faces built into the invitations. I asked on an Etsy forum for anyone who could help and Merrilee answered.” Together they started taking on personalized requests for wedding invitations and built their first business together, Paper Perfections. As Stahl and her business partner worked closely, and over the internet, they became like sisters. Their friendship led to the creation of their current company, Avant Creative. What did you like best about the military? “World travel & the tight-knit comradery that I have yet to find outside military life. I’m only 36 but my time on active duty (3 years) and as an active military spouse (12 years) I already feel like I’ve lived a whole life. The business venture I’m working on now is a chance to live a second life.” Sarah is also finishing up a masters degree, thanks to her time in the military. How did the military prepare you for entrepreneurship? “I learned about leadership, integrity, and having a DON’T QUIT mentality.” Sarah and Merrilee finally met in person last fall and a month later, Merrilee passed away suddenly. Stahl is still recovering from the loss. Transitioning out of the military, moving to a different place every few years, and running an online business means that Stahl often felt very isolated. “Merrilee was my crutch,” Stahl says, “But I’m independent. I can’t go back to work.” Stahl made the very difficult decision of continuing the business without her friend, “There were 4 of us in total but she knew the other two partners better. Out of necessity, we’ve had to band together to get a hold of things. We’ve had to go through this crisis together so we’re moving towards a partnership.” Business is growing and they’re considering a legal partnership. Although there are still decisions to be made, Stahl is looking forward to growing Avant Creative. What is the hardest thing about being a small business owner? “Probably the fact that there isn't anyone to fall back on. I constantly feel like I'm out on a limb, recreating the wheel. It causes stress in all areas of life and makes me question if what I'm doing is the best path for life.” What is the best thing about being a small business owner? “My schedule. My husband and I have 3 kids and it's invaluable to be able to adjust my work schedule, however, I need to in order to both support and be available for our children.” Did you look into government programs or funding for your small business? “I looked into getting a startup business loan but I’m nervous about funding and interest rates. I’ve been bootstrapping the business, using whatever cash I have on hand. I was looking for funding for a solid brick and mortar, but the debt scares me. I do want to invest in the business and keep growing but I’m not sure if I should go to an investor or get funding. There are still a lot of decisions to be made.” To drive awareness for Avant Creative, Sarah uses social media extensively. She hosts a weekly “Reinventing Marketing” session on Facebook live, where she shares marketing tips and best practices.  She also writes articles and posts videos on LinkedIn where she talks openly about the challenges being an entrepreneur.  Her approach to LinkedIn is to establish a professional brand which leads other entrepreneurs to her marketing services. With young children, a growing business, and finishing up an advanced degree, there’s no question that Sarah Stahl’s time in the military has helped her to step outside of her comfort zone. Hardworking, resourceful entrepreneurs benefit from the military training and experience and Stahl is no exception.

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Building and maintaining a strong business credit report takes time, and good fiscal discipline, but many business owners don’t know where to start on their road to establishing business credit. Business credit reports less regulated than consumer credit Business scoring is much less regulated than consumer credit scoring. The process of scoring your business is much more complicated and less clear than the consumer scoring process. For example, additional factors that can impact business risk models include the number of years a business has been operating and its industry type. Don't assume you have a business credit score Just because you have a business, don't assume you have a business credit score. Credit bureaus require a minimum amount of information before they can generate a report and score for your business. To establish your business credit history, encourage your vendors to report your payment history to the business credit bureaus. Many credit bureaus can provide you with information on suppliers who report to them. Keep business credit and personal credit separate Next – let’s talk for a moment about separating your personal and business credit. To build strong business credit, don't rely on your personal credit rating to finance your business. If your business becomes at risk, so will your personal credit score. Keep in mind that many creditors are now looking at scoring tools that consider both personal and business credit to predict small business risk. Business credit reports available to the public It is not widely known that access to business credit scores and reports is not as restricted as personal credit reports. Business credit reports are available to the public, and anyone - including potential lenders and suppliers - can view your business credit report. This makes it imperative to monitor your business credit score and report in an ongoing manner. Also - You can proactively manage your business credit score. Ensure your vendors are reporting your business payment history, and monitor your business' credit on a regular basis. For more information on business credit resources, plus articles and tips on this subject, go to BusinessCreditFacts.com. Learn more about establishing business credit by viewing our series of Business Credit Facts videos.  Remember to subscribe to our channel for ongoing updates.