Goal: Creating 20 Million Jobs By 2020

Jobenomics - Goal: Creating 20 Million Jobs By 2020

Jobenomics Veterans Center(s)

The Jobenomics Veterans Center (JVC) Initiative is designed to help wounded and combat veterans transition to the civilian workforce by providing training and financing to start their own Service Disabled Veteran Owned Small Business (SDVOSB) or Veterans Owned Small Business (VOSB) oriented to the skills that the vet learned during his/her tenure in the US Armed Services.

While publicly venerated for patriotism and service, veterans have a much harder time finding work than most citizens. Veteran unemployment rates have been consistently higher than average citizens.   While the job market is slowly improving for most Americans, it’s moving in the opposite direction for Iraq/Afghan vets.  Veterans, aged 18 to 24, have a 30% jobless rate, up from 18% a year earlier. For for black veterans, aged 18 to 24, the unemployment rate is approching 50%.   Returning combat veterans need a “hand-up” more than they need a “hand-out”.  More specifically, they need jobs, which are in short supply in today’s economy.  Combat veterans face even a more difficult challenge after being in austere conditions, many of whom face degrees of post dramatic stress syndrome and other combat related disabilities.  Of the 2.2 million Iraq/Afghan vets, 624,000 (28%) have filed for some sort of disability with the Veterans Administration.

JVC will focus primary on combat veterans (soldiers, sailors, airmen and marines) returning from Operation Enduring Freedom (Afghanistan) and Operation Iraqi Freedom (Iraq).  The goal of this training is to help veterans transition into civilian life via a 6-month business training and creation program.  JVC is designed to provide an environment that will address the challenges of a successful transition from combat to civilian life as well as helping the vet start a SDVOSB or VOB.    Successful creation of a SDVOSB or VOB will provide veterans their own company as well as making them more competitive in getting a job at an established company, whether on a full-time (W2) or a part-time (1099) basis.  Having their own company will also build confidence in their ability to function in the civilian workforce and greatly shorten the transition time from combat to workfare.  While accolades from the American public are extremely gratifying, providing meaningful employment opportunities are the highest form of appreciation for their service and sacrifices.

Via the Jobenomics movement, JVC has agreements with leading entrepreneurial, business development, academic, financial and veteran experts and networks.  JVC will use proven professionals, human resources personnel and college and vocational placement specialists to aid in the transition from military to civilian life.  JVC features wellness programs, social events, excursions and motivational speakers. By the end of the 6-month program the vets will have:

  • A thorough knowledge of business practices on how to set up and run a successful small business taught by successful entrepreneurs and leading instructors with expertise in small business creation and implementation.
  • An established SDVOSB or VOB with:
    • An Employer Identification Number (EIN), incorporation (S-Corp, C-Corp or Limited Liability Corporation), and the essentials to run a fully operating company (accounting systems, business plans, legal/regulatory, branding/marketing/sales, financing, etc.).
    • All vets will be supplied a computer with accounting, business planning and website/social networking systems.  Training will be also provided including how to obtain appropriate accounting (e.g., book keeping and CPA), information technology, and sales/marketing/ advertizing/branding support after graduation.
    • All registration/licensing completed in the state and municipality of their choosing.
    • Supplementary business systems (e.g., website, social networking, bank accounts, etc.) that will facilitate the promotion of SDVOSB or VOB growth.
    • Supplementary education while at the JVC, including.
      • Enrollment in an on-line learning course on other on-line universities to pursue continuing education and certification, which will be initiated and taught by qualified instructors while at the Center.
      • Access to micro-business coaching and micro-business financing from private sector sources during and after training at the Center.
      • A JVC certificate of completion from and any supplementary certifications from the academic organizations affiliated with the Center.
      • Potential classes with local accredited academic institutions.
  • Understanding on how to access US government grants, veterans set-aside funding and investment capital (debt and equity financing) from private sources (commercial banks, investment banks, and high net worth individuals/angel investors).  Jobenomics is in the process of setting up micro-business loans for the JVC similar to the $20 million micro-business loan program (loans ranging to $50,000 for qualified new businesses) that was initiated for the Jobenomics-Harlem program.  The Center will also work with municipal, state and the federal government to underwrite the new SDVOSB/VOBs.
  • Low cost business incubation facilities and/or offices at local industrial/business parks.
  • A network of entrepreneurial organizations and an on-going business support network.

The JVC, via the national Jobenomics team of entrepreneurs and faculty, has world-class instructors, small business entrepreneurs and big business leaders.  These instructors, entrepreneurs, business leaders are from prestigious academic, entrepreneurial networks (like the 20 year old CEO Space entrepreneurial network with a world-class faculty and a network of hundreds of thousands of small business leaders across the US) and Fortune 500 executives who are willing to volunteer to help returning combat veterans.  The leading aerospace and defense corporations have expressed an interest in working with the JVC to outsource work to these newly created SDVOSB or VOB.

JVC pilot projects are currently being targeted for locations in Massachusetts, Texas and Nevada.


Women-Owned Businesses

From a Jobenomics perspective, women are the greatest untapped asset in
America.  The women-owned business initiative is paramount in the Jobenomics 20 million new private sector jobs by the year 2020 campaign (20 by 20).

Jobenomics’ emphasis is on women-owned businesses, as opposed to women-in-business.  The US has approximately 18,000 big businesses, 6 million small businesses, and 22 million self-employed businesses.  While there is nothing wrong with women pursuing opportunities in big business, Jobenomics believes that most women will find greater opportunity and satisfaction by creating their own small, self-employed business, tailored to their individual lifestyles. In comparison, today’s highly competitive corporate workspace tends to require employees to conform to corporate culture, which can conflict with other roles women may juggle, such as caring for children or aging parents.

The 2010’s is certain to be the Decade of Women-owned businesses. (1) The Great Recession has encouraged many women to join the workforce, due to necessity or desire, of which many are college educated. (2) Male-dominated industries, like construction and manufacturing, aren’t likely to return to normal until the end of the decade. (3) Social norms are changing, allowing greater participation of women in business. (4) Many of the future service-related jobs, like elder-care, are likely to be dominated by women. (5) Women-owned businesses emphasize small businesses, rather than large, and are more likely to experience growth in the next decade. (6) The traditional “nuclear” families, with a male-head of household, have given way to households headed by women. (7) Most importantly, the rate of employment growth and revenue of women-owned businesses has outpaced the economy and male-dominated businesses for the last three decades.

Today, there are approximately 10 million women-owned businesses that employ 23 million direct and indirect employees, or 22% of the US private sector civilian workforce.  9 million women-owned firms are self-employed businesses without employees.  If each women-owned business hires one additional person this decade, 10 million new jobs would be produced.  This would equate to 10 million direct jobs—half the 20 by 20 goal.  The jobenomics effort intends to help create the conditions that will motivate and incentivize growth of women-owned firms.

Jobenomics is working with several leading women’s organizations (Women’s Information Network, Women’s Radio, and California Leading Ladies) to help define women-owned business initiatives in areas like direct-selling, direct-care, cloud computing, and women veterans’ small businesses.  The Jobenomics Community-Based Business Generators will feature a number of programs that will facilitate creation of women-owned businesses.

The Women’s Information Network:

Women’s Radio:

California Leading Ladies: &


Self Employment Screen

Welcome to the Jobenomics “Self-Employment Screen“.

“20 Million Jobs by 2020″.

What is the Self-Employment Screen (SES)? The SES analyzes the key inherent characteristics and attitudes that influence entrepreneurial success and can help predict which of the four major entrepreneurial business environments a person is most naturally suited to: agent/representative, consulting/contract, franchises or small business.

The SES does not pre-judge whether someone should be self-employed. Rather, it provides the person interested in becoming self-employed with insights into her/his business development style, motivational factors, developmental needs and the type of self-employment that she/he would be most naturally suited to.

A copy of the SES report is provided online immediately upon completion of the survey.

For your complimentary assessment to determine the best type of opportunity fit for you, click here: Take the Self-EmploymentScreen



If you are a Veteran, we invite you to complete the CareerManagementPro™.

This profile will provide you with key insights into yourself and your personal strengths as you make important career decisions.

To begin this assessment, please click here: CareerManagementPro™ for Veterans


More Information

For more details and to purchase available profiles, please click here.

To hire small business coaches, contact: Hugh Ballou or Micro Biz Coach