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Service-Disabled Veteran-Owned Business (SDVOB) is an acronym you need to know! What's more is that you need to know what this SDVOB thing is all about.

"America honors the extraordinary service rendered to the United States by veterans with disabilities incurred or aggravated in the line of duty during active service with the armed forces. Heads of agencies shall provide the opportunity for service-disabled veteran businesses to significantly increase the Federal contracting and subcontracting of such businesses."Executive Order 13360

If you're a Disabled Veteran and wish to go into business for yourself as a government contractor, you might find the SDVOB designation suitable for your new venture. In order to obtain government contracts, you'll need to do your homework, fill out the required paperwork, and learn what the federal government expects from you as a business partner. The Social Security Administrations has a laundry list of resources you can check out here.

You can also check out the internet for more information. There's plenty of information out there to include countless organizations ready to help you in your journey as a SDVOB. One such organization is called The Elite SDVOB Network. With Chapters in roughly half of the 50 states, you can connect with your peers and learn more about what it takes to navigate the challenges, opportunities, and contracts out there.

A recent new story by The Fiscal Times Writer Eric Painin reported that the defense industry's "big box" companies plans to lay off thousands of workers. Several major defense contractors may start issuing pink slips at the beginning of 2013. Painin reported that there could be 136,000 defense industry layoffs in Virginia, 18.400 in Colorado, nearly 42,000 in Florida, 40,000 in Pennsylvania, 27,600 in Wisconsin or 21,200 in Ohio.

Looks like thousands of good reasons to prepare for the possibility of owning your own SDVOB.

What do you think about starting your own SDVOB?