Commerce_2020_10_digital | Page 46

■ Accounting , Banking & Law

■ Accounting , Banking & Law

NJBankers Partners with Rider VET Program

NJBankers President and CEO John E . McWeeney , Jr .

The Center for Entrepreneurial Studies of Rider University hosted a virtual celebration for the 2020 cohort of veterans who completed Rider ’ s Veterans Entrepreneurship Training ( VET ) program . Now in its 7th year , VET is a free , seven-week summer intensive that provides veterans with expert guidance on developing a new business concept or growing an existing business .

The VET program was once again offered in partnership with the New Jersey Bankers Association ( NJBankers ) and the Uncommon Individual Foundation ( UIF ).
Coursework for the vets covers the how-to ’ s of business plans , market research , operations and financials , helping foster veterans ’ personal and professional growth through entrepreneurial training . The current class developed feasibility studies of business concepts in the arenas of education , private investigation and adult daycare services . Upon completion of the program , the VET cohort can apply for one year of mentoring with the Uncommon Individual Foundation as they pursue their venture dreams .
Mr . Olufemi Olatunji , one of the graduates of the program stated , “ The key things I learned included development and refining of my business idea , feasibility analysis and [ using ] a core team [ consisting ] of a banker , accountant , insurance company and lawyer . Bootstrapping was another important concept . How to structure and fund my business were also important takeaways .”
New Jersey Bankers Association ( NJBankers ) President and CEO John E . McWeeney , Jr . and UIF Managing Director Joe Lopez joined with entrepreneurial studies professor Dr . Mayank Jaiswal to thank the cohorts for their service to our nation and congratulate them on starting their journey as entrepreneurs .
“ NJBankers , through our charitable foundation , was proud to once again support the VET Program at Rider University . Our members appreciate the service of these veterans to our country and wish them well in their entrepreneurial ventures ,” said NJBankers President and CEO John E . McWeeney , Jr .
Rider Veterans coordinator Thomas Reddington and Associate Dean for Graduate Business Programs Dr . Ron Cook noted the 2020 VET cohort is “ now part of the Rider family ” and everyone looks forward to meeting in the fall to hear about how these business concepts are coming to life .

STEVE ADUBATO ’ S

LESSONS IN LEADERSHIP

with co-host Mary Gamba
Sunday 10:00am