“A good solution applied with vigor now is better than a perfect
solution applied ten minutes later.” – General George Smith Patton, Jr.
Below is additional information relating to military veteran entrepreneurs and business owners.
This page accompanies the Military Veterans section of the chapter, Are You Ready for This? (Yes, You Can Be a Business Owner), in the book, Hire Your Job, Fire Yourself. Here is a link to a web page that provides an overview of that chapter.
Facts about Military Veterans
- As younger veterans leave the military and merge back into civilian life, they are emerging as major buyers of small companies. According a BizBuySell study, 13% of prospective small business buyers listed themselves as veterans.
- Veterans are not only starting new businesses, a quarter of them are trying to buy at least one additional business from someone else. The National Veteran-Owned Business Association (NaVOBA) estimates there are over 3 million veteran-owned businesses.
- Nearly half of all female veteran business owners feel that starting a business helped them transition back into civilian life. Fifty-five percent feel that their military leadership experience is what inspired them to go into business for themselves.
- The chapter has some additonal information.
If you found this web page through means other than the book, you should consider obtaining the book. It has tons more information!
Below is a list of resources. If you ever notice that any of these links no longer exist, please contact us and let us know which broken link you found and be sure to mention this web page so we can easily find it. We’d also love to hear from you if you discover some additional information that is not provided below, but should be provided.
- The National Veteran-Owned Business Association (NaVOBA) estimates there are over 3 million veteran-owned businesses.
- The U.S. Small Business Administration (SBA) has an elective track within the Department of Defense’s revised Training Assistance Program called Transition Goals, Plans, Success, better known as Transition GPS.
- In 2012, the DoD launched a redesigned Transition Assistance Program (TAP). The new program aims to provide the information, tools, and training to ensure Service members and their spouses are prepared for the next step in civilian life, whether pursuing additional education, finding a job in the public or private sector, or starting their own business. You can read more about it here.
- There are some excellent government-backed programs, like Boots to Business, that train and prepare veterans. This link describes the 3-step program that starts with a 10-minute video that explains the program (we’d recommend that you go to the link and watch the video). Here’s a FAQ document about Boots to Business.