According to Forbes, there are more than 3 million veteran-owned business in the United States, employing more than 5.7 million people and representing more than $1.2 trillion in sales. And although veterans make up only 8% of the American population, they represent 30% of all American business owners.
The term “vetrepreneur” seems perfectly coined, as veterans are twice as likely to start their own businesses compared to the general population. Vetrepreneur’s are flexible, having been plunged into a highly unique environments with pressure cooker situations requiring literal do or die-based skills training, they learn how to be leaders early in their career. They know how to execute plans and have the drive and desire to continue to be leaders even after finishing military service.
Supporting VOBs with your purchases is a win-win situation for all involved. Veterans benefit from the sales and revenue, while consumers can feel that they are, in a small way, helping say thank you to U.S. veterans. Giving a VOB your business also increases the likelihood of you receiving high-quality service and results, while also helping set the stage for more vetreprenuers looking for ways to bring their business ideas to fruition.
The connection between service and the entrepreneurial spirit is clear; the hard work, discipline, dedication, and integrity prioritized in the branches of service offer invaluable core values for business.