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Industry News

National Small Business Week highlights important role of veterans in business

Veterans are well-suited to become small business owners.

Veterans are well-suited to become small business owners.

We've often emphasized on this blog how veterans have the skills necessary to become entrepreneurs. In light of National Small Business Week and Memorial Day, the spotlight shines on veterans, who through their experience in the military possess many of the traits that make successful small business owners.

In fact, a recent Entrepreneur article noted several important aspects that veterans transitioning into small business should consider. According to the source, National Small Business Week featured a "Veterans Entrepreneurship Panel," that highlighted the value that veterans can bring to the small business world. 

"Veterans overindex in small business ownership," said Barb Carson, deputy associate administrator of the Small Business Administration. "They contribute $1.2 trillion to the economy annually, employing 5.8 million Americans."

The article went on to note that for veterans considering the entrepreneurship path, planning and finding a mentor are two tips that may help them get off to a strong start with their business venture. 

As veterans looking to enter the workforce consider their options, starting a small business may be a good idea. In fact we recently discussed how becoming a small business owner might work for veterans looking for work. Starting a business may be a good move, as they already have many of the necessary skills that make for great business leaders.

Although some companies are taking initiative to hire more veterans, it may be worth considering starting your own business. The SBA offers advice for veteran-owned businesses on their website, and an online incorporation services company can provide information about forming your company and incorporating your business

CorpCo recognizes the value that veterans bring to the small business world. For this reason, we are partnered with the Whitman School of Management at Syracuse University, the national headquarters for the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV). We also support women veterans by supporting V-WISE, which helps provide women veterans with valuable entrepreneurship tools.