U.S. Air Force photo by Airman 1st Class Kate Thornton
For years, military service has been recognized as one of the leading indicators of entrepreneurial success. According to a report by the U.S. Small Business Administration, veterans are 45% more likely to be entrepreneurs than non-veterans, and over 13% of veterans have been self-employed in recent years. The traits and skills our nation’s service members possess make them great entrepreneurs.
It's not hard to understand why veterans make good entrepreneurs, or why they are 45% more likely to be self-employed than non-veterans. During their service, they are required — at times while under fire — to show leadership, make tough decisions, allocate resources, and adapt quickly. Whether on land, at sea or high in the sky, they learn how to be responsible, and how to lead up and down the chain of command.
U.S. Air Force illustration by Airman 1st Class Jensen Stidham
Whether currently transitioning or already in the civilian world, veterans should be aware of the Small Business Administration’s Boots to Business program. Boots to Business is a workshop and online training course intended to assist veterans in pursuing entrepreneurship. The program started in 2012 as an option during the classes required as part of service members’ transition out of active duty. As part of a focus on veterans entrepreneurship by the current administration, the program has been expanded as Boots to Business: Reboot to include veterans who have already separated.