As a Marine veteran and now a CEO hiring veterans, I know firsthand the skills, resilience, and leadership veterans bring to a team. When our time in service concludes, many of us seek new missions, and for a growing number of veterans, that mission is entrepreneurship. Supporting veteran entrepreneurs isn’t just an act of patriotism, it’s an investment in our country’s economic future. Whether through mentorship, advocacy, or simply choosing to support veteran-owned businesses, every action counts.

Veterans and Entrepreneurship: The Data Speaks Volumes

Veterans are an under-recognized workforce in America’s economy. As of 2023, there were approximately 17 million veterans in the United States, with over 200,000 service members transitioning out of the military each year. These men and women possess unparalleled discipline, adaptability, and leadership skills—traits that form the bedrock of entrepreneurial success.

In fact, veteran-owned businesses represent a significant portion of America’s small business landscape. The U.S. Small Business Administration (SBA) reports that veterans own about 5.9% of all U.S. businesses, which translates to roughly 2.5 million veteran-owned businesses. These companies generate an astounding $1.14 trillion in revenue annually and employ more than 5 million Americans.

Moreover, veterans are more likely to start businesses than non-veterans. According to the SBA, 9.1% of veterans are self-employed compared to just 6.8% of non-veterans. This demonstrates a clear entrepreneurial spirit in the veteran community, resulting in a positive force in creating jobs in their communities, stimulating the economy, and advancing our nation.

Why Advocate for Veteran Entrepreneurs?

Supporting veteran entrepreneurs is about more than just giving back. It’s about recognizing the immense value veterans bring to the private sector. As a veteran entrepreneur myself, I believe in the transformative impact that veterans can have when given the right opportunities and resources. Here’s why advocacy is crucial:

1. Job Creation and Economic Growth: Veteran-owned businesses are critical engines of economic growth. Their success has a ripple effect—creating jobs and supporting local communities. By investing in veteran entrepreneurs, we strengthen the backbone of America’s economy.

2. Leadership and Innovation: Veterans are trained to solve problems, lead under pressure, and adapt to changing environments—qualities that are key to business innovation. Veteran-led businesses often introduce creative solutions to complex challenges, driving industries forward.

3. Community Impact: Veteran entrepreneurs often continue their mission of service by giving back to their communities. Whether it’s through philanthropic efforts or by employing fellow veterans, these leaders are dedicated to making a positive difference.

 How You Can Support Veteran Entrepreneurs

The veteran community is strong, but our entrepreneurs need continued support to thrive. Here’s how you can help – this is a limited selection of partnerships and support I can personally attest:

• Mentorship and Networking: Offer your time and expertise to help guide veteran entrepreneurs through the challenges of starting and growing a business. Connections can be just as valuable as capital. I highly recommend researching the efforts of IVMF Bunker Labs, Hiring Our Heroes, SkillBridge, and NVSBC and their many nationwide programs.

• Buy & Contribute Towards Veteran-Owned: Make a conscious effort to support veteran-owned businesses. Whether you’re a consumer or a business leader, choosing to buy from these companies directly supports their mission. You can invest in the American economy and empower veteran and military spouse business owners by joining Americas Business Mission, searching within this Shopping Guide, or getting your custom swag through Authentically American, which is Veteran Owned, providing American made apparel. A HUGE shout out to JPMorgan Chase Commercial Banking in leading the Veteran Jobs Mission, a coalition of 300+ companies having hired over 900,000 veterans and military spouses since 2011, and it’s partnership with IVMF, Bunker Labs, and the NVSBC, all of which I have personally benefited from.

• Advocacy: Advocate for veteran entrepreneur programs and initiatives at the local, state, and federal levels. Policies that provide access to funding, training, and resources are essential to their success. Personally, I have found tremendous value and community in NVSBC, DAV. 

A Mission of Advocacy

As we continue to celebrate the contributions veterans make to this nation, let us not forget the unique role veteran entrepreneurs play in strengthening our economy and communities. By supporting their endeavors, we honor their service in a profound way—one that transcends gratitude and moves into action.

Veterans have always answered the call to serve. Now, it’s time for us to answer the call to support them.

How will you champion veteran entrepreneurs today? Share your thoughts and experiences in the comments below, and let’s work together to elevate these remarkable leaders. If this message resonates with you, please share this article to spread awareness and help more people join the mission of supporting veteran entrepreneurs.

Sources:

1. • U.S. Department of Veterans Affairs (VA), “Veteran Population Projection Model 2020” (VetPop2020).
   • U.S. Department of Defense, “2020 Demographics Report: Profile of the Military Community.”
   • U.S. Small Business Administration (SBA), “2021 Small Business Profile” and “Veteran-Owned Businesses and Their Owners” (2020).
   • U.S. Small Business Administration (SBA), “Veterans in Business” report (2020).