Entrepreneurial Spirit - Diverse Military
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Entrepreneurial Spirit

by Sholeh Patrick

There must be something about military training that is conducive to business. Veterans are 45 percent more likely to be self-employed than non-vets.

According to the U.S. Census Bureau, one in 10 small businesses is owned by a veteran, collectively generating $1.4 trillion in annual sales.

So it’s no surprise the U.S. Small Business Administration is eager to help veteran-owned businesses up and running. The SBA’s Office of Veterans Business Development’s “Boots to Business” (B2B) training is just one of several programs designed to help veterans, service-disabled vets, reserve component (and National Guard) members — or their spouses, dependents, and survivors — start or expand small businesses, and maximize potential success. The SBA also gives Veteran Advantage Loans to existing vet- or military spouse-owned businesses.

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