If you are one of the nearly 250,000 service members transitioning to civilian life this year, veteran business owners want you to know that your skills could transfer to being your own boss. According to the National Veteran-Owned Business Association (NaVOBA), more than 3 million men and women who have served in the U.S. Armed Forces have started their own small businesses after their military service. NaVOBA calls them vetrepreneurs.
NaVOBA analysis shows veterans are twice as likely to own a business as non-veterans. More data—this from the Institute for Veterans and Military Families at Syracuse University—shows that the success rate of veteran-owned business startups is almost twice that of other business startups.
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