Monday, July 2, 2012

Entrepreneurship Resources for Military Veterans

A variety of government and non-profit associations offer resources and programs designed to help U.S. military veterans who are interested in launching their own businesses. The U.S. Small Business Administration (SBA) has compiled a list of information, tools, and assistance programs for veterans who want to become entrepreneurs. These resources include small business guides, outreach centers, low-interest small business loan programs, and assistance with government contracting and franchising opportunities

According to the latest SBA data, of the 27.1 million non-farm businesses in the U.S., 2.4 million are owned by veterans. Statistics show that the success rate of these veteran-owned businesses is higher than other start-ups – perhaps a reflection of the discipline, skills, and leadership experience acquired in military service.

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