Effect of Veteran Status on the Propensity to become an Entrepreneur

Effect of Veteran Status on the Propensity to become an Entrepreneur

Veterans have always played a crucial role in protecting our country, but they have also played a crucial role in business as well. In the entrepreneurship space of this country, veterans make up around 10% of small business owners (Oja, 2020). Veterans are also comparably more successful at becoming entrepreneurs than civilians are. There many factors that affect the veteran’s success, but a major one is the military experiences such as boot camp and war which instill teamwork, disciple, and resiliency in them. Veterans then take these skills and transition into the civilian sector where they seek to become business owners. With many obstacles such as adapting to a new work environment and having to learn a new set of skills to operate with civilians, veterans have shown to be very adaptable and resourceful during this transition. Veterans are shown to be older, more educated, and to earn more money than civilians are in the small business sector. These results show support that veterans are more successful at being entrepreneurs than civilians are and this information can be used for investors seeking to work with veterans or even by veterans themselves who are seeking entrepreneurship.

Cowdin, Tucker

5/1/2020

Business (Finance)

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2020-business-Cowdin

Wagner College, Staten Island, NY

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2020