- Posted by LiSA
- On April 26, 2017
- 0 Comments
- Business Owners, Entrepreneurs, Military, Veterans
One of the challenges of transitioning from military to civilian life is finding a new career. For Veteran Entrepreneurs, running their own businesses is a good option.
Change is a way of life in the military. There are the frequent moves from base to base and deployments to war zones overseas. But, another adjustment soldiers must make is the eventual return to civilian life.
When their time in the service is up, many face an uphill battle to find work in a tight job market. Unlike other job seekers, veterans have the additional burden of convincing prospective employers that military skills translate into civilian ones.
A recent article posted to FinancialSecurityFirst.com’s blog site posed the question: Is a typical nine-to-five job the best bet for ex-military? Their answer was maybe not.
Because of the very experience and skills military service provides, veterans may be better suited to running their own businesses. A 2012 U.S. Small Business Administration (SBA) study supports this idea. The study found that one veteran-owned business existed for every 10 veterans. These businesses employed nearly 6 million people.
The article included interviews with three retired service members. All three have created successful financial services businesses with First Financial Security, Inc. They agreed that their training and experience in the military prepared them well for the challenges of becoming an entrepreneur.
“In the military, every soldier is taught to be a leader and warrior,” said Donna Burks, an Army veteran who retired as a Master Sergeant (E-8) in 2009. “Some of the traits entrepreneurs need are all taught in the military. These include taking risks, working long hours, making and executing a plan, applying patience and discipline, adapting, and overcoming challenges.”
To learn more about how veterans are becoming successful entrepreneurs, click here to read “Transitions: Veteran Entrepreneurs Find Success with Businesses of their Own.”
Source: “Facts on Veterans and Entrepreneurship.” U.S. Small Business Administration. May 2012. https://www.sba.gov/content/facts-veterans-and-entrepreneurship