Veterans, while praised for their service are sometimes forgotten by the communities they’re part of. Many face homelessness, poverty and an array of medical conditions, more or less connected to their military service. In this context, ex-army men’s professional lives are uncertain at the end of their service. But even in this continuous struggle, some of them successfully open businesses, and unsurprisingly, those businesses are brought to perfection by these dedicated and disciplined professionals.
Many think that professional reconversion after a certain age is impossible, but ex-army men prove them wrong, once again. And because the National Veterans Small Business Week and Veteran’s Day are fast approaching, we are going to offer more inside information on how does the life of these experts look like after service. Luckily, the Government supports veteran-run businesses across the whole US territory.
Veteran-Run Businesses Facts and Data
- Across the US, there are approximately 3 million businesses run by ex-military.
- Those businesses successfully employ almost 6 million people. This accounts for more than $200 million of dollars in payroll yearly.
- More than 30% of the businesses in the US are run and owned by veterans. This is an interesting aspect of the US business climate, considering the fact that less than 10% of the US population accounts for these specialists.
- Businesses open by veterans remain open even after 10 years, which is a rare occurrence in the US business environment.
In this context, the success of veteran entrepreneurs has gotten the attention of a growing number of angel investors, always willing to offer financing solutions to this category. And given the fact that veterans usually have high-IQ levels and an incredible intellectual capacity, they find employment solutions or start businesses in completely other domains than the military. Security and tech are two of those fields in which veterans seem to be more inclined to activate.
With a keen focus on execution and pronounced leadership abilities, military men are able to become success stories of the US business climate. Many of these ex-Government employees don’t even bother with spending money on formal offices. They just run their businesses from home and set up custom door signs to let others know about their businesses. But, what does it take to make a career shift, especially in the case of those less fortunate military men that struggle with poverty and homelessness or those who approach such conditions fast? Below is more information on the topic.
Many veterans attend the courses of non-profit reconversion schools
Life after the military can be a struggle for many veterans. Due to PTSD or disability, many face low employment chances and approach homelessness rapidly. However, many veterans who want to turn their future into a success story found reliable and effective solutions. There are several reconversion schools run by non-profit organizations that offer low-income people the possibility to become fully prepared for an independent career in different domains. Usually, veterans can choose from freelancing training courses in different domains, including online marketing and IT, hospitality and web and graphic design. Combined with the knowledge and skill gained in the military, veterans have the perfect climate to find a satisfactory career path after retiring. After getting all the training necessary for opening a freelance business, veterans can always choose the most affordable solution: operating a home-run business.
Home-run businesses are always an affordable solution for ex-military people
Normally, for a veteran that faced different challenges after their retirement, ex-military people most likely lack the financial resources necessary for renting an office in an office building. But how about working from home, placing a custom door sign at your entrance and letting people know about your freshly-established business. You can ask specialists what custom door signs work best for a home-based business, and you can also visit Signomatic for custom door signs. Similar companies can make the selection process significantly easier because they have years of experience in designing and creating door signs for businesses of all kinds.
Many veterans choose home-based business solutions because they generally choose freelancing career paths. Being profitable and asking for almost no initial investments, freelancing businesses seem to be preferred by many in similar situations.
In a climate of uncertainty and financial struggle, this is how the life of ex-military employees looks like after their military careers end. Numerous successful start-ups today are run by veterans, and apparently, they do a wonderful job at setting up their businesses to survive in the market for longer than other businesses across the US usually do. Companies like RideScout, Critical Intelligence and TroopSwap are only some great examples of companies established by ex-military that still survive in this highly competitive business climate. All three companies are steadily growing in capital, sales and employee numbers, even today.
