Military veterans are known for their drive, commitment, and ability to remain calm under stressful situations. They are disciplined and effective leaders who can adapt at a moments notice. This is what makes them excellent candidates for launching Veteran Owned Businesses.
Veteran Owned Businesses by the numbers.
- There are 3 million businesses run by veterans.
- 25% of active duty service members want to start a business.
- 5.7 million people are employed by veterans or Veteran Owned Businesses.
- Veteran-owned firms had sales/receipts of $1.220 trillion and an annual payroll of $210 billion.
- 7% of Veteran Owned Businesses passed the 10 year mark for existence, more than the national average for non veteran owned companies.
While this SBA research on Veteran Owned Businesses was conducted in 2012, it provides you with a great analysis of how veterans are making their way by launching companies and contributing to our economy.
Happy Joe supports Veteran Owned Businesses.
Happy Joe has always championed VOBs, and with the downsizing of our military forces and the tough employment conditions, we believe veterans really should consider launching their own businesses in the effort to provide for themselves and their families. The men and women who have served in our Armed Forces have a lot to offer in the business and non-profit sectors!
As a part of our restructuring, Happy Joe will begin focusing more of our efforts in helping Veteran Owned Businesses. We will offer online webinars and training, business resources, and interviews with successful entrepreneurs in order to help vetrepreneurs achieve success. Happy Joe will also partner with other organizations who share the same passion because one company cannot tackle this mission alone. In fact, we recommend that our military community become familiar with Bunker Labs, VAMBOA, StreetShares to get started!
Go big or go home!
We stated in our last post that we want to become one of the best known military lifestyle brands. Supporting and helping Veteran Owned Businesses is just one step in making this happen. We have a great team on board to make this a reality and we look forward to announcing even more updates soon.