Top 5 Traits That Make Veterans Great Entrepreneurs­­

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From Bplans:

by Patrick J. MacKrell is CEO of New York Business Development Corporation (NYBDC)


For many years, veterans of the U.S. Armed Forces were successful at starting and growing small businesses. In fact, almost 50 percent of veterans owned a business after World War II.

But today, veteran entrepreneurship is on the decline. The most recent Kauffman Foundation research found that veterans accounted for 12.6 percent of new entrepreneurs in 1996 and that by 2014, this number had fallen to just 5.6 percent.

At NYBDC, we want to turn those numbers around by inspiring veterans to take the leap into a life of entrepreneurship, and sharing some information to help you get started. As a veteran of the U.S. Marine Corps, I have seen firsthand the driven young men and women who have served in our military. The honorable completion of an active-duty period of military service or ongoing participation in the National Guard or Reserve generally tends to “imprint” veterans with certain skills and experiences that are critical to success.

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