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The US Census Bureau reports 9.1% of all US businesses are majority-owned by veterans, yet only .5% of the population ever served in the Military. Veteran-owned businesses in 2018 generated more than $1.1 trillion in revenue and employed more than 5 million people with an annual payroll of over $195 billion. On the surface, one could argue veteran-owned businesses have a higher than average success rate; what could other small business people learn from veterans who are in business? In today’s episode, we are going to explore business operations from a veteran’s point of view and see if there are some nuggets we can all add to our plate.
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The US Census Bureau reports 9.1% of all US businesses are majority-owned by veterans, yet only .5% of the population ever served in the Military. Veteran-owned businesses in 2018 generated more than $1.1 trillion in revenue and employed more than 5 million people with an annual payroll of over $195 billion. On the surface, one could argue veteran-owned businesses have a higher than average success rate; what could other small business people learn from veterans who are in business? In today’s episode, we are going to explore business operations from a veteran’s point of view and see if there are some nuggets we can all add to our plate.