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The U.S. Small Business Administration’sOffice of Advocacy [1]recently released an encouraging report on veteran-owned businesses. The report, which is based on the latest available data from the U.S. Census Bureau’s 2012 Survey of Small Business Owners (released December 2015 and February 2016), shows about 2.52 million businesses in the U.S. majority-owned by veterans. 
Almost all of these veteran-owned businesses at the time (99.9 percent) were small businesses.


U.S Veteran Owned Business Statistics 

According to the SBA report entitled “Veteran-Owned Businesses and Their Owners [2],” small business firms owned by veterans employed 5.03 million people, had an annual payroll of $195 billion and receipts of $1.14 trillion. The veteran-owned firms represented 9.1 percent of all U.S. businesses. 

California, Texas and Florida had the most veteran-owned businesses respectively, while the highest percent of veteran-owned businesses in their populations were found in South Carolina, New Hampshire and Virginia. Other highlights from the study include: 
Nearly 30 percent of all veteran-owned firms were in two industry groups: construction and the professional, scientific and technical services group. 

  • The industry with the largest share of veteran-owned firms was finance and insurance (13.2 percent), followed by transportation and warehousing (12.1 percent), and construction (11.4 percent).
  • Five industry groups accounted for 71.5 percent of all veteran-owned firm sales: wholesale trade (22.9 percent), retail trade (19.5 percent), manufacturing (12.3 percent), construction (10.1 percent), and professional, scientific, and technical services (7.0 percent). 

Also, a bigger percentage of veteran-ownedbusinesses were home-based [3] (57.0 percent) compared with other businesses (52.2 percent) in the rest of the population. And the most common method for veterans to become business owners [4] was to start their own businesses themselves.


Support for U.S. Military Veterans Entrepreneurship 

It’s encouraging to see military veterans take advantage of entrepreneurship opportunities [5] available to them, and to continue to display many of the same qualities and resilience of civilian entrepreneurs. 
If you are a military veteran who owns a small business or you know some vets, there are many sources of support for veterans [6], including the SBA’s “Boots to Business” Program [7]. These resources offer varied resources from franchise opportunities [8] to business loans [9] that help combat unemployment among returning veterans, and also demonstrate appreciation to our veterans for their service. 
“Entrepreneurship is a choice made by many of our men and women in uniform when they move into civilian life,” said [10] Dr. Winslow Sargeant, former Chief Counsel for Advocacy for the SBA, in a previous statement about a similar SBA study. “Knowing more about the factors behind veterans’ self-employment offers opportunities to lay the groundwork for successful ventures [11].” 
Article printed from Small Business Trends: https://smallbiztrends.com 
MikeJ

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    From:  Mike Jackson

   Dated:  May 1, 2017

Subject:  2.5 Small Businesses Owned by Vets

​​2.5 Million Small Businesses Are Owned by American Military Vets (Report) 
Posted By David William On April 30, 2017 at 12:00 pm In Startup

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    From:  Dick Ellis
   Dated:  May 1, 2017
Subject:  Randy Small Business Owner
We had some good times...Where is Ron today?

Dickie

 

    From:  John Kafka
   Dated:  May 1, 2017
Subject:  Randy Small Business Owner
​Dickie, 
I know 3 Ron's, help me out, which one you asking about kind sir?

 

    From:   John Kafka
   Dated:  May 1, 2017
Subject:  2.5 Small Businesses Owned by Vets
I for one and I know many others, thank you for your dedication and hard work. 

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    From:  Dick Ellis
   Dated:  May 1, 2017
Subject:  2.5 Small Businesses Owned by Vets
I am very proud to say that during my last two years in Washington working with the Reagan administration I started the Office of Veterans Affairs at the Small Business Administration.  I was still at the Pentagon and received a call from White House Personnel who said the President was receiving some criticism for not doing enough for Veterans and wanted to match the office of minority affairs and the office of women's affairs already established with an office of veteran's affairs.   I had a wonderful 24-months putting that together , hiring and organizing Veterans Assistance Officers in each regional SBA office.  Course,  most of "my" veterans are probably now retired but maybe this foundation continues with 2.5 million Veteran owned businesses today. dickie

    From:  Dick Ellis
   Dated:  May 1, 2017
Subject:  Randy Small Business Owner
I am sorry...just an expression....Where is Ronald Reagan today when we need him? 

Dickie

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Veterans and Small Businesses

May 2017