Veteran entrepreneurship is again a hot topic. America needs job creators now more than ever, and veterans are a great pool to draw from. We are resourceful, driven, work well in teams, and can get stuff done. The perfect archetype for an entrepreneur.
The numbers tell a different story, though. Veterans aren’t returning home and starting companies, at least not like past generations. Over 40% of service members returning from World War II and Korea became entrepreneurs. Now the figure is under 5%. Overall, veterans are more likely to work for themselves, but that trend doesn’t hold true for the most recent generation. In fact, veterans are a steadily declining percentage of people starting new businesses in the United States.