America’s Best Franchises and Veteran Friendly Franchises are here to tell you that Veterans are the future of business. And we’re not just saying that because we have a little bias. In fact, according to the Institute of Veterans and Military Families, over the next five years, military veterans will create over 3 million new jobs, adding over $1.5 trillion to the economy.
While Veterans make up just 7 percent of the American population, they own over 9 percent of all companies in the United States. The military is a great training ground for entrepreneurs, teaching leadership, teamwork, discipline and strategic thinking skills. And it’s not just the United States that’s benefiting from the entrepreneurial spirit of veterans. In fact, even veterans from other countries are coming to the U.S. to open up businesses. According to the American Immigration Council, “The United States has been the top choice of destination for immigrant entrepreneurs for several decades. According to the most recent census data, immigrants were almost 30 percent more likely than the native-born to be self-employed.” And it’s not just veterans who are benefiting from the entrepreneurial spirit of veterans. In fact, even veterans from other countries are coming to the U.S. to open up businesses.
Veterans are also more likely to succeed as small business owners than non-veterans, according to the US Small Business Administration. In fact, in 2012, the SBA reported that veteran-owned small businesses accounted for nearly 5% of all small businesses in the United States, and generated over $1.2 trillion in annual revenue.
The SBA isn’t the only one singing the praises of veteran-owned businesses. In fact, Forbes has also noted the success of veteran-owned businesses, and has even created a list of the top 25 veteran-friendly franchises.
So, what does all of this mean for the future of business? It means that the future is bright for veteran friendly franchises. With the skills and training that veterans have, they are well-positioned to succeed as small business owners. And with the support of the SBA and other organizations, they have the resources they need to succeed. If you’re a veteran interested in starting your own business, be sure to check out our list of veteran-friendly franchises. These franchises are looking for veterans to join their team, and can provide the support and resources you need to succeed.