LEADING THE WAYVETPRENEURS

Sources: • http://www.census.gov/library/visualizations/2015/comm/veterans-statistics.html• https://www.sba.gov/sites/default/files/393tot.pdf• https://www.sba.gov/sites/default/files/Issue%20Brief%201,%20Veteran%20Business%20Owners.pdf

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21.4MILLIONTOTAL VETS*

VETERANS ARE

8%OF THE U.S.

POPULATION *IN THE U.S. AS OF 2015

THEY OWN

9.2%OF ALL U.S.COMPANIES

$$

VETS ARE2X AS LIKELYAS NON-VETSTO OWN ABUSINESS

PRESENTED BY SCORE

CREATING JOBS ANDGROWING THE ECONOMY

A SECOND CAREER

20%OF VET-OWNED

FIRMS HAVEEMPLOYEES

AND THEY’RE 50% MORE LIKELY (THAN NON-VETS)TO OWN TWO OR MORE FIRMS

5.8MEMPLOYEES

$1.1TRILLIONIN ANNUAL

SALES

Veterans with 20+ years of service have higher ratesof self-employment, and officers have the highestpropensity to become self-employed.

VETS TEND TOWARD TECHNICAL INDUSTRIES:16.9% Professional, scientific and technical services15.5% Construction9.9% Repair, maintenance and other services8.9% Real estate8.1% Retail7.2% Administrative and support6.5% Transportation and warehousing5.5% Finance and Insurance

OPS FOR FINDING FUNDING:Vetpreneurs generally secure funding on their own.

69.2% Personal or family savings and assets12.9% Credit card or home equity loan9.8% Business loan from financial institution1.9% Business loan from family or friends1.2% Government guaranteed/originated loan0.3% Investment from venture capitalists0.1% Grant

co-sponsored by

SBA BootsTo Business SCORE

Departmentof Veteran

Affairs

Office ofVeterans Business

Development

Veterans BusinessOutreach Center

(VBOC)

BUS INESS RESOURCES FOR VETERANS :