At Veteran Founded, we honor the resilience, dedication, and drive of Active Duty Service Members, Reservists, Veterans, and their families. Yet, we know that transitioning to entrepreneurship post military service brings its own unique set of challenges. Barriers like limited access to capital, navigating an unfamiliar business landscape, and building a professional network can stand in the way of your success. Our mission is clear: to break down these barriers and create opportunities that empower you to thrive. You deserve an ecosystem that recognizes your service, values your potential, and equips you to lead in the world of entrepreneurship.
Approximately 200,000 service members transition from to civilian life each year, according to the U.S. Department of Veterans Affairs. Serving in the military can be demanding, but transitioning to civilian life comes with its own challenges.
Veteran entrepreneurship has seen a significant decline over the years. Only 4.5% of transitioning post-9/11 veterans have pursued business ownership, While 49.7% of World War II veterans and 40% of Korean War veterans became entrepreneurs.
Securing funding is often a significant hurdle. Veterans encounter difficulties due to limited credit history or savings, which can impede loan approvals. Approximately one-third of veteran-owned businesses report limited access to capital, compared to a quarter of non-veteran-owned firms.
Military spouses often face employment challenges, with an unemployment rate that soared to 38% after the COVID-19 pandemic. Additionally, frequent relocations and the need to adapt to new environments can place stress on military families.
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