Introduction: Purpose Meets Passion
For many veterans, the transition from active duty to civilian life brings a unique set of challenges—but also remarkable opportunities. With their strong leadership skills, adaptability, and mission-driven mindset, veterans are naturally positioned to succeed in the world of business. At Warriors Fund, we believe in tapping into these strengths by fostering community connections and empowering veterans through tools that help them thrive as entrepreneurs.
Entrepreneurship offers more than just a paycheck—it provides independence, a renewed sense of purpose, and the ability to shape one’s own future. And for veterans, it often becomes a way to continue serving—this time, through job creation, innovation, and local economic growth.
Why Veterans Turn to Entrepreneurship
The appeal of entrepreneurship for veterans is undeniable. After years of operating in high-stakes environments, veterans are accustomed to making decisions under pressure, leading teams, and adapting quickly to change. These skills translate well to the business world. According to the U.S. Small Business Administration, veteran-owned businesses make up nearly 10% of all U.S. companies, employing millions of Americans and generating over $1 trillion in annual revenue.
Yet the road to ownership isn’t just about statistics—it’s deeply personal. For many veterans, launching a business means regaining a sense of control, establishing a new identity beyond the uniform, and building something that reflects their values. The freedom to set one’s own mission and lead with purpose is often what draws veterans to entrepreneurship in the first place.
The Barriers They Face
Despite their natural strengths, veteran entrepreneurs frequently encounter obstacles that can make the journey difficult. The most common include:
These barriers don’t diminish a veteran’s potential—they highlight the need for strong support systems. Programs tailored to veterans’ needs, along with local initiatives and national policies, can help bridge the gap between a veteran’s vision and a successful business venture.
Laying the Groundwork: How to Launch a Veteran-Owned Business
Turning an idea into a fully functioning business begins with structure, knowledge, and the right certifications. For veterans, one of the first steps is exploring the benefits of becoming a certified Veteran-Owned Small Business (VOSB)or Service-Disabled Veteran-Owned Small Business (SDVOSB). These designations, offered through the VA’s Office of Small & Disadvantaged Business Utilization, open doors to government contracts, subcontracting opportunities, and specialized procurement events designed specifically to prioritize veteran-owned businesses.
To help with the transition, the U.S. Small Business Administration (SBA) provides a comprehensive Veteran-Owned Business Guide, outlining step-by-step processes for writing a business plan, choosing a structure, and registering with the necessary agencies.
Key first steps include:
Training and Mentorship: Boots to Business and Beyond
For those who are still active duty or newly transitioning, the SBA’s Boots to Business program is a powerful launching point. Offered on military bases and virtually, this initiative introduces veterans to core business concepts and connects them with additional training.
Once veterans begin their entrepreneurial journey, Veterans Business Outreach Centers (VBOCs) offer free workshops, one-on-one counseling, and mentorship from experienced business owners. These centers act as community anchors, providing tailored support that helps veterans refine their strategies, manage finances, and access local market opportunities.
Additionally, resources like SCORE and Small Business Development Centers (SBDCs) pair veterans with mentors who understand the challenges of launching and scaling a business. These relationships can make the difference between early-stage frustration and long-term success.
Financing the Vision: Accessing Capital for Veteran Entrepreneurs
One of the most cited obstacles to veteran entrepreneurship is capital. Many veterans lack the savings or collateral needed to launch a business, and traditional financing avenues often seem out of reach. However, specialized funding opportunities exist.
The SBA’s Veteran Advantage Loan Program offers favorable terms, reduced fees, and a streamlined application process for qualified borrowers. Veterans can also explore microloans, business credit cards, and equipment financing based on their startup needs.
In addition, platforms like Grants.gov provide access to federal and state-level grants for specific industries or demographic groups. For example, agriculture, tech innovation, and community development grants may align with a veteran’s business concept.
Alternative funding options include:
Even when funding is available, financial literacy is crucial. Understanding interest rates, managing cash flow, and building credit all play key roles in keeping the business sustainable. That’s why many mentorship programs incorporate finance workshops and one-on-one budgeting support.
Strength in Numbers: The Power of Community
Beyond capital and coaching, one of the greatest assets for veteran entrepreneurs is community. Peer support networks provide emotional encouragement, accountability, and collaboration opportunities. Through local networking events, business pitch competitions, and group coaching sessions, veterans can find the motivation—and sometimes the partners—they need to push their business forward.
Warriors Fund believes in this community-first approach. Our Entrepreneurship Program helps veterans tap into local leadership, align with established businesses, and join a supportive network that understands their journey. When veterans help each other succeed, the ripple effects reach families, neighborhoods, and entire cities.
Scaling for Success: What Comes After the Launch
Starting a business is just the beginning. The next challenge for veteran entrepreneurs is growth—and fortunately, there are dedicated programs to support that phase, too. Veterans who have been in business for a few years can benefit from advanced initiatives like the SBA’s Emerging Leaders Initiative, which provides executive-level training for small business owners poised for expansion.
In addition, veterans looking to grow their companies can explore funding through the Growth Accelerator Fund and leverage technical assistance through local procurement technical assistance centers (PTACs), which help small businesses break into the government contracting space.
Veterans should also take advantage of networking groups, trade associations, and veteran-focused expos that allow them to showcase their work, attract new clients, and build relationships with potential investors or collaborators.
Marketing Their Military Experience
One of the most powerful tools a veteran business owner has is their story. Branding their military background as part of their business identity can attract loyal customers who want to support those who’ve served. Promoting the business as veteran-owned through certifications, website messaging, and social media campaigns not only builds trust—it distinguishes the business in a crowded marketplace.
Platforms like the National Veteran-Owned Business Association (NaVOBA) also offer visibility and recognition for veteran-owned businesses through directories and awards programs. Taking pride in military experience is more than a personal narrative—it’s a strategic asset.
Giving Back: The Full Circle of Veteran Entrepreneurship
Perhaps the most meaningful part of a veteran’s business journey is when they begin to give back—hiring fellow veterans, mentoring new entrepreneurs, or investing in local community programs. Veteran-owned businesses are known for their commitment to service, and many owners go out of their way to support causes that align with their values.
Hiring fellow veterans not only strengthens the workforce but reduces veteran unemployment and builds shared understanding among team members. These internal cultures of service can lead to strong, loyal teams that reflect the integrity and discipline veterans bring to every endeavor.
Mentorship is another avenue where experienced veteran entrepreneurs can make a lasting impact. Whether through formal programs or informal guidance, sharing knowledge and experience with newer veterans fosters a strong, sustainable ecosystem of support.
Conclusion: A Mission That Never Ends
The drive to lead, build, and serve doesn’t stop when a veteran hangs up the uniform. Through entrepreneurship, veterans have the chance to carry their sense of purpose into the next chapter of life—creating jobs, supporting their communities, and shaping industries in powerful ways.
At Warriors Fund, we remain committed to walking alongside veterans at every stage of this journey. Whether it's through our Entrepreneurship Program, resource connections, or community partnerships, our mission is to uplift and empower those who have already given so much. Because when we invest in veteran entrepreneurs, we’re building more than businesses—we’re building the future.
