Success factors of veteran-owned small businesses

What happens to a U.S. service member’s lifestyle upon leaving the military? Transitioning out of the military may be a daunting concept if an individual is unprepared to seek a meaningful civilian lifestyle. Servicemembers accustomed to rigid military discipline and structure may not have sufficient business tactics needed in a corporate setting. Therefore, transitioning military individuals have basically three options available to explore encompassing collegiate education, corporate employment, or entrepreneurship opportunities. All aspirations are reputable although being self-employed may be more desirable to capitalize on obtained military skills. However, potential veteran small business owners may not have effective business strategies needed to succeed. There are instructional materials available, but there are minimal veteran-owner success case studies to emulate. Therefore, the objective of this chapter is to focus on veteran entrepreneurship by researching veteran-owned small business longevity factors from the Chamberland (2015) study.