Last year, 7.1% of veteran business owners were under the age of 35, up from 4.6% in 2008, according to a brief released Friday by the U.S. Small Business Administration’s Office of Advocacy.
The weak job market may be partly accountable for the trend. The nation’s unemployment rate has remained above 7% since November 2008.
Another driving force may be the growing list of franchise companies that offer former service men and women discounts on startup fees, including 7-Eleven, Tim Horton’s. and Aamco Transmissions, to name a few.
blogging my (mis)adventures in China between and during bouts of jetlag peppered with random thoughts on investing, strategy and development
Sunday, November 10, 2013
More young US veterans become entrepreneurs
Which makes sense given their training and discipline - why shouldn't military training and experience be a signal like any other, say a university degree? (WSJ via Instapundit):
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