Veteran Entrepreneurship: Celebrating Service and Success in Business on Veterans Day

On this Veterans Day, as we honor the men and women who served, it’s fitting to also recognize the entrepreneurial spirit that many veterans embody. November is National Entrepreneurship Month, a time to celebrate and encourage entrepreneurship across the nation. Veterans bring unique skills to entrepreneurship, often including discipline, resilience, leadership, and a sense of mission—qualities that form the foundation of successful business ownership. For veterans looking to channel their experience into entrepreneurship, franchising offers an accessible and rewarding path, supported by initiatives like the International Franchise Association’s (IFA) VetFran program.

VetFran was founded by the IFA to help veterans transition to business ownership by providing resources, mentorship, and financial incentives for entering franchising. Many franchises offer discounted initial fees for veterans, and some even offer extended training programs tailored to veterans' unique skill sets. With a network of member franchises dedicated to empowering veterans, VetFran enables easier entry into a wide variety of industries, from food service to fitness and home services, which can match a veteran’s skills with market needs.

Beyond VetFran, other resources support veterans in their entrepreneurial pursuits. The Small Business Administration’s (SBA) Office of Veterans Business Development (OVBD) offers Veterans Business Outreach Centers (VBOCs), where veterans can access counseling, business training, and assistance with small business loans. The SBA also provides specialized loan programs like the Military Reservist Economic Injury Disaster Loan, which helps veterans who are called back to active duty and experience business disruption. Additionally, SCORE offers free mentoring, and many of its advisors are veterans who understand the journey firsthand.

Organizations such as Bunker Labs, founded by veterans, also focus on supporting veteran entrepreneurs through education, peer-to-peer learning, and mentorship. With programs like the Veteran in Residence, Bunker Labs provides a platform for veterans to connect, share knowledge, and build networks. This community aspect is essential, as many veterans find camaraderie and support from fellow entrepreneurs who share a similar background.

The military instills critical skills that can give veterans an edge in entrepreneurship. From mission focus to adaptability, veterans have learned to thrive under pressure, often in unpredictable environments. Their experience with strategic planning, operational execution, and leading teams translates well into business ownership, where these qualities can be the key differentiators in building a successful franchise or independent business. Veterans are adept at creating efficient systems, managing logistics, and handling high-stakes challenges, all of which are essential for growing a business.

As veterans consider their next steps, they can find support, resources, and camaraderie through initiatives like VetFran, SBA programs, and veteran-focused business communities. The journey from military service to business ownership is a natural progression for many veterans who want to continue making an impact, now as entrepreneurs contributing to the economy and their communities. This Veterans Day, we salute their service and support their future as business leaders and job creators.

Make it a great day. Make it happen. Make it count!

About the Author

With more than 40 years of experience in small business, restaurant, and franchise management, marketing, and development, Paul Segreto is a respected expert in the entrepreneurial world, dedicated to helping others achieve success. Whether you’re an aspiring or current entrepreneur in need of guidance, support, or simply a conversation, you can connect with Paul at [email protected] .