Celebrate National Veteran's Small Business Week
October 31 to November 4 was National Veteran’s Small Business Week. We would like to celebrate the contributions veterans have made to American small business.
The Small Business Administration (SBA) issued a report in 2017 noting that 9% of all U.S. companies are veteran-owned. That adds up to more than two million businesses with five million employees and nearly $200 billion in paychecks each year.
Veteran-Owned Small Business Stats
Did you know that veteran-owned enterprises considered “small business” make up the majority of vet-owned operations? Or that some sources claim just shy of 80% of veteran businesses earn sales at six digits or better? Just short of 40% bring in annual revenue of half a million dollars or more.
New Hampshire is the most supportive state for veteran-owned businesses. In fact, the state is so supportive that veteran-owned businesses occupy 12% of all businesses here. But what may be even more impressive is that 6% of state-based sales go toward veterans, which is the highest percentage in the U.S.
Here are just a few of the veteran-owned businesses we have worked with recently:
1. Strictly Moose Luxury Suites (Marines)
2. Exile Burrito (Coast Guard)
3. Village Gun Store (Army)
4. White Mountain Chalet Catering (Marines)
Supporting Veteran Entrepreneurs
So, what are a few ways we can help these entrepreneurs across our country - regardless of color, race & creed?
1. Seek Out Veteran-Owned Businesses Online and In-Person when shopping for products and services.
2. Look for Ways to Make It Easier to Find Veteran Entrepreneurs.
3. Share Experiences in this space.
4. Collaborate with Veteran-owned Businesses.
5. Provide Mental Support and Mentorship.
Link to Veteran-owned Businesses in New Hampshire