Starting a small business can be tough, but it may be a little easier for those who have served in the armed forces.
Some veterans say their time serving gives them an “edge” in business, and the U.S. Small Business Administration recognizes several traits learned in the military that can help veterans out when it comes to starting and running a business.
Veterans are “usually pretty well-trained in various areas,” said Martin Golden, district director of the SBA in the Columbus District Office. “All around I think [these skills] are pretty helpful in managing a small business.”
Veterans may bring skills such as leadership, problem-solving experience and flexibility to owning a small business. They also tend to be self-starters, Golden said.
Tim Rosengarten, owner of Armcorp Construction Inc. in Celina, said he thinks being a veteran has definitely given him an edge.
“[It gives me an edge] in my way of thinking,” said the 49-year-old Celina native. “When I served the country, I served to protect. It’s the same principle, I serve and take care of clients.”
Leadership skills and the initiative to make sure tasks are completed are what Rosengarten took away from his service in the U.S. Army from 1983 to 1989, he said.
He also makes it a practice to patronize other veteran-owned businesses and hire veterans.
Veterans “are very dedicated and very task-oriented people,” Rosengarten said. “And [hiring them is] helping them out.”
Veteran-owned businesses make up about 9 percent of all small businesses, Golden said, and they employ around 5.8 million people, making up a “large sector of the economy.”
Veterans are also about 45 percent more likely to be self-employed than those without a military background, Golden said. Though he doesn’t know the exact reason why, Golden said he thinks this may be because “having sole custody of their future” is attractive to veterans.
There’s also the fact that they may like the challenge of starting something and making it successful, he said.
“They have a service-oriented mentality and they’re used to sacrificing and working for the greater good of the country and their community,” Golden said. “They’re good people to have involved in the community.”
This article was written by Danae King from The Lima News, Ohio and was legally licensed through the NewsCred publisher network.