Why Investing in Veteran-Owned Businesses Is Good Business During National Invest In Veterans Week

January 19, 2023 Jeff Shuford

As we celebrate National Invest in Veterans Week, it's important to recognize the valuable contributions of veteran-owned businesses to our economy. According to the Small Business Administration, there are over 2.5 million veteran-owned businesses in the United States, accounting for 9.1% of all businesses. These businesses generate over $1 trillion in sales annually, creating jobs and driving economic growth.

Investing in veteran-owned businesses not only supports our veterans but also provides investors with significant advantages. For example, studies have shown that veteran-owned businesses tend to have higher survival rates than non-veteran-owned businesses. This is likely due to the skills and experience veterans gain during their service, including leadership, teamwork, and problem-solving.

Another benefit of investing in veteran-owned businesses is the potential for innovation. Veterans are known for their creativity and resourcefulness, qualities that can translate into successful entrepreneurship. Many veterans also have experience in fields such as technology and engineering, making them well-suited to start businesses in these areas.

Investing in veteran-owned businesses can also provide social returns. By supporting veteran entrepreneurs, investors are contributing to the economic and social well-being of our nation's heroes. Additionally, many veteran-owned businesses are committed to giving back to their communities, creating jobs and supporting local organizations.

Finally, investing in veteran-owned businesses is a way to honor and thank our veterans for their service. Veterans have made sacrifices to protect our country and our freedoms, and supporting their businesses is one way to show our appreciation.

So, how can investors get involved in supporting veteran-owned businesses? One option is to invest directly in these businesses through crowdfunding platforms or angel investing networks. Another option is to invest in funds that specifically target veteran-owned businesses.

For example, the Veteran and Military Technology Fund (VMFT) is a venture capital firm that invests in early-stage technology companies founded and led by veterans. The firm focuses on industries such as cybersecurity, artificial intelligence, and virtual reality, all of which are areas where veterans have particular expertise.

Investors can also look for opportunities to support veteran-owned businesses in their own communities. This may involve attending local networking events or seeking out businesses owned by veterans when making purchasing decisions.

In conclusion, investing in veteran-owned businesses is good business during National Invest in Veterans Week and beyond. These businesses contribute to the economic growth of our nation while also providing investors with advantages such as higher survival rates and potential for innovation. Additionally, supporting veteran-owned businesses is a way to give back to those who have served our country and protect our freedoms.

Bonus tip: In addition to financial returns, investing in veteran-owned businesses can also provide personal fulfillment for investors who want to make a positive impact in their communities. By supporting veteran entrepreneurs, investors can contribute to a more diverse and inclusive business landscape, while also helping to create opportunities for those who have served our country. This sense of purpose and social responsibility can be a powerful motivator for investors who want to align their values with their investments.