Many veterans who’ve started small businesses tell a similar story: Their military service prepared them mentally for the task, but they were at a disadvantage when it came to the financial part. “Vetrepreneurs” – veterans that start small businesses -- own nearly 2 million small businesses that employ 5.5 million people in the U.S.
Veteran and business owner Jackson Dalton arranges protective gear at the Black Box Safety offices, Thursday, Nov. 7, 2024, in El Cajon, Calif. Veteran and business owner Jackson Dalton gestures towards protective gear at the Black Box Safety offices, Thursday, Nov. 7, 2024, in El Cajon, Calif. Veteran and business owner Jackson Dalton poses for a portrait at the Black Box Safety offices on Thursday, Nov. 7, 2024, in El Cajon, Calif.
According to data from business coaching nonprofit SCORE, about a third of veteran businesses have limited access to capital or lack of financing. That compares to a quarter of non-veteran-owned firms.UK D-Day veteran George Chandler, who escorted American troops to Normandy beaches, dies at 99SCORE CEO Bridget Weston says the good news is that veterans have plenty of places to turn to for help.
Although the transition back to civilian life was difficult, Dalton went on to get a master’s degree in public health, and spent 10 years working in the health and safety industry. When he ventured out on his own, he decided to focus on federal contracts and got certified by the SBA. He thought prisons would be a good place to start since 3% of their contracts go to disabled veteran businesses. His first contract was selling gloves to a prison in Minnesota.
John Griveas in Buffalo, N.Y. spent two years as a Navy Seal in the mid-1990s and his remaining four years in New York in the active reserves, ending his tenure in 2002. After that he “bounced around” different jobs and spent 10 years in the local collections industry.
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