Jobs, Businesses Wiped Out By Oklahoma Twister
Are You Inhaling Pesticides With Your Pot?
High Rate of Self-Employment Among Veterans
Military veterans are 45 percent more likely to be self-employed than those with no active-duty military experience, according to a new survey.
Posted 5/ 27 11 at 11:00 AM | News, Leadership, Starting a Business
Text Size:
A A A
There is a strong correlation between military service and starting a business, according to new research from the SBA Office of Advocacy. A recent study examined the level of entrepreneurship among military veterans and found that in the private sector workforce, veterans are at least 45 percent more likely than those with no active-duty military experience to be self-employed.The findings also indicated that the likelihood of starting a business increased for veterans with fewer years of service. Veterans with four or fewer years of service were most likely to be self-employed, while those who served five or more years were about 33 percent less likely to be self-employed than those who left after one enlistment. One exception to this correlation was in the subgroup of veterans who are career military retirees with 20 years of service or more and were found to have higher rates of self-employment than the general population.
Among career military retirees, the study found that officers are 55.6 percent more likely to be self-employed than enlisted personnel. Researchers suggest that this finding may be attributed to differences in levels of education, as most officers hold a bachelor's degree or higher.
The study also tested the hypothesis that training received during military service predisposes veterans to become entrepreneurs -- however, researchers concluded that there wasn't strong enough evidence to make that claim. The findings are supported by additional data from the Bureau of Labor Statistics and the Defense Manpower Data Center on the number of military veterans who own businesses.
Getty Images
- 'Marriage Penalty' Could Make Costly Return - CNNMoney
- Oil Rises on Optimism for Cliff Deal - FOXBusiness
- Dow 2012: The Studs and Duds - InvestorPlace
- Turning the Corner: Why 2012 Wasn't as Bad as You Think - The Motley Fool
- World’s Longest High-Speed Rail Line Unveiled In China - IBTimes
- FORGET THE DEFICIT: Here's The Real Reason Liberals Want To Hike Taxes On The Rich - Business Insider
- CEOs to Fire in 2013 - 24/7 Wall St.
- DailyFinance Market Minute - DailyFinance
Comments (Page 1 of 1)
The best way to make money in this economy is to take advantage of the once in a lifetime opportunity trading Oil, you can make $200 to $5,000 a day trading Oil if you know the secret behind it. Are you ready to join the financial revolution? If so, just google "Oil Trading Academy" and change your life forever.
When I joined the navy @17 I worked on boilers and when my 3 year enlistment was over I decided to become a plumber and started my own company. with in a few years I was doing over 2.6 million a year and had 18 employees THEN Bama said " spread the wealth" and started to punish businesses so I fired all my employees and started to work on my own rather then being Bamas care taker as he hates free enterprise . DUMBO in the oval office is a businessman's worst nightmare .
He hates the freedom America had to offer and detests our freedoms as a nation. He has no respect for the Judaical system saying who can and cannot stand trial by ordering murder in cold blood murders like the Clinton's were known for at Ruby Ridge and Waco Texas .
BAMA does NOT believe in the constitution of due process. He with the senate should be tried for war crimes in other countries IMHO
They want To Encourage Small Businesses? They don't know what they're doing..
IF we had more Small Businesses? More wouldn't have to pay Taxes..!
I was self employed and was lucky to pay 10% Taxes after all the Legal Tax Deductions allowed
Dman Fools haven't a clue what they're talking about..
Better Get Large and Mid Size Co.'s to do most of the Hiring Pres..& Congress , otherwise you ain't gonna get enough taxes to fill a SpitToon..
Most of the Self Employed around here are gettng paid In Cash and you know what that means?
They're also Collecting Un Employement and Food Stamps too...
41 Million On Food stamps isn't because they are Poor, Congress..It's Free Food, Free $!
I live in So Fla and hold several contracting licenses, GC , Roof and Pool. I would be honered to help our vets to be in business here. feel free to contact me heymoe5457 at aol
Coming out from the military, you have experience and discipline that few civilians will ever have. In this economy, finding employment is frustrating experience. So you end up starting a business on your own and, as a an ex military, you set it up in such a way as to not fail. You cannot afford to fail.
joe there are leaders and there are followers it has nothing to do with the lack of self respect or pride. A follower is proud to serve under their leader provided that leader has earn the respect of his followers. 21 yrs in the US Army retired E-7 own 2 business and I have rental property which contain to the story that most retired military people start their own business due to the fact that they want to be in charge of their well being, not to mention that we get a check for the rest of our lives and I have been collecting mine since I was 42.
IT DID FOR ME! After I got out I never went back to working for some Employer telling me what to do
It was an Authority Issue.. And it's amazing how easy it is to Bos others around, they are Like Sheep
Followers.. They have no Self Respect or Pride..
Only have to go look in Wal Mart.. the same with those people.
Same with the Illegals- The Latino's
Their Lack of Self Confidence is Over whelming..
And Once you have been thru the worse? Everyting else is Easy street
Kinda Like Ask a Mother.. You Don't scare me, I have Kids !
I'd rather have 4 mothers that raised Kids thru the teens, on my Team than 8 of any others
;-)
Oh really ?
Then how come 9 out of 10 new businesses Do FAIL after 3 yrs?
Just ck the #'s with the SBA...
Most have a Mental Problem.. Think they shouldn't have to work more than 40 hrs a week and should pay themselves first... I spent 12 hrs aday, 6 days wk and the Bills of the business Got Paid First, so I could Stay in business to have a chance to pay my own bills.
9/11 knocked out over 70% of small businesses
Then they rebuilt up again, then 07-08' knocked out another 70% again..
90% Aren't used to having to Work on a Commission Basis..
Every Worker should only be paid 50% Salary and the rest 50% commission from the get go..
To get them trained on how to live on Commission thru out their lives and in Retirement..
Military personnel are trained to: Believing in yourself. Once, you prove this to yourself by war, tours accross the World, Etc. You soon realize that no matter were you live/serve, humans, all need the same basic certanties. And that anyone with heart, can provide this, thereby recieving all the rewards, versus, recieving an hourly wage.
take a look at www.WoofGangBakery.com - The very best in Pet Care
I started my own business 10 years ago, and it took a lot of self-discipline, planning, multi-fascetism, motivation, conviction, hard work, risk and a little luck. So I can see the military fit. I also know there is a lot of business going on under the table. I have never found that necessary since my taxes are not that bad. I do think the government could do a lot more to help small businesses. I am generating my own income, and am not taking a job from anyone else, plus I hire other people on an as-needed basis and file 1099's. If it were up to me, I would be paying no taxes at all. But I think the biggest obstacle to people starting businesses is the corporate cooptation of our society. People are on auto-pilot with corporate think. One of the most popular majors is business, when 40 yrs ago, no one would even dream of majoring in business. And when people gratuate, it's not about what they want to be when they grow up, it's what corporation do they want to work for.
Brian Middleton (MSGT)
I started my home based business (Pre-Paid Legal Services) approximately 5 years ago, and it was the best thing I could have done to take control of my financial future. This business offers a service that everyone needs. Last year there were more than 36 million people hospitalized and 97 million court filings. That means you're more likely to wind up in court than in a hospital. Ironically, most of have some type of health insurance but few have legal insurance to them when thay have a legal issue. If you're interested in making a living while making a difference, then I encourage you to take a close at this 40 year old New York Stock Exchange company call Pre-Paid Legal Services, Inc. Forbes magazine ranked this company as one of the best top 200 small businesses in America 5 years in a row! If you are serious about owning your own home based business without having to come out of your pocket with thousands of dollars, then give me a call and I will share with you this incredible opportunity that has changed my financial future forever! I can be reached at 856-435-8686 (h/o) or 856-229-4412 (cell)!