3 smart business ideas for veterans

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BY STEVE NICASTRO

It should come as no surprise that veterans can make great entrepreneurs and small-business owners: They possess many of the skills necessary to survive in the business world, from leadership and discipline to teamwork and the ability to make on-the-spot decisions.

That may be one reason veterans own 7.5% of the nation’s 5.4 million businesses with employees, according to the most recent data from the U.S. Census.

“People think of entrepreneurs as crazy risk takers, when in fact they are very calculated risk takers,” says Misty Stutsman, director of the Center of Excellence for Veteran Entrepreneurship at Syracuse University. “It’s the same thing in the military. You often have to make big decisions off of limited information.”

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