Growthink Offers Insight on Study that Shows Why US Veterans are Best Prepared for Entrepreneurship

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Growthink Inc., a renowned entrepreneurial consulting firm and financial services company in the country, has assisted numerous veteran clients to successfully start or grow businesses over the past 10 years. According to Growthink, investing in veterans' increased capacity for self-employment is one of the top ways the government could boost the economy.

There has been a recent steer in the last few months about how U.S. veterans are best prepared for entrepreneurship and the fact that they are making the best out of the bad economy today. Truth has been found about this hypothesis by a recent study conducted by the Small Business Administration’s Office of Advocacy entitled “Factors Affecting Entrepreneurship among Veterans”. The report showed that at least 45% of veterans are more likely to become self-employed compared to those with no active-duty military experience.

Although the hypothesis included military education and training to be the reason of their enhanced capacity to become self-employed, the research did not prove that belief. Nor where the notions like veterans becoming attracted to being their own boss after years of subordination and self-employment as a better choice for them than finding a job after being disabled from active duty, proven to be the main factor affecting their capacity to become successful entrepreneurs.

According to the results, military personnel who are already predisposed to being an entrepreneur may tend to leave the service earlier, explaining the high number of entrepreneurship among veterans with less than four years of duty. As for veterans who served for more than 20 years, the main factor that affects their pursuit for self-employment is their financial capacity to do business, given that they have higher pensions for their length of service.

Growthink Inc., a renowned entrepreneurial consulting firm and financial services company in the country, attest to the fact that veterans do better when it comes to business. The company has assisted numerous veteran clients to successfully start or grow their own business for the past 10 years in the industry. They think that investing in their increased capacity for self-employment is one of the better ideas that the government should do in order to boost the economy.

For more information regarding Growthink Inc. and the services and products they offer, contact Raquel A. Castillo at 914-514-8036 or email at raquel(at)growthink(dot)com. Visit their website at http://www.growthink.com/.

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Raquel A. Castillo
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