Top 10 Small Business Opportunities for Military Personnel

June 8, 2010 · Posted in IRS Problems · Comments Off 

Veterans own over 5% of all small businesses in the United States. This growing number of small businesses, upwards of 4 million, is due to the success rate of veteran business startups being higher than the average due to the experience veterans have gained serving in the armed services. While there are a number of services to help veterans with business education, loans, and many organizations to help place veterans in jobs, until 1999 there were no services specifically focused on helping veterans start their own small businesses or franchise businesses.

Currently the armed forces offer several programs and opportunities for ex-military personnel who are interested in starting their own small business, including home based businesses that will allow veterans to work from home. The army in particular now offers the Army Advantage Fund. This program offers those who qualify money to help start a small business. For a 3-year enlistment you can earn $25,000, for 4 years up to $35,000, and for five or more years you can earn up to $40,000. Here is a list of 10 great home business opportunities and small business franchises that can each be started for less than $40,000.

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