This paper reviews the current state of research on veteran entrepreneurship, identifies critical gaps, and offers recommendations for future research. The authors reviewed federal datasets and scholarly literature (via Web of Science, Scopus, PubMed, and Google Scholar). This review reveals that a majority of the knowledge on veteran entrepreneurship is concentrated on veteran-specific traits, how these traits equip them to be successful entrepreneurs, and employment assistance programs for veterans with a service-connected disability. The paper is organized into three sections: a background section on national- and veteran-owned business ownership trends, a review of the current academic literature on veteran entrepreneurship, and a final section that identifies key research gaps and next steps, including emerging topics of interest such as women veteran and minority veteran business owners.