Exploring Veteran Entrepreneurial Success Factors

This research initiative aims to explore entrepreneurial success factors for veterans and veteran-owned businesses. Starting in early 2016, the IVMF research team took the first steps at reviewing the current entrepreneurship literature and analyzing different success factors with capital, creativity, risk, networks, and leadership, in addition to reviewing the limited literature on veteran entrepreneurship and veteran-owned start-up companies. From our analysis and the IVMF’s veteran entrepreneurship expertise, we discuss entrepreneurial success factors for veterans and how veterans are poised to use their military skills in developing their own companies. We aim that this initiative will help expand the literature and research on veteran entrepreneurs. We also hope that it can inform companies, recruiters, and policymakers of characteristics and traits of veterans which will lead to entrepreneurial success.

Key Highlights

  • An initial literature review was conducted in the spring of 2016 to provide the first comprehensive piece that examines both entrepreneurial success factors and veteran entrepreneurship.
  • Based on the literature review and IVMF experiences with entrepreneurial veterans through programs such as the Entrepreneurship Bootcamp for Veterans (EBV), the IVMF provided recommendations and analysis on key success factors for veteran entrepreneurs and veteran-owned businesses.