By the Numbers: U.S. Veteran-Owned Businesses (Infographic)

Grow Your Business, Not Your Inbox

Stay informed and join our daily newsletter now!
2 min read
Opinions expressed by Entrepreneur contributors are their own.

In the more than 10 years since the terrorist attacks of September 11, 2001, between 2.5 and three million U.S. soldiers have served in active duty. For many of them, the transition back to civilian life is a difficult one. Veterans who find they don't enjoy, or can't fit into, ordinary working life turn to entrepreneurship at greater rates than the rest of the population.

CreditDonkey.com, a credit card comparison and financial education website, has created an infographic to show the impact of veteran entrepreneurship in real terms. More than 2.4 million U.S. businesses are owned by veterans, about nine percent of all American firms. They employ 5.8 million employees and dole out $210 billion in annual payroll.

Their revenue is no chump change, either. About 78 percent of veteran-owned businesses register sales of $100,000 or more, while more than 38 percent have sales of half a million or more.

Also interesting is the average age of veterans who run businesses. Whereas less than 37 percent of all business owners across the U.S. are 55 years of age or older, slightly more than 75 percent of veteran business owners are at least 55 years old, which may reflect a return to civilian life after a long military career. And as for geographic region, California, Texas and Florida lead the pack in numbers of veteran-owned businesses.

Check out the infographic below for the full picture.

 

Click to Enlarge+

By the Numbers: U.S. Veteran-Owned Businesses (Infographic)

 

Related: Entrepreneurship Bootcamp Gives Wounded Veterans a New Life

More from Entrepreneur

Our Franchise Advisors are here to help you throughout the entire process of building your franchise organization!
  1. Schedule a FREE one-on-one session with a Franchise Advisor
  2. Choose one of our programs that matches your needs, budget, and timeline
  3. Launch your new franchise organization
Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • Bonus: A FREE 1-year Entrepreneur magazine subscription delivered directly to you
Whether you want to learn something new, be more productive, or make more money, the Entrepreneur Store has something for everyone:
  • Software
  • Gadgets
  • Online Courses
  • Travel Essentials
  • Housewares
  • Fitness & Health Devices
  • And More

Latest on Entrepreneur