Summary
The article argues that veterans possess valuable skills suitable for leading businesses, especially as many baby boomer business owners retire. Veterans have experience in leadership, problem-solving, and crisis management, making them ideal candidates for taking over established companies.
Key Facts
- Veterans are suggested as leaders due to their experience in crisis management and team alignment.
- Each year, about 200,000 service members transition from military to civilian life.
- Nearly 40% of U.S. small businesses are owned by retiring baby boomers.
- Entrepreneurship through acquisition (ETA) involves buying and running existing businesses.
- Military skills such as project management, data analysis, and logistics align with business needs.
- Some major companies, like Nike, Walmart, and FedEx, were founded by veterans.
- Programs are in place to help veterans transition into the workforce and leadership roles.
- Approximately 80,000 veterans and military spouses receive support each year for employment transitions.
