5 Industries for Veteran Entrepreneurs to Consider

It has never been easier to start a small business in the United States. The shift to a digital marketplace has opened many doors, especially for veterans and military families. However, you need to carefully consider what industry you want to open before making the leap.

When considering an industry – you’ll want to carefully analyze your personal skill set, market saturation, cost to operate, and opportunities to scale. Here are a few options to consider.

#1: Information Technology

There is a great demand for skilled information technology professionals in the government, business-to-business, and business-to-consumer sectors. From I.T. consulting, to service management and more – the value of experienced IT firms is exceptionally high, and shows little sign of slowing down. If you love working with computers, problem solving, and innovation – this may be a great industry for you.

#2: Law & Public Policy

 If politics is of interest to you, your military career can actually help you step into a lucrative career in this sector. Options include law enforcement and security firms, opening an office as an attorney, consulting, lobbying, and managing non-profits. You may even consider running for public office.

#3: Leadership/Management Consulting

Time in the military has given you the opportunity to develop highly sought-after leadership skills. As a veteran, you can transition these skills into a consulting business for companies and organizations fairly easily. The key to success in this field will be branding yourself and learning to network effectively in the civilian sector. A business degree will also greatly add to your ability to command a sustainable rate.

#4: Digital Marketing Design/Development

Love marketing? There is substantial demand for quality graphic and website design firms, marketing consulting firms, and video production services. If creativity is your thing – this may be a great option for your business. This industry can be highly competitive, and building a solid referral network should be a priority before making the leap into business ownership. Reach out to your military community for referral partners – it can give you a head start!

#5: The Trades

Love to work with your hands? If completing a manual-labor intensive project is your thing, you may want to consider home contracting, an auto repair business or similar company. Building trust and a solid referral network will be key to success, but with proper planning – this industry can be extremely satisfying and lucrative for the right entrepreneur.