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    Larry Plummer: Why Military Veterans Make Good Entrepreneurs

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    By on Opinion, Workforce & Economy

    Since 2008, I have been an instructor for the Entrepreneurship Bootcamp for Veterans (EBV).  Led by Syracuse University, the EBV Consortium includes 10 universities — now including the University of Colorado Colorado Springs — offering a first-class education experience for entrepreneurial veterans. Through the years, I have come to understand some of the reasons why military service makes veterans good entrepreneurs — and why sometimes they struggle with business ownership.

    First on my list: Most veterans have an empowering appreciation of what defines a “bad day.” As an educator, it’s my duty to explain that only about 40% of new businesses will last two years and only about 10% last four years. Although many are daunted by such risks, veterans seem to take it more or less in stride. As one combat veteran put it, “as long as no one is shooting at me, I’m good.”

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