Key Takeaways
- Discover that Professional Services leads veteran entrepreneurship with 316,575 firms, followed by Construction at 281,342.
- Analyze 1.5 million veteran-owned businesses employing over 15.8 million people across America's top industries.
- Compare industry payroll where Manufacturing averages $1,357 and Health Care averages $1,059 per firm annually.
- Learn that Health Care veteran firms employ 27.4 workers on average, the highest per-firm employment rate.
- Understand how $798.9 million in total annual payroll demonstrates veterans' significant economic contribution.
Table of Contents
🇺🇸 From Service to Success: Veteran Entrepreneurship by Industry
Military service builds leaders, and veteran entrepreneurs are proving it every day across America’s business landscape. Our analysis of the U.S. Census Bureau’s Annual Business Survey reveals where veterans are building successful businesses and creating economic impact through entrepreneurship.
📊 Top Industries for Veteran-Owned Businesses
Where does this statistics data come from?
The data comes from official or cited sources such as government agencies, surveys, and industry reports; check the article and sources section for specifics.
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Many business statistics use U.S. Census Bureau, BLS, BEA, or other federal data.
Industry and trade groups often publish benchmarks and surveys.
Always verify the date and scope of the data when applying it to your situation.
How can I use these statistics for my business?
Use them to benchmark your performance, plan strategy, understand market and industry trends, and support decisions with evidence.
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Compare your metrics (e.g., revenue, employment, growth) to industry or regional norms.
Use trends to anticipate demand, hiring, or investment needs.
Cite statistics in business plans, pitches, and internal planning.
How often is this data updated?
Update frequency depends on the source; government data is often annual or quarterly. Check the article or source for the latest vintage.
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Census and BLS data often have a lag of several months to a year.
Some dashboards and tools are updated more frequently.
When in doubt, go to the primary source for release schedules.
What should I be careful about when using business statistics?
Be aware of definitions (e.g., what counts as a small business), geography and time period, and whether the data applies to your industry or situation.
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Definitions of firm size, industry, and geography vary by dataset.
Averages and aggregates can hide variation; look at breakdowns when available.
Use statistics as one input alongside your own data and judgment.
Who can help me apply this to my situation?
Consultants, accountants, and industry advisors can help you interpret data and apply it to your business; Business Initiative offers consultations for strategy and planning.
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A consultant can help you find the right benchmarks and set realistic targets.
For tax and structure questions, work with a qualified professional.
Use the data to ask better questions in those conversations.
--- **Source**: U.S. Census Bureau Annual Business Survey (ABS) - Company Summary 2020–2022 **Follow Us**: [@BisInitiative](https://twitter.com/BisInitiative) **Ready to Lead Through Business?** Baruch Hashem, your veteran-owned business can dominate any industry—[Take Initiative Now](https://businessinitiative.org/register/)!
