One of our product values at The Grommet is to promote ‘underrepresented entrepreneurs.’ They’re Makers facing extra difficulties on top of the already immense challenges of bringing a business to life. One of the groups under this underrepresented umbrella: veterans.
Fundera, a small business loan service, notes one in seven veterans currently seek to be self-employed or own a small business. 2.45 million veterans already do and they’re contributing $1.2 trillion in sales to the country’s economy.
According to Fundera, “the small business world would be a shadow of itself without the contributions of military veterans.”
It’s nothing new. Nearly half of World War II vets owned or operated a business. They had the skills. Leadership and creative problem solving easily transition from battlefield to office. And of course one of the few things riskier than starting a business is war.
And yet, funding access remains elusive for them and all of our underrepresented entrepreneurs. With Veteran’s Day this week, let’s get patriotic. To the vets! Here are unique and innovative products made by veterans.