Military veterans are finding a new mission by starting their own businesses, especially in North Texas.
The Dallas-Fort Worth area has 58,587 veteran-owned companies, the most in the state, according to the Census Bureau’s Survey of Business Owners.
The Dallas Morning News reported on the trend over the weekend.
Veterans are more likely to become entrepreneurs for a variety of reasons. Military officers already have many of the skills it takes to lead and find that being self-employed fits their lifestyle better, according to the DMN story.
“They have a lot of amazing qualities — when they get out of the military, they’re equipped to take on additional risk,” Wade Myers, managing director for Southlake-based Boldmore Growth Partners, told the DMN. “In entrepreneurship, you have to enter into it knowing you will have failure.”
The climate in North Texas ranks third in the country for being supportive of veteran-owned businesses, according to Thumbtack.
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