Walker’s Legacy, the largest digital platform for multicultural women in business, proudly recognizes November 11th as Veteran’s Day. In support of Veteran’s Day and Veteran businesswomen, Walker’s Legacy has released a Veteran Women Entrepreneurs Fast Facts Sheet available for download here.
Veterans are special because they leave their families to fight for our country, for our freedom. Veterans Day honors all of those who have served the country in war or peace.
At Walker’s Legacy, we wanted to honor our veterans specifically the women who have served our country and are now pursuing entrepreneurship.
Did You Know?
- Women veterans comprise the fastest growing segment of the veteran population. When the military transitioned to an all-volunteer system in 1973, women accounted for 2% of the military population. (1)
- As of 2016, there were approximately 2.1 million women veterans, comprising 9.6% of the veteran population; this number is only expected to increase. (2)
- As of 2012, veteran women-owned businesses accounted for 383,302, or 3.9% of the 10 million women-owned firms in this country. Veteran women owned firms increased 294.7% in number from 2007 to 2012. (3)
- During the same time period, the number of non-veteran women-owned firms increased by 23.4%, proving that veteran women are outpacing their non-veteran counterparts in terms of launching new businesses. (4)
- In 2012, veteran women-owned firms brought in $17.9 billion in receipts, approximately 2.1 billion more than in 2007. (5)
- Veteran women-owned firms continue to bring in lower receipts than non-veteran women-owned firms. (6)
- For every dollar earned by the average non-veteran woman-owned firm, the average veteran woman-owned firm makes only 32 cents. (7)
- Veteran women-owned firms represent 1.4% of all privately-held firms in the U.S. (8)
- Veteran women are more racially and ethnically diverse than their male counterparts. (9)
The Walker’s Legacy Veteran Women’s Entrepreneur Fast Fact Sheet shines a light on the challenges and over-comings that Veteran women in business face through statistical data. Understanding the systematic inequalities between Veteran women in business and their various counterparts is crucial to establish change and growth for this community of aspiring women.
For the complete Veteran Women Entrepreneurs, Fast Fact Sheet click here.