The Veteran Women’s Enterprise Center hosts online weekly political updates (Monday Morning Message) through a series of powerful conversations with female veteran entrepreneurs aimed to pivot, position and allow businesses to thrive in this transitional time.
Additional online events such as the Trendy Thursday Tips, are geared towards aiding entrepreneurs plan and overcome challenges that reopening after stay-at-home orders are relaxed.
National data shows that only 3% of businesses led by female veterans have managed to hire an employee, according to research published by the National Women’s Business Council. It’s a rate not only lower than their male counterparts but also significantly less than women-led businesses in general.
And yet, the number of businesses started by former servicewomen is skyrocketing. According to the latest data available, their numbers nearly quadrupled from 2007 to 2012. It’s the fastest-growing demographic. This raises the question: Why aren’t those businesses growing?
No one seems to know the answer. Not the multiple federal agencies tasked with researching the issue. Not the National Women’s Business Council. Not Veterans Affairs.The Veteran Women’s Enterprise Center launched in 2018 with a vision to position women veteran owned businesses (Active Duty, Reservist and/or military spouses) as our nation’s leading small business revenue generators and employers.
Their mission is to help women veteran owned businesses (WVOBs) scale for success,establish strategic alliances, leverage public/private-sector opportunities, advocate for relevant research, services and funding, while simultaneously providing on-site the personal and professional resources they need to succeed.
Projected mission outcomes for their clients include, but are not limited to ensuring financial preparedness, certification, doubling of revenues, creating increased employment opportunities, expanding products/services, building viable social capital, and ensuring access to immediate financial resources.