10+ Best & Profitable Veteran Business Ideas [2023]

Are you a Veteran searching for new business opportunities? Look no further! Our list of the 10+ best and most profitable Veteran business ideas in 2023 will help you get started on your path to successful entrepreneurship. Explore our list now to find the perfect fit for you!
Nick

By Nick Cotter
Updated Feb 07, 2024

Image of veteran business ideas
This page may feature products from our affiliate partners, which could influence the products we discuss due to potential compensation. Despite this, our evaluations are impartial, based solely on our independent analysis. The content here is intended for informational purposes and should not be seen as legal advice. For professional guidance, consulting with a legal expert is recommended.
What are you waiting for?
Quit that job & start your business with ZenBusiness today.

Hey there, future entrepreneur! So you've hung up your uniform, retired the boots, and now you're ready to embark on a new adventure. That's right, we're talking about the exciting world of business. But where to start, you ask? Well, you're in the right place!

As a veteran, you've got a unique set of skills that can be incredibly valuable in the business world. Leadership, discipline, strategic thinking - these are all qualities that successful entrepreneurs need. And guess what? You've already got them in spades.

But finding the right business idea can be a bit like finding a needle in a haystack, can't it? Don't worry, we've got you covered. We've sifted through the noise and picked out the absolute best, most profitable business ideas for veterans in 2023.

So buckle up, get ready to take notes, and let's dive into this treasure trove of opportunities. The journey to your next big venture starts right here, right now. Let's make it count.

Home Health Care Services

Home health care services provide a range of healthcare services, such as medical and nursing care, physical therapy, social work, and home health aides, to individuals in the comfort of their own homes. Home health care has become increasingly popular as a business idea due to the growing demand for healthcare services and the need for convenient medical options over traditional medical facilities. Here are some of the benefits of starting a home health care business:

  • Convenience for clients – Many seniors and those with chronic illnesses prefer to receive healthcare in their own homes than having to travel to a doctor's office.
  • Flexibility – As an entrepreneur, you can decide when you want to work and can accommodate clients with flexible scheduling.
  • Lower cost of operation – As compared to traditional medical facilities, setting up a home healthcare business requires very little capital.
  • Targeting the right market – Due to the rise in demand for home health care services, there is an opportunity to target customers with specific needs.
image of a Home Health Care Services

Mentorship And Consulting Business

A Mentorship and Consulting business provides guidance and advice to help clients reach their goals. This type of business can focus on a variety of areas, including marketing, finance, sales, life coaching and more. It can be highly rewarding to provide both mentorship and advice to help people start a business or further their career.

  • It is a flexible type of business that can be adapted to suit different consulting needs
  • Flexible working hours that can accommodate individual and corporate clients in different time zones
  • The potential for high profits from the knowledge and skills provided
  • The opportunity to build valuable relationships with existing and new clients
  • Can be tailored for remote consulting services for increased convenience and reduced costs
Featured Business Formation Partners
image of ZenBusiness logo
ZenBusiness
Turn your business vision into reality with ZenBusiness's streamlined LLC formation and expert support services.
Newfoundrz Rating ★★★★★
image of Northwest Registered Agent logo
Northwest Registered Agent
Secure your business's future with Northwest Registered Agent's personalized LLC formation and privacy-focused expertise.
Newfoundrz Rating ★★★★★
image of Bizee logo
Bizee
Kickstart your business effortlessly with Bizee's comprehensive LLC services and free first-year registered agent support.
Newfoundrz Rating ★★★★★

Examples of successful businesses:

There are a number of successful companies dedicated to helping veterans find employment, start businesses, and achieve financial stability. Below is a list of examples of some of these companies:

  • Bunker Labs
  • Vet-Fran
  • Hire Heroes USA
  • American Corporate Partners (ACP)
  • The Institute for Veterans and Military Families
  • National Veterans Business Development Council (NVBDC)
  • Operation Startup
  • VetJobs
  • Military Spouse Corporate Career Network (MSCCN)
  • Veteran Business Outreach Center Program (VBOC)

It Management Services

IT management services are commonly used by businesses to manage and maintain their information technology environment. A good business idea is to provide IT management services to clients. Benefits of such a business include:

  • Cost savings from improved efficiency and technology
  • Reduced risk of downtime due to outages, malware, or other issues
  • A reliable system that is easy to troubleshoot and maintain
  • The ability to respond quickly to changes in customer requirements
  • The ability to work with third-party vendors for additional IT support

More resources:

Web Design And Development

Web design and development is the process of creating websites, web applications, and other online services that are accessible through the internet. It involves building a website from the ground up, using HTML, CSS, and programming languages such as JavaScript or PHP. Web design and development is a great business idea for individuals who are creative and have an interest in technology. Here are some advantages of starting a web design business:

  • Growth potential: Many businesses now need a website in order to stay competitive. This means there is an increasing demand for web designers and developers.
  • Flexible working hours: You can work around your own schedule
  • Reward for creativity: It’s incredibly satisfying to be able to create something from scratch.
  • Work with interesting clients: You can work with clients all over the world and on different types of projects.

Virtual Assistant Services

A Virtual Assistant (VA) is a person who provides administrative, creative, or technical support services from a remote location. VA’s offer a range of services such as customer service, bookkeeping, web design, and virtual assistance. This makes them an attractive option for businesses looking for cost effective solutions for their day-to-day needs. VA services can free up time for businesses to focus on their core activities and also provide access to specialized skills that may not be available in-house.

  • VA services are cost-effective solutions for businesses
  • Offers freedom of timing, since they can work remotely
  • Provides access to specialized skills that may not be available in-house
  • Free up time for businesses to focus on their core activities
  • Receive same quality of service without the need of conventional office setup

Related business ideas:

Mobile App Development

Mobile app development is the process of creating software applications that run on mobile devices such as smartphones and tablets. It is a rapidly growing industry due to the increased demand for mobile applications from users, making it a great business idea. Here are some reasons why mobile app development is a smart business idea:

  • Quick and inexpensive to create compared to traditional software development.
  • High potential for return on investment
  • Potential for scalability to multiple platforms.
  • Reach a global audience with little marketing expenditure.
  • Developers can gain feedback from users in real-time.

Courier Services

A Courier services is a business that offers delivery of goods. It is an efficient and cost effective way to transport items from one place to another. The business owner can make a good profit from offering the service, as the demand for faster delivery of goods from customers is continuously increasing. Here are some advantages of starting a Courier services business:

  • Ability to deliver goods quickly
  • Convenience for customers
  • Provides a competitive edge for businesses to offer their services in faster time frames
  • Flexible working hours
  • Low overhead costs and minimal capital requirements

Home Repairs And Maintenance

Home repairs and maintenance is a great business idea for those that have a knack for working on projects around the house. It involves finding issues, performing repairs and upkeep, and providing solutions to problems that come up in any home. Potential customers can range from home owners who are looking for help with maintenance programs, to people who need help fixing complex broken or malfunctioning systems. Here are some of the benefits of starting a home repairs and maintenance business:

  • You can increase your income when you provide these services to clients.
  • You will gain a greater understanding of how home systems work.
  • You will have the chance to build relationships with customers.
  • You may be able to work flexible hours.
  • You will be able to do the work you love while being your own boss.

Financial Planning And Advisory Services

Financial planning and advisory services provide advice to individuals and businesses on how to manage their money. This includes advice on investments, retirement planning, tax planning, estate planning, insurance, budgeting and debt management. Financial advisors work with clients to develop a comprehensive plan to help them reach their long-term financial goals.

  • Access to Expert Advice - Financial advisors have the knowledge and expertise required to help you manage your financial goals. They can offer you professional advice that is tailored to your individual situation.
  • Unbiased Recommendations - Financial advisors are usually independent and have no vested interest in promoting any particular product or company. This means that they are not influenced by product or company sales targets.
  • Objective Advice - Financial advisors are trained to provide objective advice. They will assess your situation and give you the best options based on their knowledge of the markets, products and financial regulations.
  • Time Saving - A financial advisor can save you time by doing all the research and making recommendations that are suitable for your lifestyle, budget and investment objectives.
  • Peace of Mind - Knowing that an experienced professional is managing your finances gives you peace of mind that your money is being managed in the best way possible.

Tutoring And Education Services

Tutoring and education services provide personalized instruction and support to individuals who need help in mastering a certain subject or area of study. This business idea offers a great opportunity for those who have the skill and dedication to help students reach their academic goals. There are several benefits to starting a tutoring or education service, including:

  • You can target specific age groups or subject areas you specialize in.
  • Flexible hours to suit your individual lifestyle.
  • Low overhead costs and minimal start-up investment.
  • Ability to work from home, school, or other locations.
  • High earning potential.
  • The opportunity to make a positive difference in the lives of students.

Nick

Founder and CEO

I'm Nick, co-founder of newfoundr.com, dedicated to helping aspiring entrepreneurs succeed. As a small business owner with over five years of experience, I have garnered valuable knowledge and insights across a diverse range of industries. My passion for entrepreneurship drives me to share my expertise with aspiring entrepreneurs, empowering them to turn their business dreams into reality.

Through meticulous research and firsthand experience, I uncover the essential steps, software, tools, and costs associated with launching and maintaining a successful business. By demystifying the complexities of entrepreneurship, I provide the guidance and support needed for others to embark on their journey with confidence.

From assessing market viability and formulating business plans to selecting the right technology and navigating the financial landscape, I am dedicated to helping fellow entrepreneurs overcome challenges and unlock their full potential. As a steadfast advocate for small business success, my mission is to pave the way for a new generation of innovative and driven entrepreneurs who are ready to make their mark on the world.