Business ideas
15 min read

10+ Best & Profitable Veteran Business Ideas in 2023

Starting a business can be an intimidating endeavor for anyone, but for veterans of the Armed Forces, the prospect can feel especially daunting. But the truth is that veterans possess many qualities that make them uniquely suited to entrepreneurship. They have the skills needed to succeed, such as discipline, commitment to excellence, resourcefulness, and leadership. For these reasons and more, veteran-owned businesses are often highly successful. As such, there are a wide variety of profitable business ideas available to veteran entrepreneurs in 2023. In this article we’ll explore 10+ of the best and most profitable veteran business ideas for 2023 so that you can select the one that best suits your goals and resources available to you. We’ll also discuss how you can get started and answer any other questions you may have about starting a veteran-owned business. Whether you’re looking for an idea to turn into a steady side hustle or hoping to become the next big entrepreneur success story, this list will provide great inspiration and help guide you in the right direction.

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Updated on:
April 2, 2023
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Table of Contents:

Our List of 10+ Best Veteran Business Ideas:

1. 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.

2. 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

3. 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

4. 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.

5. 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

6. 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.

7. 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

8. 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.

9. 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.

10. 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.
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Successful Examples of Veteran 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)
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