The Institute of Leadership & Management’s recent Leadership Redeployed research found that veterans tend to run into culture problems while attempting to convey their skills and achievements to prospective new employers…
However, a recent initiative from the Federation of Small Businesses (FSB) suggests that it has never been a better time for veterans to explore an alternative path: entrepreneurship.
On 20 April, the FSB announced that it had struck up a partnership with X-Forces Enterprise – an organisation that helps veterans to create and run their own businesses.
Under the new partnership, X-Forces’ annual Soldiering On Awards, which recognises achievements in veteran-owned businesses has welcomed three new categories – Start Up, Scale Up and Community Impact – with the FSB granting a year’s honorary membership to each of the winners, so they can access the relevant benefits and support.
X-Forces Enterprise CEO Ren Kapur said: “We are delighted to be embarking on a new partnership with the FSB, collaborating to support and nurture new business owners emerging from the UK’s military community.”
FSB national chairman Mike Cherry – who served as an Armed Forces Reservist – added: “Many skills learned in the forces are pertinent to running a business – technical skills, logistics, leadership and management. Plus, tenacity and resilience.”