Soldiers Turn Entrepreneurs as One Million Exit Military | Bloomberg


Robert Rummells, a U.S. Army Ranger for 22 years, says it was a natural transition when he opened a Mosquito Joe pest-control franchise in Richmond, Virginia, earlier this month.“I’m an outdoor type of guy, and I didn’t want to be chained to my computer in an office, talking on the phone,” said the 49-year-old, who tried jobs such as installing equipment at a community college and simulated firearms training after retiring from the military in 2009. “I learned I needed to work for myself.”

As more former service personnel turn to entrepreneurship, they’re generating jobs that are helping to cut the unemployment rate for veterans to a four-year low of 6.2 percent in April, lower than the 6.9 percent rate for adult non-veterans. The boost to the labor market matters: More than a million Americans are projected by the White House to transition out of the military through 2015.

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