Image credit: Justine Monae

Veterans are increasingly channeling their military training into entrepreneurial ventures, impacting the U.S. economy. Presently, veterans own 1.9 million businesses, accounting for about 6% of all U.S. businesses, underscoring their integral role in the national marketplace (SBA’s Ofice of Advocacy). Despite recent declines in startup rates among veterans, their contribution to the business sector remains critical.

Veterans bring a distinctive blend of discipline, strategic planning, and resilience to the business world—traits that are particularly valuable in today’s fast-paced market environments. Their experiences in diverse and high- pressure situations equip them with the skills needed to navigate the complexities of entrepreneurship.

Veteran-owned businesses are a major economic force, employing over five million Americans and spearheading innovative business practices that foster sustainable growth. The strategic and resilient qualities that veterans bring to the table are crucial in driving not only their enterprises but also broader community and economic development.

Among these veterans, Certified Financial Planner™ Melissa Estrada who transitioned from the Marine Corps over a decade ago. She has made significant strides in the financial sector with her firm, Fidela Wealth. Her expertise exemplifies the successful translation of military skills into savvy business practices.

Fidela Wealth: A Model of Veteran-Led Business Success

To gain deeper insights into how military experiences influence entrepreneurship, we spoke with Melissa Estrada, CFP®. Melissa founded Fidela Wealth last year, drawing on her extensive background in finance, including a BS in Finance and a Master’s in Public Accounting. Fidela Wealth offers financial advisory services. The firm embodies the values of dedication and meticulous service, attributes deeply ingrained in military culture. Melissa’s insight sheds light on this unique transition.

Q: What unique perspectives do veterans bring to entrepreneurship?

Image credit: Justine Monae

A: “In the military, we’re trained to confront complex challenges head-on, with a level of accountability and strategic foresight. When veterans step into entrepreneurship, they bring this profound sense of duty and a tactical approach tobusiness. It’s not just about getting the job done; it’s about doing it with honor and a thoroughness that can really set a company apart. Our sense of duty and focus on strategy enriches business practices, influencing everything from operations to company culture.”

Q: How do you see the role of veteran entrepreneurs evolving?

A: “Veterans are particularly well-prepared for entrepreneurial challenges from our experience of discipline and perseverance honed during our time in the service. While Veteran’s in my generation have ventured into entrepreneurship less than the previous, we are seeing more support structures like veteran-focused networks continue to grow, hopefully so will role of veteran entrepreneurs. I think we can see more of us enter entrepreneurship, if we focus on bridging that gap and highlighting the benefits Veterans bring to business.”

Under Melissa’s guidance, Fidela Wealth has established a solid foundation in financial management. Her commitment to continuous professional development reflects the firm’s dedication to excellence and informed decision-making in serving their clients. This dedication exemplifies the broader trend among veteran entrepreneurs who continuously strive to leverage their unique skills and experiences to not only enhance their businesses but also to contribute robustly to the economic landscape.

Enhancing support for veteran entrepreneurs through targeted programs can help maximize their potential to drive further economic diversity and innovation. Consider connecting with the Veterans In Business Network to support veteran-owned businesses, Or look for the Veteran-Owned logo when shopping, as it’s a simple way to identify and choose veteran-owned businesses in your community and online. By supporting these groups and recognizing the logo, you help empower veterans to leverage their unique skills in the business world, fostering innovation and economic diversity.

About Fidela Wealth

Founded by Marine Corps veteran Melissa Estrada, Fidela Wealth commits to the highest standards of service, offering comprehensive wealth management that aligns with the specific needs of its clients.