The Soldier’s Second Act: Navigating the Challenges and Opportunities of Entrepreneurship After Retirement

Norhasyikin Rozali, Zalina Jonit, Mohd Shahid Azim Mohd Saufi, Mohd Shahid Azim Mohd Saufi and Suheil Che Sobry
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Norhasyikin Rozali: Faculty Business and Management, Universiti Teknologi MARA Cawangan Kedah Sungai Petani,
Zalina Jonit: Perbadanan Hal Ehwal Bekas Angkatan Tentera (PERHEBAT)
Mohd Shahid Azim Mohd Saufi: Faculty Business and Management, Universiti Teknologi MARA Cawangan Kedah Sungai Petani,
Mohd Shahid Azim Mohd Saufi: Faculty Business and Management, Universiti Teknologi MARA Cawangan Kedah Sungai Petani,
Suheil Che Sobry: Faculty Business and Management, Universiti Teknologi MARA Cawangan Kedah Sungai Petani,

International Journal of Research and Scientific Innovation, 2024, vol. 11, issue 9, 915-922

Abstract: The transition from military duty to civilian entrepreneurship has distinct obstacles and possibilities. This phenomenal movement has garnered significant interest as seen from the increasing number of veterans engaging in entrepreneurial endeavors. The present study examines the diverse experiences of former military personnel who engage in entrepreneurial endeavors, with a specific emphasis on the obstacles encountered and the prospects they profit from. The present study employs a conceptual research approach that emphasizes on the synthesis and analysis of extant literature pertaining to the obstacles and prospects encountered by veterans during their transition into entrepreneurship. The findings of this study highlight notable challenges, such as restricted access to civilian networks and financial limitations. However, they also demonstrate that veterans have transferable competencies such as leadership and strategic analytical abilities. Furthermore, this study reveals some effective techniques employed by veteran entrepreneurs, for instance using military networks and implementing focused training programs. The aforementioned findings highlight the necessity of customized support initiatives that cater to the distinct requirements of veteran entrepreneurs. Furthermore, they propose that the integration of military and civilian resources can immensely facilitate the process of transitioning. The present study contributes to the extant body of literature by offering valuable insights that can be applied by policymakers, veteran support organizations, and researchers seeking to enhance entrepreneurial results among former military veterans.

Date: 2024
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