Although the military provides much structure many veterans, particularly combat veterans, make decisions in the face of significant ambiguity and uncertainty. Dealing with a chaotic situation, knowing that the first plan might not work and being willing to adapt are essential characteristics. Entrepreneurship is very similar. You must make the right judgement, at the right time, quickly, with inadequate information and adapt if things are not working. Likewise military personnel face significant risks and must have some tolerance for risk. If you are faced with decisions that may lead to yours or somebody else’s death or injury then placing your entire livelihood on the line in a venture may not seem that risky. Even the military tempo of long periods of boredom followed by sudden periods of frantic effort mimic the tempo of entrepreneurial life, where the next business crisis is just around the corner. Being in a crisis drives adrenaline and can be exciting. Following this type of experience with a mundane job may simply lack the adrenaline rush someone is used to. Military personnel must also make do with the resources available while getting the job done. Again entrepreneurship is similar. The entrepreneur must bootstrap; barter, beg and borrow whatever resources she or he can in order to fulfill new orders. In the military it is not unusual to work and lead small teams; a very similar challenge to leading and managing the typical small business. So it seems that veterans may be well placed to make good entrepreneurs but before you embark on this road make sure entrepreneurship is right for you because there are also plenty of unsuccessful veteran entrepreneurs.
The original charter of Rice University, drafted in 1891, established a school here dedicated to the advancement of literature, science and art. These days, Rice seems equally dedicated to the advancement of the next Mark Zuckerberg.