Hi guys, Welcome to the Advanced Video Search Engine, and you are watching Why more military spouses are turning to entrepreneurship. That video is uploaded by CNBC Television at 2021-07-17T07:39:16-07:00. We are promoting this video only for entertainment and educational purpose only. So, I hope you like & enjoy it. [rHzTR6J4f1Y]
| Name | Why more military spouses are turning to entrepreneurship |
| Video Uploader | Video From CNBC Television |
| Upload Date | This Video Uploaded At 17-07-2021 14:39:16 |
| Video Discription | Military spouses often face greater unemployment than their civilian counterparts. In 2019, they had a 26% wage gap and 22% unemployment rate. This year, unemployment is expected to be as high as 35%. That is why so many are turning to entrepreneurship. Out of the more than 12 million military spouses in the united states, 48% are self-employed, business owners, or aspire to be, according to the Military Spouse Chamber of Commerce. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi Supporting a family while your spouse is active duty in the military isn’t easy. Since military families typically relocate every two to three years, spouses find themselves constantly on the move, which makes it difficult to hold a steady job and pursue a career. “You never know what’s going to happen, you didn’t know when you’re going to have to move or where you’re going to have to go,” said Flossie Hall, a mother of four whose husband, Michael, is a Chief Petty Officer in the U.S. Navy. “You get beaten down psychologically and emotionally, because you don’t get to chase your career goals, you don’t get to really plug in,” she added. “You really lose your sense of identity.” Military spouses often face greater unemployment than their civilian counterparts. In 2019, they had a 26% wage gap and 22% unemployment rate. This year, unemployment is expected to be as high as 35%. That’s why Hall and many others have turned to entrepreneurship. Out of the more than 12 million military spouses in the U.S., 48% are self-employed, business owners, or aspire to be, according to the Military Spouse Chamber of Commerce. “You don’t have to go through traditional employment and quit your job every two to three years,” Hall said. “You can start your own business and dictate your own pay and dictate your own career path.” She co-founded the Association of Military Spouse Entrepreneurs (AMSE), which connects military spouse entrepreneurs with the tools and resources to become successful in launching and growing their businesses. “When I started AMSE … there was lots of great resources for veterans, and veteran entrepreneurs and entrepreneurs, but nothing specifically for military spouse entrepreneurs,” she said. Navy veteran Melissa Green, a mother of four and the wife of Landis Green, a retired Gunners Mate in the U.S. Navy, is one of the nearly 2,000 entrepreneurs Hall has helped. “It was pretty difficult to start a business, at least for me, because I didn’t know that there were ways to start a business while my husband was in the military,” she said. However, with AMSE’s support, she launched her own coffee company, Southern, Sweet & Sassy, out of her home earlier this year. Certified financial planner Tara Falcone also pursued entrepreneurship after beginning her career on Wall Street. With her husband, John Falcone, frequently re-stationed as an officer in the U.S. Navy, she found more flexibility in entrepreneurship. She started the financial technology company, ReisUP, and said she would advise other military spouses struggling with the military lifestyle also consider starting up their own businesses. “I’ve never felt more purpose driven, and more excited about what the future holds,” she said. » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic Turn to CNBC TV for the latest stock market news and analysis. From market futures to live price updates CNBC is the leader in business news worldwide. The News with Shepard Smith is CNBC’s daily news podcast providing deep, non-partisan coverage and perspective on the day’s most important stories. Available to listen by 8:30pm ET / 5:30pm PT daily beginning September 30: https://www.cnbc.com/2020/09/29/the-news-with-shepard-smith-podcast.html?__source=youtube%7Cshepsmith%7Cpodcast Connect with CNBC News Online Get the latest news: http://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC https://www.cnbc.com/select/best-credit-cards/ #CNBC #CNBCTV rHzTR6J4f1Y |
| Category | News & Politics |
| Tags | Invest in You: Ready Set Grow | CNBC |
