National Small Business Day

National Small Business Day is an American holiday dedicated to small businesses. Thanks to many enterprising people, America began to develop at a rapid pace. This is largely due to entrepreneurs, who start small businesses that either grow or become the foundation for something new and socially useful. These businesses also play a crucial role in maintaining the stability of the economy. The holiday is celebrated annually on May 10.

History

Small businesses have existed in the United States since its founding. The arrival of immigrants from Europe and other countries was a key factor in the birth of entrepreneurship. These individuals developed new lands and started businesses to make a living and build their lives in the country.

During the 19th century, entrepreneurship in the United States expanded rapidly. As the number of wealthy people grew, so did the demand for goods. Many small businesses gradually evolved into large corporations.

The next stage of small business development came in the 20th century, when fierce competition among large companies intensified. The Great Depression of the 1930s encouraged the rise of small entrepreneurs, who did their best to survive in difficult conditions. Today, small businesses continue to play a vital role in the U.S. economy, attracting new entrepreneurs with innovative ideas.

Interesting Facts

• More than 90% of businesses in the United States are small businesses.
• New Zealand is considered the best place to start a new business, with the registration process for entrepreneurs taking just a few days.
• Approximately one-quarter of U.S. businesses are family-owned.

How to Celebrate

Congratulate the entrepreneurs you know who are developing small businesses. Learn about the process of starting a new business and the challenges entrepreneurs may face. Research current small business ideas online.

Spread the word about the holiday on social media. Ask your followers if they are involved in business and what they do.

When is National Small Business Day in 2025?

National Small Business Day is observed on May 10 each year.

Observations