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 a credit to entrepreneurs. They start their own small businesses, which gradually grow or become the basis for the creation of something radically new and socially useful. They are also responsible for maintaining the stability of the economy. The holiday is celebrated every year on May 10.
Small business has existed in the United States since its founding. The arrival of immigrants from Europe and other countries was the driving mechanism for the birth of entrepreneurship. These people developed new lands and started their own businesses to make money and make their own lives in the country.
Thus, in the 19th century entrepreneurship in the United States began to develop at a rapid pace. The number of wealthy people was increasing. The demand for goods also grew. Many then small companies gradually expanded and today are already 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 promoted the emergence of small entrepreneurs, who tried their best to survive in difficult conditions. Today, small business continues to occupy an important niche in the U.S. economy and is attracting more and more new entrepreneurs with promising ideas.
- The percentage of small businesses in the United States is more than 90%.
- New Zealand is the best place to start a new business. The procedure for registering an individual entrepreneur takes a couple of days.
- About a quarter of businesses in the United States are family-owned.
How to celebrate
Congratulate the entrepreneurs you know who are developing their small business. Learn about the peculiarities of starting a new business. What kinds of difficulties you may encounter. Look online for current small business ideas.
Spread the word about the holiday on social media. Ask users if they are in business. If so, what do they do?
When is National Small Business Day celebrated in 2024?
NNational Small Business Day is observed on May 10 each year.