Small Business Week 2024
For more than five decades, the U.S. Small Business Administration (S.B.A) has celebrated Small Business Week (NSBW), which recognizes the vital contributions that small businesses make to our economy and communities.
“Over 50 percent of Americans are either employed by or own a small business, contributing to the creation of approximately two-thirds of all new jobs annually in the United States,” says Robert Cavanagh, Senior Vice President of Investments at David Lerner Associates, Inc.
During National Small Business Week, the SBA spotlights exceptional entrepreneurs, small business owners, and supporters of entrepreneurship who strive to expand small enterprises, generate 21st-century employment opportunities, foster innovation, and enhance America’s global competitiveness.
In addition to honoring exceptional entrepreneurs, this week’s objective is to inspire other small business owners to glean insights from the marketing strategies and operational practices of larger enterprises, empowering them to expand and enhance their own ventures.
When is Small Business Week 2024?
Small Business Week is typically observed during the first week of May. In 2024, it will be celebrated from April 28 to May 4, providing an opportunity for individuals and communities to come together to support small businesses. It’s a time to recognize the hard work, innovation, and resilience of small business owners and entrepreneurs nationwide.
History of Small Business Week
Since the U.S. gained independence in 1776, the American Dream has inspired people to pursue fortune, often through small-scale businesses.
The California Gold Rush attracted many entrepreneurs who later established businesses nationwide. This tradition led to creating the ‘Land of Opportunity’ catchphrase.
The Small Business Administration (S.B.A.) was formed in 1953 to help small businesses to prosper and grow into sustainable future businesses.
1963, President Kennedy proclaimed the first National Small Business Week, honoring top entrepreneurs and inspiring others.
Since then, Small Business Week has evolved into an annual celebration that highlights the achievements and challenges of small business owners and entrepreneurs.
Who Gets Involved in Small Business Week?
Small Business Week is a time for everyone to support small businesses. This includes small business owners consumers, community leaders, policymakers, and organizations that provide support and resources to small businesses. It’s a collaborative effort to raise awareness about the importance of small businesses and promote their success.
Small Business Week Participation Ideas
- Shop Local: One of the best ways to support small businesses during Small Business Week is to shop at locally-owned stores and restaurants. Look for opportunities to purchase goods and services from small businesses in your community, whether grabbing a coffee from a neighborhood café or shopping for gifts at a boutique shop.
- Share Your Story: During Small Business Week, share your business journey and motivations with your audience. Your unique story sets you apart and strengthens your connection with customers. Take this opportunity to reveal the heart of your business, showcasing why you do what you do and what drives you forward.
- Appreciate Those Who Keep Your Business Going: Express gratitude to those who contribute to your business’s success, whether it’s your dedicated staff, loyal customers, or supportive mentors. Acknowledge their contributions with a personal thank-you gesture, such as face-to-face appreciation, handwritten cards, emails, or social media posts. These gestures show gratitude, strengthen relationships, and foster community within your business ecosystem.
- Attend Events: Many communities host special events and activities during Small Business Week to celebrate and support small businesses. Attend local markets, fairs, and networking events to connect with small business owners and learn more about their products and services.
- Spread the Word: Use your voice and social media platforms to promote small businesses in your area using hashtags like #SmallBusinessWeek and #SmallBizSuccess. Share your favorite small businesses with your friends and followers, write positive reviews online, and encourage others to support local entrepreneurs.
- Offer Assistance: If you have skills or expertise that can benefit small businesses, consider volunteering your time or services during Small Business Week. Offer to help with marketing, social media, or other areas where small businesses may need support.
Conclusion
Small Business Week is a time to recognize the importance of small businesses in our economy and communities.
By supporting small businesses through shopping, promotion, and participation in events, we can help ensure their continued success and vitality.
Are you looking to maximize your small business potential? Partner with David Lerner Associates for expert financial guidance and support tailored to your entrepreneurial journey. Contact us today to unlock new opportunities and achieve success during Small Business Week and beyond!
Material contained in this article is provided for information purposes only and is not intended to be used in connection with the evaluation of any investments offered by David Lerner Associates, Inc. These materials are provided for general information and educational purposes based upon publicly available information from sources believed to be reliable– we cannot assure the accuracy or completeness of these materials. The information in these materials may change at any time and without notice.Top of Form