National Mom and Pop Business Owners Day
National Mom And Pop Business Owner’s Day is a holiday that recognizes the critical role that small businesses play in the economy of the United States. This day is celebrated annually on March 29th, and people can celebrate this holiday by taking a few moments to show the businesses in their area a little bit of love and support.
The History Of National Mom And Pop Business Owner’s Day
Even though some people might not realize it, this holiday is one that’s been celebrated for over 81+ years. It was a holiday that was started in 1939 by Rick and Margie Segel. They founded this holiday to celebrate their parent’s successful hat shop. It’s a holiday that’s been celebrated ever since.
Facts About Small Businesses
Since by definition a mom and pop business is a small business, we’d like to share with everyone some facts about small businesses that we thought were fascinating.
Most U.S Small Businesses Are One Person Operations
One of the most interesting facts about small businesses in the United States is that the vast majority of them are owned by just one person. It’s estimated by the U.S Small Business Association Office of Advocacy that 70% of small businesses are operated by a single individual.
Small Businesses Employ A Lot Of People
Another interesting fact is that small businesses account for 99.7% of U.S employer firms, 64% of new private-sector jobs, and 49.2% of private-sector employment. It’s also worth mentioning that small businesses account for 46% of all private-sector output.
There Are A Lot Of Small Businesses
There are over 28 million small businesses in the United States, and only 18,500 firms employ 500 or more people. Home-based businesses account for 52% of the small business shares, while small business corporations only account for 19.5%.
Small Businesses Pay Almost Half Of U.S Employee Payroll
What a lot of people may not realize is that a lot of people receive their checks from a small business. It’s been estimated that up to 44% of U.S payroll is paid every year by small businesses.
Celebrating National Mom And Pop Business Owner Day
There is a number of different ways that a person can celebrate this holiday. The first way is by them spending some of their money at a local small business that they enjoy. Another way is to spread the word about a small business using the hashtag #NationalMomAndPopBusinessOwnerDay, and the last way is to simply write a small business owner a thank you note for the service they provide. If all of us take the time to celebrate this holiday, we can help small businesses remain strong all year long—and that’s very good for the economy.