National Small Business Week—an annual event that honors America's entrepreneurs and small business owners—takes place April 28 through May 4 this year.

Commemorated since 1963, National Small Business Week includes an award ceremony and virtual summit presented by the US Small Business Administration (SBA), as well as local events across the country.

National Small Business Week is an opportunity to share your story, give thanks to those who have been integral to your success, and connect with resources to help grow your company. If this year's celebration has you feeling inspired to achieve a new business goal, connect with our small business attorneys to discuss how we can help you move forward.

What Is National Small Business Week?

The SBA has celebrated National Small Business Week for more than 60 years. According to an SBA press release, the week is a chance to recognize and celebrate the achievements and contributions that small businesses make to the country.^[1]

The US Census Bureau reports that most of the nation's small businesses employ fewer than 20 employees, averaging about 4 employees each.^[2] Collectively, these small businesses have a big impact on the economy. The nation's 33 million small businesses create two-thirds of new jobs, employ close to half of the workforce, and produce more than 40 percent of economic output.

“Small businesses power our nation's economy and are the realization of the American Dream for millions of entrepreneurs,” states SBA Administrator Isabella Casillas Guzman. “From mom-and-pop shops to innovative startups, small businesses create good jobs, provide vital services, and help define the identities of the neighborhoods and communities they serve.”^[3]

Ways to Celebrate National Small Business Week

There are many ways your business can celebrate the spirit of entrepreneurism this year. Here are some ideas for how to get involved:

●      Share your story on social media. Social media has been a boon for small businesses, empowering them to connect with more customers and build stronger brand relationships. Take advantage of National Small Business Week by sharing your story online with a photo, post, video, or live question-and-answer session. Use trending hashtags such as #SmallBusinessWeek, #NSBW, and #NationalSmallBusinessWeek to drive more engagement.

●      Give gratitude. The “pull yourself up by your bootstraps” mentality of small business owners is only part of what has led many of them to success. Customers, employees, and mentors are also a part of your success story. This National Small Business Week, take time to show gratitude to those who helped you get where you are today, whether that is with a heartfelt thank you, a promotional offer, or a gift, such as branded merchandise, that boosts brand recognition.

●      Invest in your employees. Over 80 percent of US small businesses have no employees; about 16 percent have between one and 19 employees; and a small fraction have workforces ranging from 20 to 499 employees.^[4] If you have employees, it is vital that you invest in them and show appreciation. For National Small Business Week, schedule a company event that combines training with fun, or upgrade your office to enhance the workspace.

●      Make connections. Rumors of the demise of in-person events and networking have been greatly exaggerated. Digital technologies were a lifeline for many businesses during the pandemic and remain essential for growth. But tools like data and artificial intelligence cannot totally replace the human touch in business. Use Small Business Week as a platform to build connections with other local companies, local charities, and members of the community.

●      Launch a new project. Society is in perpetual movement. To keep up, your business cannot stand still. The most successful businesses are obsessed with continual improvement. They are always seeking to identify trends and implement methodologies that move the needle. What better way to celebrate Small Business Week than by launching your company's next big thing?

Treat Yourself to a Meeting with Our Small Business Attorneys

Entrepreneurship is equal parts inspiration, motivation, and action. That is where our small business lawyers can help, providing guidance and assistance with legal issues crucial to your business's well-being, including entity structure, intellectual property, licenses and permits, contracts and agreements, capital and financing, sales and acquisitions, taxation, business planning, strategy, and day-to-day needs.

Times of celebration are also a time to reflect on the journey thus far and plan for what lies ahead. Celebrate National Small Business Week by scheduling a meeting with us today.