Personal Finance

A National Small Business Owners Day

Some say Matthew Maguire is the father of Labor Day – others say it was Peter McGuire. Both cared greatly for an important segment of the marketplace, its workers.

Regardless of paternity, such a day was first celebrated on Tuesday, September 5, 1882, in New York City, when members of the CLU took an unpaid day off to demonstrate solidarity and, of course, have picnics.

In 1884, President Cleveland designated the first Monday in September as Labor Day and an official federal holiday.

In 1898, Samuel Gompers, then head of the American Federation of Labor, called Labor Day, “The day when toilers’ rights and wrongs would be discussed … that workers may lay down their tools for a holiday … touch shoulders in marching phalanx and feel the stronger for it.”

Alas, entrepreneurs aren’t organized like our unions, probably because we’re too busy making payroll. There is no official Small Business Day set aside by the government as a holiday to salute the few who do so much for so many; a day to honor the real marketplace heroes, small business owners.

There actually is a small business week when the U.S. Small Business Administration recognizes the “creme de la creme” of entrepreneurs in America. But it’s not a federal holiday, and not always the same week each year.

Small businesses represent over 98% of all U.S. businesses and produce over half of the U.S. $15 trillion GDP. Plus, we sign the FRONT of the paychecks of over half (70 million) of all U.S. workers. Let’s see: big deal on Labor Day; no Small Business Day. What’s wrong with this picture?

So, what’s the answer? Let’s celebrate Small Business Day in a way no other national holiday has been established: on a Sunday, because that would create the least payroll expense. August is the month-of-choice because that’s when politicians are home on recess. This way they can practice casting their pearls before small business owners in preparation for eating barbeque with the workers on Labor Day.

To paraphrase Samuel Gompers, small business owners deserve a day for which these signers-of-the-front-of-paychecks have their rights and wrongs discussed; that the small employers of our day may not only lay down their challenges for a holiday, but also touch shoulders in marching phalanx and feel the stronger for it.

Write this on a rock… It’s time for a National Small Business Owners Day.

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Jim Blasingame is one of the world's leading experts on small business and entrepreneurship. He is the creator and award-winning host of the nationally syndicated radio program, The Small Business Advocate® Show. In addition to his weekly columns, Jim is the author of two books; Small Business is like a Bunch of Bananas and Three Minutes to Success.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Small Business

Jim Blasingame

Jim Blasingame is one of the world’s leading experts on small business and entrepreneurship. He’s the creator and award-winning host of the syndicated radio program, The Small Business Advocate Show, syndicated columnist and author of Small Business Is Like a Bunch of Bananas and Three Minutes to Success. His third book, The Age of the Customer®, released in January 2014. Jim has received awards and recognition for his work and leadership on behalf of small businesses from the U.S. Small Business Administration (SBA), Association of Small Business Development Centers (ASBDC), American Chamber of Commerce Executives (ACCE), New York Enterprise Report, FORTUNE Small Business and TALKERS magazine. Google ranks Jim as the #1 small business expert.

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