National Entrepreneur's Day

National Entrepreneur's Day – November 21st, 2023

Radical inventions by brilliant minds have helped shape our lives today and will help our future. This is why National Entrepreneur's Day is slated for every third Tuesday of every year to honor those who have built an empire from the ground.

 

NATIONAL ENTREPRENEUR'S DAY HISTORY

 

The word entrepreneur is derived from the French word 'entrependre,' which means to "undertake," It first appeared in the French dictionary "Dictionnaire Universel de Commerce," produced and published in 1723 by Jacques des Bruslons.

 

The study of entrepreneurship has roots in Richard Cantillon, an Irish-French economist back in the late 17th century and early 18th century, defining the term entrepreneur as a person who pays a certain price for a product and resells it at an uncertain price in his book "Essay on the Nature of Trade in General."

 

Cantillon emphasized the entrepreneur's willingness to take on the risk and deal with the uncertainty in distinguishing between the entrepreneur and the investor. Another French economist, Jean -Baptiste Say, identified entrepreneurs as drivers of economic development as he emphasized their role as one of the collecting factors of production. Both Say and Clinton are referred to as physiocrats.

 

Economist Joseph Schumpeter in the 1930s defined an entrepreneur as a person willing and able to convert a new idea or invention into a successful innovation that would result in new industries and a combination of currently existing inputs, for example, the combination of the steam engine and the wagon to produce the horseless carriage.

 

In 2010, entrepreneur Siamak Taghaddos introduced a petition to create a National Entrepreneur's Day. They could not imagine that America is recognized as the most entrepreneurial country in the world and had yet to establish a day to recognize entrepreneurs. After six months and having gathered thousands of signatures, President Obama in 2010 proclaimed the last day of 2010's National Entrepreneur's Week as National Entrepreneur's Day.

WHY NATIONAL ENTREPRENEURS DAY IS IMPORTANT

 Job Opportunities

With more small businesses coming up, more jobs become available.

 Healthy Economy

When tax collection increases, the economy does well. Therefore, the economy will perform well with increased employment from small businesses and taxes paid on small goods and imported goods.

 Problem-Solving

Entrepreneurship induces creative innovations that improve the quality of an existing service or product or a new invention. The result serves both consumers and the market either way.

Are you a small business operating in the U.S.? 

It's time to get the recognition you deserve. For years most business awards have been focused on celebrating big corporations, but the Best of America Small Business Awards is the only business award for small businesses. Small businesses make up 99% of U.S. companies; this shows how big small companies are for our economy.  

BASA is the real deal, as it is prestigiously independent and was created with an unwavering love for small businesses. The award aims to showcase the best small businesses' notable efforts in growing and building economies, communities, and a better working world while encouraging more small businesses to get excited about new opportunities.

With over 100+ categories to choose from, the award is not influenced by big corporations and has no nepotism, vetting process, or big guys, always winning nature. BASA's independent council of judges only cares about one thing- your work!

 

The BASA statuette is a hand-made work of art uniquely created in Italy by the internationally acclaimed artist Ithaca. Learn more at www.basawards.com.