Summary: Over the past two years, small businesses have had to adapt to COVID-19 safety policies to keep their employees and customers safe. This March 29, more than ever, is a great time to celebrate Mom and Pop Business Owners Day. Small businesses are the lifeblood of the U.S. economy. In 2021, there were
32.5 million small businesses in the U.S., accounting for 99.9% of the businesses in the country. There are 61.2 million small business employees or 46.8% of all U.S. employees. 70% of all new jobs come from small businesses. Many of these small businesses are family-owned, or “mom and pop” organizations. It’s interesting to note that some of
today’s Fortune 500 companies, such as Nike, Patagonia, Whole Foods and Ben & Jerry’s started off as these types of mom and pop businesses.
Celebrate Your Local Mom and Pop Business
March 29 is designated as
Mom and Pop Business Owners Day, a day to appreciate the hard work and dedication that it takes to run a small business. The day was established by Rick and Margie Segel in honor of their parents and the small hat shop that they opened in 1939, which ultimately turned into a large, successful clothing shop.
A mom and pop business is a small, family-owned or independent business. Originally the term was used to describe a family-owned and operated general store or drugstore. Today, these establishments can be any type of business from restaurants and auto repair shops to insurance agencies. They have a vested interest in their local community, people and economy. The owners and staff of mom and pop businesses provide personal customer service experiences on a level that larger retail stores cannot do.
Mom and pop businesses benefit from boosts like
“Small Business Saturday,” held on the Saturday after Thanksgiving, and other designated “Shop Small” types of days. Supporting these businesses, including
women-owned businesses, throughout the year by sharing your experience on social media and promoting them to friends and family go a long way to help make mom and pop establishments successful.
Inspired by Our Mom and Pop Insured
AmTrust launched
AmTrust Inspired in 2019 to celebrate the commitment between our agents, insured and our company. Today, we are spotlighting how AmTrust has helped small business owners
protect the businesses they have built. We have visited iconic and thriving mom and pop buisnesses from Florida to Astoria, New York to Los Angeles.
AmTrust is Inspired by Our Mom and Pop Small Business Insured
As we celebrate Mom and Pop Business Day,
AmTrust continues to help
protect the dreams small businesses have, allowing the owners the time to focus on doing what they love. We understand and support small and mid-sized businesses across the country. For more information about our
small business insurance solutions, please
contact us today.
This material is for informational purposes only and is not legal or business advice. Neither AmTrust Financial Services, Inc. nor any of its subsidiaries or affiliates represents or warrants that the information contained herein is appropriate or suitable for any specific business or legal purpose. Readers seeking resolution of specific questions should consult their business and/or legal advisors. Coverages may vary by location. Contact your local RSM for more information.