Beyond Size: Honoring the Power of Small Businesses During National Small Business Week

National Small Business Week (May 4-10) empowers U.S. entrepreneurs to showcase their economic impact while igniting discussions about terminology and perception.Esthetician Victoria Chappell criticizes the term "small business" for undermining credibility, asserting it conveys limitations. She advocates for terms like “independent business” that elevate their influence.With inflation driving costs up and a Federal Reserve report revealing loan approval for newer businesses at 45%, challenges persist. Many businesses find success through social media and collaborative initiatives, like the WNBA’s local partnerships.Chappell emphasizes intentional language and seeking mentorship for growth.