mysql db backup simple bash script

#!/bin/sh
echo "Initiating mysql DB backup process...."
echo "Today is `date +%c`"
mysqldump -u root -pPASSWORD --all-databases | gzip > /home/USER/USERDB_database_backup_$(date +%Y%m%d).sql.gz
echo "Backup file is stored at /home/USER/USERDB_database_backup_`date +%Y%m%d`.sql.gz"
echo "Done."