This will tar all the subfolders within the PWD, uncomment the rm at your peril!

backup_all_subfolders.sh

#!/bin/bash
# This will tar all the subfolders within the PWD, uncomment the rm at your peril!
DIRS=`ls -d */`
for DIR in ${DIRS}; do
  TAR_PATH=${DIR%%/}
  echo "Processing : $TAR_PATH"
  tar -zcvf ${TAR_PATH}.tar.gz ${TAR_PATH} > ${TAR_PATH}.tar.gz.log
#  rm -rf ${TAR_PATH}
done