Queensland is often celebrated for its weather, beaches and sporting success.
But what doesn’t always make the headlines is the immense contribution of the state’s small businesses.
Having attended several business events over the last week and being engrossed in conversations around the challenges and opportunities small businesses face, reflecting on the contribution is timely.
Statistically speaking, small businesses truly are the backbone of Queensland’s economy.
This means that the cafes, boutique stores, family-owned shops, and countless other ventures that fill our community is what makes Queensland thrive. Together, they contribute enormously, employing many locals and ensuring money flows back into the local community.
But behind each of these businesses is an individual or a group of people who’ve taken a bold step full of excitement but not without challenges.
Owning a small business is like riding a roller coaster; there are exhilarating highs, stomach-dropping lows, and unexpected turns.
Risks can be daunting, ranging from financial challenges to unforeseen crises (like pandemics).
Yet, these high risks illuminate the resilient spirit of Queensland’s entrepreneurs.
Wearing many hats, from finance managers to customer service experts, from marketing gurus to the occasional cleaner!
This commitment, while admirable, can be tolling, and it’s through conversation with trusted fellow business owners when the truth can be discussed and, for a moment, you can speak with someone who understands.
While the support from the state and federal Governments is much appreciated, it’s often crafted by people who’ve never been in the small business ownership game.
Of course, this does not discount the value delivered; it just results in a disconnect from time to time.
But if this disconnect is understood, it can be navigated respectfully.
The journey of entrepreneurship is not just about numbers and profit margins.
It’s emotional.
Late nights, uncertain pay checks, the pressure of meeting payrolls, and the weight of sustaining in an ever-competitive market can often lead to burnout.
The personal and professional lines blur, and it’s crucial to remember that behind every small business is a person with dreams, fears, and a family to support.
Each business owner brings a unique set of skills and attributes to the game, and to have a Government attempt to plug every gap would be an unrealistic expectation, although is appreciated.
Recently I received a newsletter from the state Department of Education, Small Business and Training, and was impressed with a set of Micro-Credentials offered.
Recognising more and more the challenges faced and the evolving business landscape, the micro-credentials for small business owners are short (one to two hours), targeted training modules designed to enhance specific competencies or skills.
Whether it’s about understanding digital marketing, improving financial literacy, or mastering workforce planning, these credentials aim to give business owners the tools they need in today’s fast-paced world.
Not only does this upskilling benefit individual businesses, but it also injects fresh energy and innovation into Queensland’s economic fabric.
However, even with these tools and resources, grit and passion truly set a small business owner apart.
It’s waking up each day ready to face the challenges head-on, to innovate, adapt, and evolve.
It’s about community; the relationships built with customers, suppliers, and other businesses.
The smiles exchanged, the stories shared over a coffee (or a ginger beer at a LinkedIn Local event), and the unwavering support for one another, especially during tough times.
So, as we eat our out-of-this-world doughnuts from the local speciality shop, purchase unique finds from the store down the road or have our car fixed by an independent family owned workshop, let’s take a moment to appreciate these unsung heroes.
Their contribution goes beyond dollars and cents; they shape our community’s character and strengthen Queensland’s heart.
With the Best in Business Awards now open for 2023 in our region, it’s time to put our pens to paper and recognise those who we rely so heavily on.
Visit capricornenterprise.com.au to find out more, review the categories and nominate for free.
If you’re an aspiring entrepreneur or even a seasoned small business owner, remember this: while the road may be bumpy, the Queensland spirit, combined with the right tools and a dash of passion, can work wonders.
And who knows? The next success story could very well be yours.
