Small Business - The backbone to the Australian Economy

Bruce Knight - Wednesday, April 12, 2017


I recently took an overdue break for a couple of weeks and decided to go on a road trip down the east coast of Australia. Travelling through towns I often stopped for regular breaks to stretch my legs and to fuel up both for my car and body.

As I made these stops, I often started friendly chats to many local business owners about some of the frustrations they are dealing with on a regular basis, and it made me think more into the very heart & soul of who we are as a nation. Most businesses around country and specifically the ones I spoke to, are small businesses that their annual turnover is of around $50k to $70k per year, with employing one or two staff (maybe more in some cases).

As I continued my discussions and walked the main streets of the the town I was in, I noticed many empty buildings (shopfronts). This concerned me as I often think of the reasons why theses shopfronts are empty & remain empty. Is this due to increased rents, lack of regular customers, change in market, lack of business skills & education of the owners, or all the above and more?

As a small business expert, I understand & acknowledge what we all need to do to continue to help the 'little guys' in business. This has ripple on all aspects of the local community & their families.

So in essence....support the local businesses and in turn they will support you.

I encourage everyone to spend an extra $10 per week in a different business each week. Imagine what this would do to the local economy.

Until next time...make everyday count!

 

Bruce Knight
Founder
Business Network Alliance Australia
Entrepreneur, Business Success Coach & Strategist, Educator, Mentor, Author
Comments
Lucas Klaassen commented on 30-Jul-2016 07:47 AM
Keep it going!

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