Tigers may be rare in Australia, but there are a growing number in Queensland…small business tigers that is.
Minister for Small Business, Jann Stuckey, said ‘small business tigers’ were those small operations that expected to see their revenue grow substantially over the next 12 months.
“Research conducted by DBM Consultants shows that Queensland has proportionally 50% more small business tigers than the other states,” Ms Stuckey said.
“Tigers account for 12% of all small businesses, 14% of the dollars earned in Queensland, and employ 13% of the workforce, the Queensland Government but they are growing fast. They are three times more likely to employ more staff in the next 12 months.
“These small enterprises really hold their own right across the board. They are less fazed by the current economic environment, more focused on managing cash flow, finding suitable staff, assessing the best ways to manage their expansion and have great capacity to finance the growth of their business.”
The Queensland Government is working to make it easier for small business to succeed through the Small Business Strategy and Action Plan 2013-2015.
“This is the first coordinated plan for small business in recent years, and supports the growth of small businesses that are competitive, create jobs and contribute to building a robust and diversified economy,” Ms Stuckey said.
“The upcoming 2014 Queensland Small Business Week, running from 1 to 6 September, will be an opportunity to put the spotlight on small business tigers.
<link>For more information visit business.qld.gov.au/smallbusinessweek
<caption tiger.jpg>Business tigers show speed, intelligence and success.