What Makes a Successful Small Business Owner?


What Makes a Successful Small Business Owner?

Everyone reading this blog will undoubtedly agree with me on the importance of Small Business to the Australian economy or any economy for that matter.

Nationally, Small Business accounts for 35% of our Gross National Product. I’m no economist, but I know that without us, the Australian economy would shrink by, well, a lot. The week of 28th May to 1st June 2018 was Queensland Small Business Week, State Government’s acknowledgement that it also recognises the value of Small Business. Over the seven days, more than 200 separate events and learning opportunities were staged across the State.

In 2018, for the first time, the Queensland Office of Small Business introduced an initiative to “Highlight the human stories behind Queensland’s diverse small business sector; shining a light on real people, their unique business experience and inspiring stories.”

100 Faces of Small Business.

100 Faces of Small Business uses the images and stories of 100 business owners from across the State to inspire others to start and grow their own businesses. I am extremely proud and excited to have been named as one of these 100 Faces at the Queensland Small Business Week launch event on the 28thof May in Brisbane.

The story of successful Small Business owners.

For us, it’s been a 21-year journey, 4T Consultants turned 21 on May 27th, of ups and downs. Some excitingly high highs, and some depressingly low lows, just like every other business owner in that room for the launch function. It’s uncanny how many of them tell the same story, of startup hopes, being told that their idea would never succeed, good times, bad times, sleepless nights, and most of all, the pursuit of something that drives them. To paraphrase Glen Carlson of Dent, they all have a desire to “Make a dent in the universe”.

So, apart from that common determination to make a difference to their communities and the world, what defines a successful Small Business owner? Helpfully, the Queensland Government has provided a statistical snapshot.

  • 70% were born in Australia.
  • 67% have completed a Certificate, Diploma or Degree.
  • 60% work more than 40 hours per week.
  • 65% are sole operators, employing no staff.
  • 56% have been in business for more than five years.
  • 47 is their median age.

Does that sound like you?

How many of these characteristics describe you as a Small Business owner? I know that you are already pursuing a goal that drives you to get up and do what you do every day. Otherwise, you wouldn’t be reading Smallville content.

I strongly suggest that you get yourself a cup of coffee or a glass of wine, find a comfortable spot and spend some time listening to the stories of the other 99 Faces of Small Business. I know that their stories will resonate with you, and also inspire you to continue making your particular dent in the universe.

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