Business

Location is key to success to surviving slow times

Owner of Rockhampton's Renny's Caf on East Street, Sharelle Steinback says her business is doing well. Photo Allan Reinikka / The Morning Bulletin
Owner of Rockhampton's Renny's Caf on East Street, Sharelle Steinback says her business is doing well. Photo Allan Reinikka / The Morning Bulletin Allan Reinikka

THERE is an aroma of optimism at Renny's Cafe.

As owner Sharelle Steinback brews up another flat white she knows location is the key to the success of her East Street operation in the Rockhampton CBD.

"It's been better lately, we get a lot of walk-in trade from people who work in the area," Sharelle said yesterday.

"We've had some up and downs but I think because I also have my corporate catering business as well, it keeps us fairly busy."

As she looks forward to the next quarter, it appears her business is bucking a regional trend of a trading slowdown.

The Capricornia Business Dashboard shows that 64% of businesses have reported a slowdown in their own activity in the past 12 months.

About 47% felt that this slowdown was also being experienced across the local economy.

Whilst the data showed that many businesses have been facing challenging times within the past year, there were also strong indications that local businesses are prepared to think and act innovatively in order to ride out the current cycle and grow into new areas.

RDAFCW CEO Rees Banks said the latest unemployment figures show Rockhampton sitting at the highest compared to its regional counterparts.

Mr Banks said there were a number of reasons for the spike, including the GFC and in more recent times, FIFO policies.

"There was a lot of private investment in the area to try and bring that figure down but ours has risen in the opposite direction," he said.

"We also find that the policy of some mines, only employing people from the South East corner and Cairns for fly-in-fly-out workers."

The study was conducted in partnership with the Queensland Government, Capricornia Chamber of Commerce, and Regional Development Australia Fitzroy and Central West (RDAFCW) - to engage with CQUniversity to run a data collection phase of the 'Capricornia Business Dashboard'.

   

UNEMPLOYMENT RATES

Percentage of the unemployment rates for December quarters in regional centres:

- Rockhampton 8%

- Mackay 4.9%

- Cairns 7.1% 

- Townsville 5.4%    

Topics:  business, coffee




Woolworths to sack 500 staff, close at least 17 stores

This is despite the supermarket earning $2.5 billion for the year.

REVEALED: Rockhampton’s secret society...

A glimpse into Rocky history

Rugby Union shed alight at Emerald

FILE SHOT: emergency services Queensland fire and rescue department. Photo: Zach Hogg / NewsMail

Emerald Rugby Union equipment shed at damaged by fire

Latest deals and offers


Your Chance to Win

A Holiday to Kingfisher Bay!
Learn More

48 HOURS ACROSS THE REGION

BOOTCAMP FUNDRAISER: Gracemere woman Nicole Parlett is fundraising this weekend to trek the Kokoda Trail in September in a bid to raise funds for Beyond Blue and tackle the stigma surrounding mental health.

What's On in CQ region this weekend

Licking incident bars Ariana from performing at White House

Ariana Grande has been blocked from performing at the White House

Taylor Swift's ex throws support behind Kanye West

Calvin Harris shares a sing-along with Kanye West

Michael Jackson's jailed doctor wants his license back

Conrad Murray wants his medical licence back.

Pokemon Go: "Trading" on the horizon as game evolves

No Caption

Pokemon GO players will soon be able to trade with other trainers

Bindi Irwin: ‘I’ve lived 10 lives in one lifetime’

Bindi meets her fans.

SHE'S just turns 18 but Bindi's life has been full of experiences

Rockhampton cook through to MasterChef semi-final

FAMILY:MasterChef semi-finalist Harry Foster pictured with his mum Ria McClelland.

Harry Foster through to MasterChef semi-finals.

You can own this Queensland town for just $1

Yelarbon

Unprecedented auction of town's business centre with no reserve

Work starts on $15M Caloundra apartment building

Turning the first sod at the Aqua View Apartments site in Kings Beach are (from left) husband-and-wife developers Alex Yuan and Stella Sun with construction company Tomkins director Mike Tomkins and Councillor Tim Dwyer.

Developers excited about addition to Kings Beach skyline

Iconic Denison St building sold for close to $1M

The Swan Hotel building in Denison St.

ONE of Rockhampton’s most iconic buildings has been sold

Unique Rockhampton bar hits the market

HOT PROPERTY: Cuban themed bar Chango Chango is up for sale.

Popular Rocky bar hits the market.

72-year-old Coast developer set to start new project

GREEN LIGHT: The Cosmopolitan has been approved for development at Cotton Tree.

Meet the Canberran set to deliver another chapter for Coast suburb

Plans revealed for 1500-lot 'master-planned community'

Precinct will be bounded by Boundary St and Shoesmith Rd