Businesses need to network during tough economic times
BUSINESSES need to show a "united front" when trying to stay afloat in the current economic climate, especially in regional areas.
CQG Consulting company director Patrice Brown says it's essential to network as a small business owner and try to know what challenges you're business is facing, despite being in a relatively unpredictable economy.
Ms Brown said there were many challenges facing Rockhampton businesses, including coming up against big consultancies that have come to the region due to the lack of work globally.
"The development of Gladstone brought a lot of competition into the region; they can afford to be competitive financially," Ms Brown said.
But when it comes to the retail sector, online shopping has been a big issue, along with the lack of personal development options in town.
"This region can be a challenge to keep up with professional development," Ms Brown said.
"You need to invest to train your staff."
While several businesses come and go on a regular basis in Rockhampton, retailers such as Stewarts and Pacino's know the key to lasting decades.
"(They're successful) because the owners are directly involved in the business," Ms Brown said.
"There's that care factor, and this region demands personal attention."
Ms Brown said that investment in the region is always great for local business, and suggested that the Great Keppel Island revitalisation could be a big kicker for the region.
CQG consulting is lending a helping hand with this issue and will provide advice at a local business event next month.
Breakfast on the Fitzroy is a business event staged by Rockhampton Grammar School.
CQG and SMW Group will be present to cover the topic "how to succeed in Central Queensland in a challenging economic environment".
Four events are held throughout the year.
The next Breakfast on the Fitzroy event will be held on March 3 at the Rockhampton Grammar School Rowing Club.
For more details and to book tickets phone 49360600.
- CQG Consulting company director Patrice Brown offers advice for new business owners
- Don't assume business opportunities will be the same as they have been.
- Do your homework on what's trending.
- Issues, such as the outcome to elections, can have an impact
- Have flexibility in your schedule, running a business is not a 9am-5pm job