Cash in on the boom, businesses told
CENTRAL Queensland Plumbing manager Bruce Williams is keen to tap into the region's resources boom.
Bruce and other Rockhampton small and mid-sized business operators were yesterday urged to be tenacious in their quest to cash in on the bright times ahead.
Representatives from about 40 Rockhampton businesses attended a seminar at Kershaw House where four of Gladstone's powerbrokers gave local companies a heads-up on how to make the most of the opportunities.
However, there was a veiled warning that if they didn't embrace the change they risked losing out to hungry southern companies looking to move into the region.
Bruce hopes the plumbing company will be able to double its turnover in the next couple of years.
Bruce said the speakers had a consistent theme; be organised and know what you want to achieve.
"These companies have grabbed the bull by the horns and run with it," Bruce said.
"They have seen their opportunity."
Central Queensland Plumbing is a member of the JM Kelly group of companies, employing about 30 staff.
Rod Marriage, the general manager of Phoenix Group CQ, was one of the four key speakers at the Gladstone Engineering Alliance Growing Capabilities Going Global Seminar.
The group was started in Gladstone four years ago by Catherine and Adrian Hindley.
It's grown to more than 200 employees in several divisions including areas for mining, training, shipping and labour hire.
Rod said businesses had to be tenacious to prosper, particularly in light of the growing competition from southern companies looking to increase their presence in Central Queensland.
"The global market place is here now," Rod said.
He said small businesses should have systems in place that enabled them to deal with big multi-national companies, what he termed "global strategies".
"For example have safety management systems in place that match theirs," Rod said. He also urged Rockhampton businesses to embrace change, have a total client focus and encourage all staff to be ambassadors for the company.
Phoenix Group CQ general manager Rod Marriage's tips include:
- Put in place global strategies now that will enable your business to work with the multi-national companies.
- Embrace change. Constant change is part of constant growth.
- Be tenacious. You need to have a vision, mission and culture in your business and stick to it.
- Encourage all staff to be ambassadors for your company.
- Have a total client focus.