Small busi­ness crit­i­cal to re­gion’s econ­omy

Augusta Margaret River Times - - News -

This Satur­day marks the third an­nual Small Busi­ness Day and shop­pers are be­ing asked to Think Small First by shop­ping at their lo­cal small busi­ness.

Small Busi­ness Mat­ters co-founder and small busi­ness owner Ni­colle Jenk­ins said that small busi­nesses were a huge part of life – par­tic­u­larly in re­gional lo­ca­tions.

“Small busi­nesses are the lifeblood of Western Aus­tralia,” Ms Jenk­ins said.

“WA small busi­nesses em­ploy more than 512,000 peo­ple (41 per cent) of pri­vate sec­tor em­ploy­ment.

“That is nearly half of all jobs in WA are pro­vided by small busi­nesses. I would think in our re­gions, it would be even higher.”

Small Busi­ness Day is an ini­tia­tive of Small Busi­ness Mat­ters – a move­ment cre­ated to cel­e­brate and recog­nise WA small busi­ness and en­trepreneur­ship.

Re­gional Cham­bers of Com­merce and In­dus­try of WA chief ex­ec­u­tive of­fi­cer, and co-founder of Small Busi­ness Mat­ters, Kitty Prodonovich be­lieves the com­mu­nity has a re­spon­si­bil­ity to sup­port small busi­nesses in their re­gion.

“When a small busi­ness dis­ap­pears you have re­duced com­pe­ti­tion, less prod­uct di­ver­sity, less money go­ing back into WA, less sup­port for your com­mu­nity, and fewer jobs,” Ms Prodonovich said.

“If ev­ery adult in WA spent an ex­tra $10 a week in a lo­cal small busi­ness, it would add an ex­tra $1 bil­lion to our econ­omy and would cre­ate thou­sands of ex­tra lo­cal jobs.”

“Small busi­nesses are a huge part of our daily life. Small Busi­ness Day aims to cel­e­brate and say thank your lo­cal cof­fee shop owner, your butcher, me­chanic, artist, ac­coun­tant, gar­dener, in­te­rior de­signer, res­tau­rant, per­sonal trainer or man­u­fac­turer.”

The WA Small Busi­ness Day is once again proudly sup­ported by Bankwest. Bankwest head of small busi­ness sales, Kate Ec­cles said Bankwest had been work­ing with small busi­nesses in WA for more than 120 years hav­ing been founded as the Agri­cul­tural Bank of WA in 1895.

“To­day we con­tinue to sup­port thou­sands of small busi­nesses across the coun­try and recog­nise their im­mense con­tri­bu­tion to our econ­omy,” she said.

“We help our cus­tomers achieve what mat­ters, we sup­port com­mu­ni­ties to help them grow and we of­fer a con­struc­tive voice in the de­bate on the fu­ture of our econ­omy.

“We sup­port the pros­per­ity of our cus­tomers, busi­nesses, com­mu­ni­ties and the econ­omy.

“Hav­ing started as a found­ing part­ner last year, we are ex­tremely proud of our con­tin­u­ing sup­port of Small Busi­ness Mat­ters and look for­ward to cel­e­brat­ing WA Small Busi­ness Day on Oc­to­ber 28.”

WA small busi­nesses em­ploy more than 512,000 peo­ple.

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