5 Ways to Utilize the Queensland Small Business Strategy for Your Growing Business

Queensland Small Business Strategy: 5 Ways to Grow Your Business

Small businesses are the backbone of Queensland’s economy, accounting for over 97 percent of all businesses in the state. To support and encourage their growth, the Queensland government has launched the Small Business Strategy. The strategy provides a framework for improving the productivity, innovation, and competitiveness of small businesses across the state. In this article, we will explore 5 ways in which you can leverage the Queensland Small Business Strategy to grow your business.

1. Access funding and financial assistance

One of the most significant challenges facing small businesses today is access to funding. The Queensland government recognizes this challenge and has taken steps to provide financial assistance to small businesses. The government has set up a range of grants, loans and other financial assistance programs to support small businesses at various stages of their growth. For instance, the Small Business Innovation Research (SBIR) program offers funding for research and development projects that have commercial potential.

2. Build your digital presence

With most customers now online, having a robust digital presence is crucial for any business. The Queensland Small Business Strategy recognizes the importance of digital technology and provides several initiatives to help small businesses improve their online presence. The Digital Scorecard program is one such initiative that helps businesses assess their digital capability and develop a roadmap to improve their online presence. The program offers access to digital advisers who can provide guidance on website development, social media, e-commerce and other digital technologies.

3. Tap into local networks

Networking is an essential aspect of growing any business. By connecting with peers, industry experts, government agencies, and potential partners, small businesses can expand their reach and access new opportunities. The Queensland Small Business Strategy recognizes the importance of networks and provides several initiatives to help small businesses tap into local networks. The Small Business Solutions program offers networking opportunities, workshops and training sessions for small business owners.

4. Improve your skills and knowledge

One of the best ways to grow your business is by improving your skills and knowledge. The Queensland Small Business Strategy provides several initiatives for small businesses to improve their skills and knowledge. The Skills Gateway offers training courses, mentorship programs and qualifications to help small business owners upskill and stay ahead of the competition. The program covers a wide range of topics, including marketing, finance, business management and more.

5. Explore export opportunities

Exporting is a great way for small businesses to access new markets and grow their businesses. The Queensland government encourages small businesses to explore export opportunities and has set up several initiatives to help small businesses expand globally. The Trade and Investment Queensland program assists small businesses in identifying export opportunities, navigating regulatory requirements and accessing funding and grants to support their export activities.

Conclusion

The Queensland Small Business Strategy provides a range of initiatives for growing small businesses. By tapping into these initiatives, small businesses can access funding, improve their digital presence, tap into local networks, improve their skills and knowledge, and explore export opportunities. With the right support and guidance, small businesses across Queensland can thrive and contribute to the state’s economy.