Newspaper article The Morning Bulletin (Rockhampton, Australia)

Time to Make Business Dreams a Reality

Newspaper article The Morning Bulletin (Rockhampton, Australia)

Time to Make Business Dreams a Reality

Article excerpt

Aspire CQ

Warren Acutt

I RECENTLY received an email with a snapshot of some statistics on the Capricorn Coast and Rockhampton region, of particular interest if you were looking to invest there.

Among the statistics was the figure 8034, being the number of registered businesses in the region.

The same source, the Australian Bureau of Statistics, indicated 24.3% of these reported a turnover of between $0 and $50,000.

Thus I calculated 1952 registered businesses in the region have an annual turnover of less than $50,000, nearly one in four.

That's not profit, just sales before the cost of goods sold and expenses are deducted. My first reaction was there were only 8034 businesses in the whole of the Rockhampton and Livingstone Council area and 1952 of them could fall over any day - scary!

Don't know why I initially thought negatively about a business with turnover of less than $50,000 - after all it could be a healthy sign of new businesses just starting up and buoyed by the promise of better times ahead, like the two I met last week.

The snapshot figures didn't elaborate.

The 8034 registered businesses though didn't seem right (high enough) and led me to dig, well click, a bit deeper.

Apparently there are 26,678 entities in the Capricorn Coast and Rockhampton region with an active Australian Business Number. Of them, 8024 (not 8034) in 2016-17 were registered businesses and 25.2 per cent (not 24.3 per cent) of these reported turnover of $0 to $50,000 - 2020 businesses, just over one in four.

Still not sure if this is a good or bad sign of the economy. Of those 2020 businesses, the top three sectors were agriculture, forestry and fishing (459), construction (265) and financial and insurance services (250). Let's hope all these businesses are in the growth stage of their business and not in decline.

The number of total registered businesses dropped from the year previous but the number with a $0 to $50,000 turnover grew - maybe a positive among the negative! …

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