Not all businesses in our region survive.
Not all businesses in our region survive.

Thousands of Warwick businesses shut

SOUTHERN Downs businesses do not always boom but one expert says our kids could be the key to turning this around.

Network Video and Noodle Hut are among the 1513 businesses that closed during the past four years.

Owners often bite off more than they can chew when investing their time and money into dream enterprises that end in nightmares, Council of Small Business Organisations Australia CEO Peter Strong says.

"Business close down for a range of reasons - one of the big issues is setting up things like coffee shops when there are lots of them already around," Mr Strong said.

"If your business is not viable and you are waiting for things to turn around, you need to swallow your pride and close down.

"A little pain and a little embarrassment are better than bankruptcy."

Mr Strong said would-be entrepreneurs could learn a lot from children who are running little profit-makers while juggling school, sports and socialising with friends.

"There are kids in school who run real businesses - they are not hobbies," he said.

"If we recognise them while in the school system, a good business community will work with them now to help them understand things like cashflow.

"Even kids with behavioural problems can run little businesses and succeed." - NewsRegiona
 

News Corp Australia


GALLERY: All the action from day two of the Warwick Show

premium_icon GALLERY: All the action from day two of the Warwick Show

There huge crowds at the Warwick Show today.

Allora family traumatised after being robbed while asleep

premium_icon Allora family traumatised after being robbed while asleep

"These people took more than they can even know or care about.”

How weather is changing pottery displays at the Warwick Show

premium_icon How weather is changing pottery displays at the Warwick Show

Ancient pottery practices off-limits to Southern Downs creators.