There are now 16,000 indigenous businesses in Australia ranging from tourism companies and tradies to major mines and farming corporations.
And the wave of business ownership leads to a wave of employment opportunities with indigenous bosses 100 times more likely to hire indigenous employees.
It not only means independence and a great opportunity for success in today’s global business world, but also gives the First Australians the chance to share their culture and traditions.
I have been lucky enough to take part in some fascinating adventures with indigenous tour companies and not only do you learn a lot about the bush and the oceans, but you also have a lot of fun along the way.
Australian Small Business and Family Enterprise Ombudsman Kate Carnell is encouraging Aussies to support indigenous businesses, as the nation celebrated NAIDOC Week 2020.
“The indigenous business sector is one of the fastest growing in Australia,” Ms Carnell said. “Supply Nation data shows the number of indigenous businesses is growing by 12.5% each year.
“There are currently as many as 16,000 indigenous-owned businesses in Australia and that is expected to grow to more than 18,000 in the next five years.
“We know every dollar spent with an indigenous business goes a long way. According to Supply Nation, for every $1 of revenue, certified indigenous suppliers generate $4.41 of social return.
“Some great examples of this can be seen in ASBFEO’s Indigenous Success Stories series, profiling a number of inspiring indigenous businesses that have embraced reciprocity as a reflection of culture in the way they do business.
“Kakadu Tinytots for instance, plants eco gardens in remote communities so children can have access to fresh seasonal fruit and vegetables.
“Others are investing in the next generation of indigenous professionals such as Willyama Services, an IT business which offers vocational training to indigenous high school students who are interested in pursuing a career in technical support.
“In fact, indigenous businesses are 100 times more likely to employ other indigenous staff according to Supply Nation, which is why procuring from indigenous businesses is an investment in both indigenous employment and economic development more broadly.
“While indigenous businesses provide services across a range of industries, there are a number that have been hit hard by the COVID crisis, such as those businesses relying on the tourist trade.
“It’s especially important that we support these businesses as much as possible as they work their way through this difficult time.”
