Regional New Job Creation and Growth via SME Success

  This is the first in a series of blogs looking at SMEs and the associated opportunities for regional new job creation and growth. It draws on experience in working with Federal and State agencies, regional bodies, and hundreds of regional SMEs Situation As a...

Investing in Your Company’s Development

You know your company has growth potential but you’re not sure how to best make this happen. Your instincts may well be to ramp up your sales and marketing – after all more sales gives growth. Here’s another way of thinking about this.  Our diagram opposite shows the...

The Analytical CEO – the Blocked or Negative Growth Transformation Case

Company transformation is a recent buzz phrase.  What does it mean?  What’s involved? Transformation, in our terms, means taking your company to a safer place and one where the company is more capable of sustainable growth.  Which implies you need to find out: Where...

The Analytical CEO – The Future

The future is hard.  It’s all out there but we’re not quite sure what it’s going to be.  If you’re an optimism you know it’ll be better than the past; if you’re a pessimist you know it will be worse; if you’re a realist you know it will be different. Good companies...

Refreshing the Business with a Spring-time Review

One of the great sights of spring-time travel in Greece is villagers lovingly whitewashing their houses.  White and gleaming, the houses become ready for whatever the year will bring. Businesses are the same.  There’s a need to refresh what you’re doing by having a...

Regional New Job Creation and Growth via SME Success

Dec 12, 2019 | 0 comments

 


This is the first in a series of blogs looking at SMEs and the associated opportunities for regional new job creation and growth. It draws on experience in working with Federal and State agencies, regional bodies, and hundreds of regional SMEs

Situation

As a model for discussion, I have created the fictional region of Arcadia, let’s say in NSW. The ABS would likely tell us the following (figures rounded):
• Total number of businesses = 10,000
• Number of employing businesses = 4,250
• Total number of Full Time Equivalent (FTE) employees = 44,000

Further, reading plus some extrapolation would show us Arcadia’s demography by company size and number: (I have extrapolated to split 9-49 FTE into the more workable division of 9-19 and 20-49)

Item Non-employing 1-8 FTE 9-19 FTE 20-49 50-199 >200 Total
Businesses (%) 57.76 26.33 12.97 1.86 0.92 0.16 100.00
Businesses (nos) 5,776 2,633 1,297 186 92 16 10,000

Current growth rate of Regional Domestic Product is 1.5% pa

Question

Let’s assume a regional development target is to stimulate the creation of 440 new jobs or an increment on existing growth of 1% in Year 1. At $100k per job, this is an increase in value of $44m
• Who would be in charge?
• What strategies would work best?
• Which SMEs would be targeted?

Good to think about. My next blog will explore further.