Gladstone's mum, dad business owners optimistic for future
SINCE the downturn in the local economy a number of businesses in Gladstone have had to close down, with the most recent being The Coffee Club at Tannum Sands.
However several new small businesses have opened up and on top of that plans are underway to build a Coles supermarket and an Aldi store.
With the dour economic atmosphere around the region it's hard to understand why, as businesses close, others open up.
Senior lecturer at the School of Economics at The University of Queensland, Dr Bruce Littleboy, said small businesses with mum and dad owners were generally more entrepreneurial and tend to be more optimistic about their prospects despite 80% of small businesses failing within the first few years.
He said the closure of franchises like The Coffee Club could either mean central management holds a dim view of the area or they don't have enough clout to bargain for better rents.