Gladstone innovators key to town's survival

ARMANA director Lyndal Hansen says entrepreneurs now have an opportunity to adjust to the Gladstone market and fill gaps.

>> 1 in 5 Gladstone businesses to expand

>>Gladstone business booming: 5% increase in new businesses

Mrs Hansen, whose company was a sponsor of the study Boom, Bust or Reset, has seen Gladstone go through three "boom and bust" periods.

She said businesses were letting opportunities fall by the wayside.

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"I don't think we've been as entrepreneurial and innovative as we could be," Mrs Hansen said.

"The latest boom saw many businesses' income significantly increase and now those numbers are going down.

"But should we think of that as a downturn, or is this just business returning to a 'normal' level?"

A decrease in work, high costs of operating such as rent and taxes, and staff issues including fewer "quality workers" to choose from are the three major challenges businesses say they face.



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