Roma’s business centre
Roma’s business centre

Consultants to gather important data to help Roma businesses

A family business advisory organisation will be conducting a unique tour across the Darling Downs and southwest Queensland to gain some insight of the needs and struggles facing regional businesses and farms.

Family Business Central is set to undertake a first-of-its-kind research study on family businesses in rural areas.

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They’re heading to regional Queensland to gather information to inform these businesses, chambers of commerce, and councils on where support and services are needed.

Family Business Central founder and CEO Phillip Pryor and senior consultant Vivian

Crick devised the road trip as a way to hear ‘from the horse’s mouth’ about the

challenges, opportunities and issues facing multi-generational family businesses

and farming families in the regions.

“We want to understand how these families in business are doing right now –

and help them navigate the unique issues they face in what is a rapidly changing

landscape,” he said.

Phillip Pryor Pic: Contributed
Phillip Pryor Pic: Contributed

A series of community town hall events facilitated by Mr Pryor and Ms Crick will give local family businesses a platform to discuss what’s going on as well as learn strategies to protect their family businesses.

Everyone attending the events will be encouraged to complete a survey on the

state of family businesses.

“We want current information and insight, something we don’t have at the

moment,” Mr Pryor said.

“Once the data is collated, it will be sent back to those who attended the events

and the organisations that are in a position to do something about it, like local

business chambers.”

The regions have faced considerable challenges in recent years, and the

community meetings will seek to address these.

“It has been more than just COVID. Over the last while, the regions have faced

drought, fires and the significant stress that comes with these events.”

Vivian Crick Pic: Contributed
Vivian Crick Pic: Contributed

Mr Pryor and Ms Crick will also address the more complex issues that family businesses

face.

“Change, growth and legacy are particularly difficult when you’re in business

with family members. This is the chance to talk about the tricky issues like

succession, sustainability, pressure to sell-up, accepting innovation and bringing

younger generations into the business,” he says.

“At our core, Family Business Central supports families in business, and we see

this as a group that needs to be heard at the moment.”

The Family Business Central road trip will be heading to Roma on March 17 and 18, after they complete their sessions at a number of Darling Downs towns on the way including Stanthorpe, Inglewood, and Goondiwindi.

For more information or to book, click here.

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