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Buying local this year’s creed for National Family Business Day

Adrian Flores
Adrian Flores
18 September 2020 1 minute readShare
National Family Business Day

Getting individuals to buy local from many family businesses continuing to struggle through the coronavirus crisis will be the main focus point for this year’s National Family Business Day.

Australian Small Business and Family Enterprise Ombudsman (ASBFEO) Kate Carnell said the family business sector needs to be supported as it emerges from this difficult period. 

“National Family Business Day is usually a day to celebrate, but 2020 is a year like no other,” Ms Carnell said.

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“Times are incredibly tough and so many family businesses that were viable this time last year are now facing enormous challenges after a devastating bushfire season followed by a global pandemic.”

As family businesses in Victoria continue to struggle to recover as they deal with ongoing lockdown restrictions, Ms Carnell said the best way to support them is to spend locally.

 

“Whether that’s at a mum and dad–owned brick-and-mortar store such as the town butcher or by shopping online via social media campaigns such as ‘Click for Vic’… family businesses are the lifeblood of our communities and key contributors to our economy, accounting for up to 70 per cent of Australian businesses and employing as much as half of the workforce.

“Their survival is critical to our broader economic recovery.”

To mark the day, family business peak industry body Family Business Australia (FBA) urged businesses around the country to host a special morning tea online or virtually or in the workplace today.

“National Family Business Day is a bit different this year, but it’s important to celebrate and rally around family businesses as they innovate and support their communities,” said FBA chief executive Greg Griffith.

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Further, Mr Griffith called on consumers to look for businesses displaying the A family-owned Australian business emblem.

“By looking for the A family-owned Australian business emblem on products, shopfronts and other signage, you are keeping the wealth within the country and jobs within our local communities,” he said.

Buying local this year’s creed for National Family Business Day
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Adrian Flores
Adrian Flores

Adrian Flores is the deputy editor of MyBusiness. Before that, he was the deputy editor for SMSF Adviser as well as features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at [email protected].

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