Supporting First Nations people to run deadly businesses

From cosmetics and food made from native plants, to drone tours on country and multimillion-dollar construction projects, blak business is booming, Deadly Digits Media Officer Kerry Klimm says.

She said a university analysis of data from Indigenous businesses and the Australian Bureau of Statistics put their value at a minimum of $4.88 billion in 2018.

“Markets are increasingly interested in buying authentic products and supporting First Nation people’s economic freedom, and social media and online platforms are making it easier for Aboriginal and Torres Strait Islander people to become active participants in the small business economy,” she said.

“While record numbers of First Nations people are taking the leap in diverse industries, staying in business is hard.

“Australian Bureau of Statistics data shows about 48 per cent of all new Australian business start-ups fail within the first four years, and just 77 per cent make their first anniversary.

“For First Nations people in business the statistics are even higher, due to a number of factors including limited access to capital, and juggling finances.”

She said Advance Queensland’s Deadly Innovation Strategy helped First Nations people build wealth and create jobs using innovation and digital tools.

“Deadly Digits is an online accounting software to help Indigenous businesses get ahead, with online mobile accounting that is simple to use, accessible anywhere and anytime, and fits every type of business,” she said.

“End of Financial Year can be one of the most stressful times of the business year, Deadly Digits is here to help with a simple sheet to remind mob what they need to do to get ready for End of Financial Year (EOFY).”

See https://deadlydigits.com.au/