Queensland businesses are less innovative than their American counterparts, commission report finds

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Queensland’s small business sector is characterised by low levels of innovation, risk-taking and tech-savviness, the state’s Small Business Commission has found.

A commission report, published on Tuesday, found most Queensland small business owners cited stability as their central motivator rather than growth.

Queensland Small Business Commissioner Dominique Lamb said the outlook was “pretty stark” for many within the sector.

Ms Lamb cited Australian Small Business and Family Enterprise Ombudsman data that found 43 per cent of Australian small businesses made no profit at all.

The ombudsman found that 75 per cent of Australian small business owners made below-national-average wages.

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