The search for Australia’s Favourite Family Business is back for its fourth year. This time Kochie’s Business Builders (KBB) in partnership with Prospa, will be giving businesses across the country their chance to shine, with the winner of Australia’s Favourite Family Business walking away with a spot on our national television show and $2500 cash prize.
Why Australia’s Favourite Family Business competition?
The past year has proved amongst the toughest small business owners have had to face in decades. Through the search for Australia’s Favourite Family Business, KBB and Prospa want to spotlight local small business legends and reveal what makes Australia’s family businesses so great.
70 per cent of Australia’s businesses are family businesses. From massive family empires to your local corner store, Aussie family businesses employ millions and keep the economy ticking over. Family businesses clothe us, feed us, care for us, and even entertain us. Family businesses are the lifeblood of Australia’s economy.
“We are thrilled to be this year’s sponsor of Kochie’s Business Builders’ annual Australia’s Favourite Family competition,” says Beau Bertoli, co-founder of Prospa, Australia’s number one online lender to small business.
“It’s such a special opportunity to recognise the diverse range of family businesses that form the lifeblood of our communities across the country. Prospa is passionate about seeing more small businesses succeed and grow, especially after the challenges we’ve all faced in recent times. We can’t wait to hear their stories and see who is crowned Australia’s Favourite Family Business.”
Sunrise host and family business owner David Koch said many of Australia’s most popular businesses have been built from the blood, sweat and tears of families.
“Family business is the heart and soul of the Australian business community. So often they are multi-generational, entire families have an emotional, financial and time commitment in their success. They can bring families together and tear them apart. They are all-absorbing,” says Koch.
“That’s why family business success is such an incredible achievement and to be celebrated.”
Why you should nominate
Stephen Sumner co-founder of The Compassionate Kitchen the 2020 winner of Australia’s Favourite Family Business Competition said he and his partner, Joanne, were privileged to be crowned last year’s winners.
“We feel honoured that so many people got behind us and supported our family business. Sustainability and ethics are key drivers for our business and it’s great to get support from like-minded people.”
“Winning the competition really validated the hard work we have put in over the past six years and all the sacrifices we have had to make. All the long hours, life challenges and curveballs we have endured have all paid off whilst maintaining a work/life balance with four young children.”
In 2019 niche wine brand 8 KANGAROOS took out the title of Australia’s Favourite Family Business. Founder Mark Quinn said marketing was always a great challenge for his product which pairs great Australian wine with a distinctive kangaroo shaped bottle.
“Winning Australia’s Favourite Family Business afforded us prestige and exposure and legitimises our product to prospective retailers and customers,” Mark comments.
“We have been in the wine industry since the 90s and started 8 Kangaroos to create a new market niche within this industry. Our unique Kangaroo shaped bottles immediately allow our product to stand out as clearly different to any other. However, being unique doesn’t automatically equate to success and being a Family Business often means we work harder and longer than a paid job often not knowing if the day will bring prosperity or just another challenging day.
Mark says winning the award also allowed him to connect with other successful business owners and share ideas and troubleshoot problems.
“On the night of winning the award, I had the opportunity to meet other businesses and we shared successes and ways to overcome issues.
“While 2020 was no doubt one crazy unexpected year we have thrived selling more product in the last six months than the previous two years. I strongly recommend entering and urge you to be open and willing to listen and share with other family business to evolve and keep moving forward.”
Nominate your favourite family business now
Entry to the competition is now open. Businesses can self-nominate for the title of Australia’s Favourite Family Business. Entries close September 19, 2021.
Entrants will be shortlisted, with the top candidates announced and put to a public vote to decide who is Australia’s favourite.
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