Small Business Roundup – May 2026

As we head towards the end of the financial year, I know a number of small business owners across Queensland are feeling the pressure. Rising operating costs, tighter margins, and ongoing uncertainty in global events are making it tougher to plan with confidence. While the challenges are real, there are also practical steps businesses can take now to strengthen their position and protect their future.

One of the strongest messages I continue to hear from advisers and industry experts is this: act early! If you are experiencing financial strain in your business, or you know someone who is, start conversations sooner rather than later. Speak openly with your accountant, trusted advisers, suppliers, and clients about the challenges you are facing and the options available to you. Early conversations often create more options and better outcomes.

The Australian Government has also updated guidance to help businesses reduce loan costs. With interest rates continuing to affect repayments, now may be a good time to review your current lending arrangements, compare rates, and explore refinancing or debt consolidation options where appropriate. Even small savings can make a meaningful difference over time.

Thankfully, amid the challenges, there is also plenty to celebrate.

In May we celebrated Queensland Small Business Month (QSBM), and I and the QSBC team travelled across the state connecting with business owners, communities, and industry leaders. It was a fantastic opportunity to hear directly from businesses, share information, and celebrate the resilience, innovation and determination that define Queensland’s small business community.

The QSBM culminated in the 2026 Small Business Friendly Conference hosted in Yeppoon and Rockhampton on the beautiful Capricorn Coast, where we also celebrated outstanding councils through the Small Business Friendly Program Awards.

While a number of regions held their business awards in May, Brisbane small businesses can still put themselves forward to have their achievements celebrated. Entries are open for the 2026 Brisbane Lord Mayor’s Business Awards, which have recognised businesses and individuals helping Brisbane grow, create jobs, and drive innovation for more than twenty years.

Programs like these, along with local chamber of commerce and industry awards held across Queensland, are an important opportunity for small businesses to showcase their success, build connections and gain recognition for the contribution they make to their communities and local economies. I congratulate all nominees, finalists and winners of awards already held this year and encourage those in areas still to hold awards to consider nominating or applying. Sometimes, taking the time to reflect on how far you have come is just as important as planning where you are headed next.

Last Week was also National Reconciliation Week, an important opportunity to reflect on the role we all play in building stronger relationships and more inclusive communities. We recognise the important contribution First Nations small businesses make to Queensland’s economy, culture, and communities through innovation, entrepreneurship, and leadership. Supporting and celebrating First Nations businesses helps create stronger local economies and a more connected Queensland for everyone.

And, having celebrated Queensland Day on Saturday 6 June, it is the perfect time to recognise the local legends who help our communities thrive. From family-run cafés and local tradies to retailers, growers, and service providers, small businesses truly are the heartbeat of Queensland communities.

While the road may feel uncertain at times, Queensland small businesses continue to show extraordinary resilience, adaptability and community spirit, and that is something worth celebrating — not just during key moments in the calendar, but every day.