Optimism Could Power Tasmania’s Economy
A Commentary by Victor Perton
“Tasmania’s business owners are optimistic about the future.”
So said Hon. Jane Howlett MP, the Tasmanian Minister for Hospitality and Small Business.
I do like that title! "Minister for Hospitality"
Jane makes a strong case for the essential role of small businesses in Tasmania's economy. "Small business keeps our economy strong and employs thousands of Tasmanians, allowing families to pay their mortgages and put food on the table," she said. Small businesses are the backbone of Tasmania's economy, particularly in regional communities, from builders to daycare providers, accommodation and food outlets, restaurants, retailers, and tourism operators. With more than 95 per cent of Tasmania's workforce employed in small businesses, their optimism and success directly shape the state's prosperity.
Optimism is the essence of small business. Starting a business is an optimistic leap—believing that an idea, product, or service will meet a need and bring value to customers. Small business owners face uncertainty daily, yet their resilience and adaptability are fuelled by optimism. They invest in the future, create jobs, and innovate with a mindset that sees possibilities rather than roadblocks.
The Optimism Effect, as proven by the University of Sydney Business School and Dr Danielle Kent, highlights that optimism drives productivity, research, and innovation at the national level. And what works for countries applies just as much to a state, the local coffee shop, the independent retailer, and the ambitious entrepreneur. Business optimism translates into investment, confidence, and forward-thinking leadership—all crucial ingredients for success.
This is where The Optimism Principle comes in: optimism answers life's most pressing questions, said Robert Masters AM . Small businesses that embrace this principle are more likely to persist through economic downturns, shifting market conditions, and technological disruptions. Optimistic leadership keeps business owners going, inspires teams, and attracts customers who want to be part of something positive.
Beyond the individual business, we see the Optimism Economy a broader ecosystem where optimism fuels growth, attracts investment, and fosters innovation. When a community nurtures optimism in its entrepreneurs, it creates a cycle of confidence, prosperity, and progress that benefits everyone, said Dr Anand Kulkarni.
Wouldn't it be wonderful if every government had a Minister for Hospitality - not just in the sense of business but also in fostering optimism, connection, and generosity in our approach to leadership and economic growth? Maybe even a Tasmanian Minister for Optimism, Jane?