The National Disability Insurance Scheme (NDIS) is a critical system that provides support to Australians with disabilities. It covers the cost of necessary services that people need to live with dignity and independence. The scheme is designed to support people with disabilities in their journey towards achieving their goals and accessing the services they need. This is essential not just for individuals with disabilities, but also for small business owners across Australia. In this blog post, we will discuss the significance of the NDIS for small business owners.
1. Expansion of Customer Base:
The introduction of the NDIS in Australia brought about a significant customer base expansion for small business owners. The scheme provides funding for people with disabilities to access the necessary products and services that they may require. Depending on the types of services or retail products, providers don’t necessarily need to be registered. By registering with the scheme, small business owners can offer their products and services to a broader market. This process assists in building a diversified customer base for a varied range of small businesses from retail, service based and therapeutic support (to name a few), which helps boost growth.
2. Stimulates Local Economies:
The NDIS provides a boost to local economies, especially in small towns and communities. As more people with disabilities access funding from the scheme, choice and control as that is what the NDIS refer to this scheme as
of people within these areas also increases. The increase in purchasing power of people with disabilities stimulates local economies and supports small business owners.
3. Implementing Inclusion and Accessibility:
The NDIS promotes inclusivity and accessibility within communities. Businesses that cater to people with disabilities are more likely to attract customers with disabilities, promoting a more equitable and accessible society. Small businesses who proactively adopt these values, will have a significant advantage over their competitors, potentially gaining them new customers and improving community sentiment towards their brand.
4. Expansion of Job Opportunities:
Another benefit for small business owners of the NDIS is that it provides potential job opportunities. The scheme enables small business owners to cater better to people with disabilities. As the number of customers increases, small business owners may need more staff to support their expansion.
5. Supporting the Local Community with Disabilities:
There is no need to be a registered NDIS Provider depending on service or other support your offer. Training is widely available through further learning with companies such as DSC and other courses/ workshops providers and business owners may host that target this market leaving the provider with more knowledge. By doing so, they can provide the best service possible to the customers living with a disability. Additionally, by working with people living with a disability, owners can build strong relationships with their local community.
The NDIS contributes significantly towards improving the lives of people with disabilities. As small business owners, it’s essential to remember that inclusivity and accessibility are critical values that drive communities towards success. By investing in these values, owners of small businesses can benefit their businesses and greater society as a whole.