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We recently launched our Pathways Through Business report at an online event hosted by IBA’s Dr Siddharth Shirodkar, Principal Economist, who was joined by two First Nations business owners who shared their inspiring and groundbreaking stories – Shane Kennelly, Managing Director of Kennelly Constructions, and Hanina Rind, Founder of Yarn Legal. Both shared experiences that highlighted the strength, resilience, and powerful potential within the Indigenous business community.
The findings from the Pathways Through Business report show us the transformative growth in the sector: the Aboriginal and Torres Strait Islander business sector grew by over 50% from 2016 to 2021, reaching approximately 29,200 business owners—or 4.4% of the population aged 15 and above. This phenomenal rise in First Nations business owners speaks volumes about the resilience and dedication of mature First Nations businesses that have long overcome barriers and challenged stereotypes.
Shane Kennelly, a proud Bundjalung man, has turned his construction company, which has been operating for over a decade, into a symbol of success for Indigenous business in Australia.
A lot has changed over that time, not least of which is the success of the Indigenous Procurement Policy. “Up until 2015, being known as a black business was a disadvantage because of cognitive or behavioural discrimination in procurement. But the Indigenous Procurement Policy changed things, making big companies accountable for engaging Indigenous suppliers. We’ve seen massive growth in the sector, but there’s still a lot of work to be done.”
Reflecting on his journey, he said, “[Business] people give us the opportunity because we will not let you down. There’s a stigma that black businesses can’t succeed…we [First Nations entrepreneurs] take that load personally, to make it an easier pathway for others in the future.”
Shane’s dedication isn’t just about building a thriving business; it’s about creating a legacy and setting a foundation for the next generation. “Our goal is not just about growing a business. It’s about creating a path for our children and future generations. The opportunity to own a business wasn’t afforded to my family or generations before that, so for me, it’s about creating a legacy and being a role model.”
For Shane, the real challenge was competing in a mainstream market without the advantage of intergenerational wealth—a reality for many Indigenous entrepreneurs. Fortunately, for programs like IBA’s, it made a crucial difference, giving Kennelly Constructions the leverage to expand and take on larger contracts. Shane’s story is a testament to the power of tailored support and the dedication of Indigenous business owners to creating a legacy.
For Hanina Rind, the journey into business began with the courage to take a risk. As the founder of Yarn Legal and a proud Yamatji, Badimaya, and Balouchi Muslim woman, Hanina built a culturally safe and trauma-informed legal practice. Her decision to establish her own practice was driven by a passion for empowering her community and creating a space for other Indigenous women.
“For many Indigenous women, it’s not just financial support that’s needed—it’s that cultural support, that sense of validation and encouragement from others. We’re often balancing so many roles and responsibilities, so knowing someone believes in you is powerful.” Hanina shared.
Aboriginal and Torres Strait Islander women are the fastest growing business demographic in Australia. First Nations women represented 36% of the business sector in 2021, up from 33% in 2016, in part due to initiatives like IBA’s Strong Women Strong Business. However, they currently make up only 31% of IBA business loan customers. This is something IBA is looking to address, so that more First Nations women feel comfortable taking on suitable finance products, so watch this space.
Hanina spoke passionately about the challenges Indigenous women face, balancing cultural responsibilities, community needs, and the demands of business. “For me, it was about finding that balance between community support, financial backing, and the courage to take that step forward.”
Her journey exemplifies how community backing, and belief can fuel business success, particularly for women carrying cultural and familial responsibilities.
“Taking the leap, taking the risk… that’s the part we often hesitate on, but that’s what opens doors.” she said, encouraging other Indigenous women to pursue their dreams, knowing they have the strength and resilience to overcome barriers.
Both Shane and Hanina’s stories remind us that while policy, like the Indigenous Procurement Policy, plays an essential role in leveling the playing field, it’s the personal drive, courage, and community support that truly propel Indigenous entrepreneurs forward.
These entrepreneurs are paving a path for future generations, breaking down barriers, and rewriting what Indigenous success looks like in Australia’s business landscape.
The hard work of Aboriginal and Torres Strait Islander business owners has truly blazed the trail, making business ownership a more genuine and accessible path for the next generation of First Nations entrepreneurs. Together, they’re proving that with courage, support, and the right resources, Indigenous business can continue to drive self-determination and economic empowerment—one success story at a time.
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