Doing business in Ireland
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Doing business in Ireland
Doing business in Ireland - news from Celtar business consultants, business advisers Dublin and Ireland, curated by Billy Linehan
Curated by CELTAR Adviser
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Tech start-up of the week: RunLastMan.com

Tech start-up of the week: RunLastMan.com | Doing business in Ireland | Scoop.it
Our tech start-up of the week is RunLastMan.com, which provides a platform and software through which charities and sports clubs can raise money through the running of the already popular Last Man Standing fundraising competitions.
CELTAR Adviser's insight:

Good luck to Graham and Dan with their startup.

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Loans to households and business continued to decline last month, says Irish Central Bank

Loans to households and business continued to decline last month, says Irish Central Bank | Doing business in Ireland | Scoop.it

Loans to households and business continued to decline last month, according to new statistics from the Central Bank.


Although there has been some improvement in recent months in terms of bank lending, progress is still very slow. Advancing credit to the SME sector in particular is essential if the Irish economy and labour market is to fully recover. 

CELTAR Adviser's insight:

If the government wants to act on jobs, it should support the easing of credit to Irish SMEs.

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Varadkar urges end to strike at Aer Lingus - Independent.ie

Varadkar urges end to strike at Aer Lingus - Independent.ie | Doing business in Ireland | Scoop.it
TRANSPORT Minister Leo Varadkar has urged SIPTU to call off the “totally unnecessary” strike by Aer Lingus workers over the St Patrick’s weekend.
CELTAR Adviser's insight:

Bizarre threat of strike undermining visitors to Ireland for St Patrick's week holidays - veering on economic sabotage?

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Irish carpooling company launches in Austin - Austin Business Journal

Irish carpooling company launches in Austin - Austin Business Journal | Doing business in Ireland | Scoop.it
Cork, Ireland-based Carma Carpooling has launched its Austin smartphone app.
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Cantillon: Be careful counting on jobs

Cantillon:  Be careful counting on jobs | Doing business in Ireland | Scoop.it
Government and industry cheerleaders bandy around dizzying numbers of ‘potential’ jobs

 

And then there was Bruton, hailing the 1,850 jobs that “will be created” by 122 high-potential start-up companies supported by Enterprise Ireland.

Hang on. Yes, that’s right, “high potential start-up”. In other words, cutting-edge companies that could deliver on the 10-15 jobs per company target or even better it, but could just as likely fail altogether. The other numbers bandied about above also come with enough qualifiers to render them effectively meaningless as any proper guide.

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Blackstone cleans up in Ireland amid bank squeeze

Blackstone cleans up in Ireland amid bank squeeze | Doing business in Ireland | Scoop.it
Biggest bet is arrangement awarding firm 25% of Eircom for more favourable terms on debt burden

 

Bankers have been blanketing Ireland in search of cheap assets and lucrative deals, and few firms have been as aggressive as the Blackstone Group.

From snapping up hotels to advising the government on what to sell and when, Blackstone deal makers seem to be everywhere.

Yet the private equity giant’s biggest bet in the country has been one cooked up largely in the shadows: an unorthodox arrangement awarding Blackstone 25 per cent of telecoms giant, Eircom, in return for more favourable terms on its punishing debt burden. The deal is a vivid illustration of shadow banking, when private equity and hedge funds replace banks as the main creditors to companie

 

 

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Shooting to people in Kiev / Стральба па пратэстоўцах у Кіеве - YouTube

Kiev, Ukraine. Special forces shoot protesters near Euromaidan. http://belsat.eu/en/wiadomosci/a,18065,shocking-video-special-forces-shoot-protesters-near-eu...
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Family business is different - in India (what's the story for Irish firms?)

Family business is different - in India (what's the story for Irish firms?) | Doing business in Ireland | Scoop.it

You are born in the business, you live in it, you die in it!

 

The family is integral to Indian culture and business. Nearly 85% of all companies in the country are family businesses - and these include big conglomerates such as Tata, Reliance and the Wadia Group.

 

"In other businesses, what is important is competence and profit. That is the measure of success. But in family businesses it's different," says Mr Bahl.

"What is important is that you are together, that you're working together and living together.

"You care for the reputation, you care for the principles of your forefathers and success or profit or that kind of yardstick is not param

CELTAR Adviser's insight:

You are born in the business, you live in it, you die in it!"

 

Family businesses dominate the Irish business landscape in numbers but not in size. Most are first and second generation owned and managed, and many achieved only relative scale during the Tiger years.

 

Irish family businesses I work with share many of the traits of Indian ones - the intensity of communications, the need for careful succession planning, and the apparent lack of meritocracy in some appointments and promotions.

 

At Celtar we work with -  and advise -  owners and directors of many family owned and managed companies.

We also learn a lot from them.

 

The values of family businesses are different, different from corporates and from the public sector organisations they often sell to.

In fact the exchange between employer and employee is different, and does not depend on a pure profit motive OR an adherence to a public sector productivity culture.

 

The "psychological contract" if spelt out is uneven but depends more on, commitment, pride in the task, loyalty when under pressure, trust gained over time and a common objective of meeting customer needs and getting the job done.

 

Bill Linehan, Celtar business advisers Ireland

 

Contact us

billy.linehan@celtar.ie

00 353 86608 6991

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Love stories from SEDA College Dublin - Sidnei Santos - YouTube

Living abroad can be an experience even better when you are with someone you love! Check out now the exciting story of Amélia and Sidnei and find out what Du...
CELTAR Adviser's insight:

SEDA College is the biggest  language school in Dublin..

Marketing is everything for language schools, as well as the quality of the teaching.

SEDA  excels  in its website  www.seda.ie   and  through its digital marketing. - led by  a young team in touch with their peers.

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Great service from Ryans Garage, Blanchardstown...

Great service from Ryans Garage, Blanchardstown... | Doing business in Ireland | Scoop.it
CELTAR Adviser's insight: Great car service from Ryans Garage Blanchardstown (Ryans Garage, Blanchardstown New Used Seat cars service Dublin 15 North West Leon Ibiza Altea Alhamb...
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46 more firms supported by Microfinance Ireland | Irish Examiner

46 more firms supported by Microfinance Ireland | Irish Examiner | Doing business in Ireland | Scoop.it
The number of micro-enterprises supported by the Government-backed emergency credit facility Microfinance Ireland has increased by just 46 in the past three months.
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Entrepreneurship Forum Report 2014 Ireland - what's missing?

If you want quality business  advice, don't go to amateurs

 

Bizarre for me that there is no mention  - or recognition - of the role of professional business advisers in this report.

The  expert business mentors in the County Enterprise Boards are not mentioned, the professional business mentors and consultants in the private sector are not acknowledged.

Where is the Institute of Management Consultants and Advisers  www.imca.ie in the report? A professional institute with several hundred members, half of whom work with SMEs.

A key element of improving competitiveness should be acknowledging business advisers who work daily with Startups & SMEs. 

Instead of setting up a plethora of state funded schemes that compete wth private sector business consultants, Richard Bruton should ask his department to ally itself with quality business advisers and to lessen it's intervention in a well catered for sector.

 

Billy Linehan

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Supplier Event - Northern Ireland Water £130m contracts available - 13 March 2014 with @IntertradeIreland

Supplier Event - Northern Ireland Water £130m contracts available - 13 March 2014 with @IntertradeIreland | Doing business in Ireland | Scoop.it

 

Northern Ireland Water (formerly Water Service) is the sole provider of water and sewerage services in Northern Ireland.

 

We are hosting an information event for suppliers interested in tendering for NI Water contracts. Details of the event are outlined below:

Suppliers DayThursday 13 March 2014
9.30-14.30
NI Water Training Centre Antrim

NI Water is inviting business suppliers to a 'Suppliers Day' on Thursday 13 March 2013. The event, which is being held at the NI Water Training Centre, Antrim, is designed for suppliers and potential suppliers to learn more about NI Water’s procurement process and its requirements over the next 18 months and how to respond to tenders.

 

Supported by Intertrade Ireland

“We are delighted to be involved with the NI Water ‘Suppliers' and to support SMEs in attendance with procurement advice and support, particularly in relation to advice on forming consortia and collaborative bids on an all-island basis.

Those interested in attending the day need to pre-register by completing the registration form available below and emailing it tosourcing@niwater.com Places are limited and will be allocated on a first come, first served basis.

To register your attendance at this event please emailsourcing@niwater.com 

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Connaught Telegraph - No clear vision exists despite 20 enterprise agencies operating in Mayo county

ELECTED representatives in Mayo have been told of the need for a visionary plan to create 15,000 new jobs in the county over the next 10 years. 

And while there were over 20 enterprise support agencies operating in the county, there was no clear vision or synchronised plan.


Mr. Canavan explained the jobs crisis is based on the fact over 12,000 people were unemployed and 5,000 had emigrated in recent years.

He stated the increase in online sales is ‘a real game changer’ in taking business off existing retailers.


On the issue of attracting foreign direct investment, he said what is needed are factories and offices which are ‘enterprise ready’ and can be marketed globally by all relevant agencies.

 


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High approval of Enterprise Offices among South Dublin businesses - before it is launched?

High approval of Enterprise Offices among South Dublin businesses - before it is launched? | Doing business in Ireland | Scoop.it

A survey of local businesses in South County Dublin has shown a very positive attitude to the services offered by the Local Enterprise Office.

CELTAR Adviser's insight:

The LEO is a continuation of a County Enterprise Board, staffing and services.remain the same.

It is unclear how its services can receive high approval ratings before it is launched? 

Arising out of the culling of 35 mini-quangos, services to micro-businesses (less then 10 employees) will now be managed by each local council.

Observers comment that internationally the delivery of enterprise support is most effective when it is delivered at arms length (or further!)  from the public sector.

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Dublin City business library were at Your Business Day 2013 from @dublinCEB Dublin City Enterprise Board

Dublin City business library were at Your Business Day 2013 from @dublinCEB Dublin City Enterprise Board | Doing business in Ireland | Scoop.it
DCPL Business Information Centre hosted an information stand at Your Business Day in the Science Gallery, 18 October 2013. Your Business Day is a major annual event for small businesses in Dublin City organised by Dublin City Enterprise Board.
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Great courses from Fingal CEB, why none in Dublin 15, the commercial capital of North Dublin? @fingalcoco

Great courses from Fingal CEB, why none in Dublin 15, the commercial capital of North Dublin? @fingalcoco | Doing business in Ireland | Scoop.it





All training will take place at our training facility:
Mainscourt,
23 Main Street,
Swords,
Co. Dublin

CELTAR Adviser's insight:

It is hoped that when the new Local Enterprise Office starts in Fingal County Council that it will offer training in ALL of the county, and not only in Swords.

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CELTAR Adviser's curator insight, February 28, 2014 10:07 AM
 

It is hoped that when the new Local Enterprise Office starts in Fingal County Council that it will offer training in ALL of the county, and not only in Swords.

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Ireland flouts EU rules by not revealing winners of public contracts, hard for SMEs to compete

Ireland flouts EU rules by not revealing winners of public contracts, hard for SMEs to compete | Doing business in Ireland | Scoop.it
THE winner of four out of five state contracts is never revealed, new research shows

 

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An estimated 7,500 tenders worth €12bn were offered by government departments, agencies and utility companies in 2013 on the eTenders procurement website.

Despite government cuts to health spending, the Health Service Executive (HSE) awarded more than any other body, according to the annual report from TenderScout.

But only 10pc of SMEs actually participate in the tender process.

Tony Corrigan, chief executive of TenderScout – which helps SMEs win tenders – revealed that 82pc of the time the results are kept secret, with no public record of the successful companies or the value of the contracts won.

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Are you suitably qualified and experienced to serve on the Evaluation Committee of the South Dublin Council Local Enterprise Office?

South Dublin County Council is now inviting expressions of interest from persons interested in being appointed to the Evaluation and Approvals Committee.

The Evaluation Committees will consist of the County Manager as Chair; a representative from Enterprise Ireland; and five individuals with specific areas of business expertise. There is no remuneration attached to the positions.

 

CELTAR Adviser's insight:

Evaluation committees and grant support

 

Interesting to see this advert to fill vacancies for the voluntary role as a member of a new LEO's grant evaluation committee.

  

One wonders how this process will work out - one could ask is it really the role of a County  Manager (or his/her substitute?) to be a decision maker in allocating grants. to local small businesess?  I suspect they have enough responsibilities already.

 

Neutrality and the transparency  of the decision making criteria are what clients look for.

 

Lets wait and see, maybe there will be improvements on how some of the CEBs have operated in the past.

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What exactly is an entrepreneur?

What exactly is an entrepreneur? | Doing business in Ireland | Scoop.it
Entrepreneurs are everybody’s favourite heroes. Politicians want to clone them. Popular television programmes such as “The Apprentice” and “Dragons’ Den”...
CELTAR Adviser's insight:

Commentary to follow... Billy

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Waterford tipped as high-potential micro city in EU report

Waterford tipped as high-potential micro city in EU report | Doing business in Ireland | Scoop.it
An influential international business magazine has included Waterford among its top European cities and regions of the future in a new ranking of high-potential areas.
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Start-up firm numbers the highest in six years | Irish Examiner

Start-up firm numbers the highest in six years | Irish Examiner | Doing business in Ireland | Scoop.it
The start-up community is continuing to boom, with more than 1,500 companies incorporated in January, the highest number in six years.
CELTAR Adviser's insight:

Interesting to see a breakdown of the sectoral trend, and what happens for the rest of the year.

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The Complete Quantitative Guide To Judging Your Startup | TechCrunch

The Complete Quantitative Guide To Judging Your Startup | TechCrunch | Doing business in Ireland | Scoop.it
Raising capital from investors is often a frustrating experience. While part of that frustration will always be present when working on high-risk projects, a..
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Irish Women in Business: Managing Director of Oishii Sushi Ciara Troy

Irish Women in Business: Managing Director of Oishii Sushi Ciara Troy | Doing business in Ireland | Scoop.it
We caught up with Ciara Troy, the Managing Director of Oishii Sushi, an Irish-owned Sushi company

 

.I think my aim has remained the same and seven years later, we are still trying to be innovative and educate consumers about Japanese cuisin

CELTAR Adviser's insight:

Ciara Troy told her story to the audience of business startups at the Your Business Day event in the Science Gallery, Dublin in 2013.

A longtime client of Dublin City Enterprise Board, we are delighted in her success and wish her all the best for the future.

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Consumer psychology and the e-commerce checkout (infographic)

Consumer psychology and the e-commerce checkout (infographic) | Doing business in Ireland | Scoop.it
Online retailers, take note, site speed matters when it comes to consumers making purchases online, suggests an infographic that looks at what compels online shoppers to complete a purchase - or to abandon it altogether.
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