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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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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Luck of the Irish: Venezuela's brightest camp on sidewalks for chance to start over in Dublin - 1/31/2014 8:11:21 AM | Newser

Luck of the Irish: Venezuela's brightest camp on sidewalks for chance to start over in Dublin - 1/31/2014 8:11:21 AM | Newser | Doing business in Ireland | Scoop.it
CARACAS, Venezuela (AP) — Citizens of Venezuela's socialist revolution have grown accustomed to long lines for everything from bread to buying a car. But 26-year-old Daniela Rodriguez hopes this line... - 1/31/2014 8:11:21 AM | Newser
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Doing business in Ireland - Curated blog of news to do with Irish business

Doing business in Ireland - Curated blog of news to do with Irish business | Doing business in Ireland | Scoop.it
Doing business in Ireland - news from Celtar business consultants

 

Curated blog of news to do with Irish business

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Paul Gough, founder of Nualtra, maker of oral nutritional supplements

Paul Gough, founder of Nualtra, maker of oral nutritional supplements | Doing business in Ireland | Scoop.it

 

UK success a taste of things to come for small start-up

 

Dietician Paul Gough set up Nualtra, a company making oral nutritional supplements to treat disease-related malnutrition, in 2012. It now has a market share in Ireland of between 10 and 17 per cent for its three products and was recently approved by theNHS for prescribing in the UK.

It was named emerging business of the year by Limerick Chamber of Commerce last year and has now won a €300,000 grant from Enterprise Ireland for R&D research with Teagasc.

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Massive Dong wind turbines built by Siemens in Belfast start to turn as Irish Sea project begins - BelfastTelegraph.co.uk

Massive Dong wind turbines built by Siemens in Belfast start to turn as Irish Sea project begins - BelfastTelegraph.co.uk | Doing business in Ireland | Scoop.it
The first of the massive wind turbines which were assembled in Belfast have begun to generate electricity in the Irish Sea.
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Irish Water v- Water Meter Installation Goes Wrong

Irish Water v- Water Meter Installation Goes Wrong | Doing business in Ireland | Scoop.it
So you didn’t ask for an eight-metre-high fountain to be installed in your front garden? Oh.
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Editorial: Policy of attracting high-value companies to Ireland is paying off - Independent.ie

Editorial: Policy of attracting high-value companies to Ireland is paying off - Independent.ie | Doing business in Ireland | Scoop.it
Every new job is important to the economy, so the news that the US electronics firm Tyco is to create 500 in Cork by the end of 2017 has to be gratifying.
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Report on Irish Entrepreneurship: Misguided over-focus on tech sector - FinFacts Ireland

Report on Irish Entrepreneurship: Misguided over-focus on tech sector - FinFacts Ireland | Doing business in Ireland | Scoop.it
FinFacts Ireland Report on Irish Entrepreneurship: Misguided over-focus on tech sector FinFacts Ireland An EU survey of more than 16,000 small and medium size companies in 2007 (SMEs, < 250 employees) found that in Estonia, 23% of companies...
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How Irish Tech Entrepreneurs Are Rebooting Ireland's Economy

How Irish Tech Entrepreneurs Are Rebooting Ireland's Economy | Doing business in Ireland | Scoop.it
Ireland may have looked like the underdog, a tiny nation, just four-and-a-half million people-strong,  when it was facing economic ruin in the financial crisis of 2008, but you should never underestimate the strength of its entrepreneurial spirit.

 

Conall O Morain, presenter of Today FM’s Sunday Business Show in Ireland, says: “Despite having made a hash of the economy, deep down I believe that we are entrepreneurial for reasons of anarchy; we hate authority, so we work much better on our own. We are also a tiny nation and have a very good sense of how insignificant we are unless we go global.

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Brief: Peer-to-Business Lending In Ireland Expected To Surge - Crowdfund Insider

Brief: Peer-to-Business Lending In Ireland Expected To Surge - Crowdfund Insider | Doing business in Ireland | Scoop.it

Zopa is the UK’s largest peer-to-peer lending service, and one of the company’s co-founders has made a pretty amazing prediction about the size of the peer-to-business lending market in Ireland.

In an interview with The Irish Times, Simon Deane-Johns predicted that peer-to-business lending throughput in Ireland could grow to as much as €100 million in three years.

He points out that peer-to-peer lending in Britain had grown over 800% from 2011 to 2013.

 
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Twitter / SamsBarDublin: Who says you can't teach an old dog new tricks...

Twitter / SamsBarDublin: Who says you can't teach an old dog new tricks... | Doing business in Ireland | Scoop.it
CELTAR Adviser's insight:

New bar on Dawson Street, Dublin

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Insight: Revenge of the Irish as mega-merger restores air finance crown

Insight: Revenge of the Irish as mega-merger restores air finance crown | Doing business in Ireland | Scoop.it
SHANNON (Reuters) - Twenty years after the spectacular collapse of Irish tycoon Tony Ryan's plane leasing empire, the Emerald Isle has 

restored its grip on the world's aircraft fleet with a mega-merger that could pave the way for a wave of multi-billion-dollar IPOs.

 

The $5 billion takeover of U.S. leasing giant ILFC by AerCap, a firm that emerged from the ruins of Ryan's pioneering Guinness Peat Aviation (GPA), is set to send ownership of its fleet of 1,000 jets to Shannon, a town in the west of Ireland where GPA pioneered the plane leasing industry in the 1980s.

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ERI Seminar: Enterprise Policy and Ireland’s Economic Recovery - SIPTU Manufacturing Division

ERI Seminar: Enterprise Policy and Ireland’s Economic Recovery

This paper examines the place of enterprise policy in Ireland's economic recovery. It begins with a brief review of recent employment growth, locating it within the pattern of the significant changes in Ireland's enterprise and export sectors since the 1990s and identifying some persistent challenges for economic development.

The paper then summarises institutional changes in enterprise and innovation policy over the past decade, providing an overview of Ireland's changing 'system of innovation'. Irish economic development continues to be dogged by significant structural dilemmas, including disconnected export and domestic sectors, failure of 'leading sectors' to diffuse organisational and technological developments throughout the economy as a whole, the unusual character of an export sector dominated by foreign firms, and an innovation system that has seen increased resources but a narrowed focus.
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Success of Wood Energy Solutions boiler manufacturer is down to export sales

Success of Wood Energy Solutions boiler manufacturer is down to export sales | Doing business in Ireland | Scoop.it
An Irish wood pellet boiler manufacturer has increased turnover by 500%, boosted by British government alternative energy incentives. And in the three years since it was set up, it has sold just one boiler in Ireland, writes Trish Dromey.
CELTAR Adviser's insight:

With no incentives for people to switch to alternative energy sourcres, Wood Energy Services exports all its wood pellet boilers.

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Irish academics get lavish pension top-ups as private pensions struggle

Irish academics get lavish pension top-ups as private pensions struggle | Doing business in Ireland | Scoop.it
Irish/Ireland Business News, Internationa, Global, World, European Union, Financial Information - Irish Finance and Business Portal - providing Irish, European and global market information including mortgages, pensions, investment, property
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Kerrygold butters up the Germans with record sales - Independent.ie

Kerrygold butters up the Germans with record sales - Independent.ie | Doing business in Ireland | Scoop.it
A RECORD €316m worth of Irish dairy products were consumed in Germany last year.

 

Kerrygold is the number one butter brand in Germany, selling enough packets to stretch 15 times fromDublin to Berlin.

Managing director of the Irish Dairy Board in Germany, Gisbert Kugler, said yesterday that the firm boasts a market share of 17pc and a brand share of more than 50pc.

"This equates to over 200 million packs of butter in over 23,000 outlets each year – enough butter to stretch 15 times from Dublin to Berlin," he said.

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Thoughts and ideas on growing a business » Government support for small business & SMEs in Ireland January 2014

Thoughts and ideas on growing a business » Government support for small business & SMEs in Ireland January 2014 | Doing business in Ireland | Scoop.it

This is a list of government funded schemes and incentives aimed at supporting small and medium sized business, published by the DEJI (Irish government Department of Jobs, Enterprise and Innovation) in January 2014.

 

 The list may look impressive; the schemes are aimed at different segments of the small and medium business sector. In fact few are supportive of smaller companies who have been denied loans by their banks. Financial support is aimed at “innovative” companies that wish to export.

 

 I have edited the document to include what is most relevant to Irish business – 

CELTAR Adviser's insight:

January 2014 update from Celtar blog on grants and supports for business in Ireland

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Zapp, the Irish innovator who's making mobile transactions really pay off - Independent.ie

Zapp, the Irish innovator who's making mobile transactions really pay off - Independent.ie | Doing business in Ireland | Scoop.it
There are a few residual tech missions that seem to attract doomed investments every year. The 'smart home'. Voice-to-text technology. 3D televisions. But none has exercised investors a
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allAfrica.com: Ethiopia: State Minister Dewano Kedir Meets an Irish Business Delegation

allAfrica.com: Ethiopia: State Minister Dewano Kedir Meets an Irish Business Delegation | Doing business in Ireland | Scoop.it
allAfrica: African news and information for a global audience 

 

State Minister Dewano Kedir met with an Irish business delegation headed by Sean Hoy, Deputy Director of the Africa Section of the Irish Ministry of Foreign Affairs and Trade, on Friday (January, 24).

The State Minister welcomed the interest of Irish business investors to work in Ethiopia and he applauded the Irish Africa Section for its contribution to the promotion of trade and investment as an element in the bilateral relations of the two countries. David Moore, Director of Agricultural Magnetics Limited, noted that two Irish private companies were intending to introduce patented technology for the agricultural industry, to provide services for the distribution of materials to provide for safe production, personnel equipment and spill clean-up products.

He said this would boost ag

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Quality of Irish start-ups ‘improving’

Quality of Irish start-ups ‘improving’ | Doing business in Ireland | Scoop.it

The quality of start-up companies being founded in Ireland is improving every year according to venture capitalist Richard Moran.

CELTAR Adviser's insight:

Positive comments from a venture capitalist at the Limerick ITLG conference.

 

What is a venture capitalist, what do they expect from an investment?

Private investors who provide venture capital to promising business ventures. They typically invest where at least 25 percent annual returns within one to five years are feasible, and often demand 50 percent or more ownership to exercise control over the investee firm to offset their high risk.

 

Often they also provide management and industry expertise and business connections with other firms and venture capitalists. Their objective usually is to bring the business to its initial public offering (IPO) stage so that they can sell their shareholdings to the public at the highest profit, and get out. 

Read more: http://www.businessdictionary.com/definition/venture-capitalist.html#ixzz2rgveaPwe

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Limerick based Mincon lists on the Irish Stock Exchange, raising €50m - YouTube

The Irish Stock Exchange has today welcomed Mincon Group to the exchange's Enterprise Securities Market.   Mincon specialises in the design, manufacture, sal...
CELTAR Adviser's insight:

If it can't be grown, it has to be mined

If it has to be mined, it needs to be drilled

 

Mincon www.mincon.com supplier of drill parts to www.hogandrilling.ie 

 

Video by www.Ballywire.ie  

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ISME WELCOMES ENTREPRENEURSHIP REPORT , criticises changes to business support for micros

ISME WELCOMES ENTREPRENEURSHIP REPORT , criticises changes to business support for micros | Doing business in Ireland | Scoop.it

 

ISME WELCOMES ENTREPRENEURSHIP REPORT 

Government must follow through with policy and oversight body.The Entrepreneur must be central focus of any initiatives.Incorrect decision to place enterprise offices under Department of Environment must be reversed. 

CELTAR Adviser's insight:

Yes it is bizarre that the support for micro-businesses is moving to local authorities to manage.

Internationally it is recognised that for business support to be effective it should be at several removes from the public sector.

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» Goldilocks pricing, a successful selling strategy for your customers? Celtar blog, Thoughts and ideas on growing a business

Pricing is a fascinating area for any business, are we charging too much or too little? What will the market “bear”? How can we stand out from our competitors?

 

Read this piece from the pricing experts at the Wiglaf Journal, www.wiglafjournal.com .

 

 

 

 

 

The Sears catalogue built its reputation on it. Rolls-Royce became legendary by offering it. Federal Express transformed it from a grudging obligation to a powerful marketing tool. Several Celtar clients utilise this strategy of offering choice and customer self-selection of options. It is also a practical strategy I suggest for everything from B2B consulting to B2C online sales.

CELTAR Adviser's insight:

To learn how Goldilocks Pricing can grow your sales, contact Billy Linehan, 086 608 6991 andbilly.linehan@celtar.ie

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Irish Dentist.ie | Irish public unaware of free dental care - why?

Irish Dentist.ie | Irish public unaware of free dental care - why? | Doing business in Ireland | Scoop.it

Only one in three adults are taking advantage of free dental care benefits, with just 33% visiting their dentist every year, according to the survey conducted by the Irish Dental Association (IDA).

 

Figures show that 46% of Irish people are spending less on dental health, while 41% ‘rarely if ever' think of visiting the dentist.

CELTAR Adviser's insight:

The public vote with their feet, and many do not attend dentist surgeries on a regular basis.

 

This is largely the fault of a dental profession which appeared for many years more concerned with generating large fees then playing a significant role in public health. Irish dentists have failed to engage with the government in promoting dental welfare.

 

Dental work is costly and consumers  can clearly see the much better value for money that can be achieved in  Northen Ireland, the UK and eastern Europe.

 

It is a challenging market for newer dentists in Ireland. How can they break the "mould" and and differ from legacy of their older peers?

How can they transform the profession to becoming a pillar of the well being community in Ireland?

 

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First joint ministerial trade mission to Asia, from Dublin, London & Belfast to Singapore airshow

First joint ministerial trade mission to Asia, from Dublin, London & Belfast to Singapore airshow | Doing business in Ireland | Scoop.it
Government ministers from Dublin, London and Stormont are to take part in their first international joint trade mission to Singapore early next month

 

.Representatives from all three administrations are to attend the Singapore Airshow to pursue trade and investment opportunities in the aviation sec

CELTAR Adviser's insight:

A three way joint trade mission? 

Makes sense perhaps for the aviation sector - would not work for Ireland Food Nation though.

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