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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
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Travelling Languages - English in Ireland | Your language school on the road...

Travelling Languages - English in Ireland | Your language school on the road... | Doing business in Ireland | Scoop.it

Travelling Languages’ teaching method ensures that every student gets to see the best of the Irish culture, the countryside, the cities, but especially the fantastic local people!

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Homestay.com secures €3 million in funding to grow business

Homestay.com secures €3 million in funding to grow business | Doing business in Ireland | Scoop.it
Irish online booking platform has acquired Berlin-based entity Homestaybooking.com
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Online Trading Voucher information - Local Enterprise Office Dublin City @leodublincity

Online Trading Voucher information - Local Enterprise Office Dublin City @leodublincity | Doing business in Ireland | Scoop.it
50 small businesses in Dublin City will be awarded a voucher, worth up to €2,500 each, to enable them to start trading online to grow sales and reduce costs.
CELTAR Adviser's insight:

I have been invited to attend a conference by the Department of Communications on the online trading vouchers scheme in Dublin tomorrow and the next day. 

There is a big push from the government to support ecommerce in Irish small businesses. The question is can Irish businesses compete in terms of price and range of products with companies from larger economies? 

Will update and answer the question after the event.

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Ireland’s Credit Rating Upgraded at S&P

Ireland’s credit rating was upgraded one level by Standard & Poor’s, which said the strengthening economy will help the government reduce its debt.
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Tech entrepreneurs should head west to Silicon Valley - what abo London Paris Frankfurt Rotterdam Tel Aviv Moscow Oslo Dubai?

Tech entrepreneurs should head west to Silicon Valley - what abo London Paris Frankfurt Rotterdam Tel Aviv Moscow Oslo Dubai? | Doing business in Ireland | Scoop.it
You will need to establish a place of business and transplant founders or senior people there for a period of time at least to demonstrate commitment

 

With a population of just 4.5 million, the Irish market does not have the scale to deliver the returns on the founders’ efforts. Equally, the availability in Ireland of growth capital to build out a global company is limited. So where and how should Irish technology entrepreneurs look for new customers and investors?

For software companies, Silicon Valley is Hollywood. It’s where the stars live and work, the sun always shines and the deals are done.

According to PricewaterhouseCoopers National Venture Capital survey 2013, 46 per cent of US venture capital was invested in Silicon Valley/San Francisco and 58 per cent of all US venture investment was in software.

Add in access to the US market of 300 million consumers and the numbers answer the question of where.

Anybody who has raised money for a company knows the amount of networking, lunches, meet-ups and pitches required to get funded. Fundraising usually takes about 30 per cent of a serious start-up CEO’s time.

CELTAR Adviser's insight:

Certainly received wisdom is that a tech startup should aim for the Valley - so much so encouraged by Enterprise Ireland and the VCs based in Silicon Valley....

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Humble Pie - Hallelujah I Love Her So - YouTube

Humble Pie - Hallelujah I Love Her So
CELTAR Adviser's insight:

What music!

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Things on the up ‘for most Irish SMEs’

Things on the up ‘for most Irish SMEs’ | Doing business in Ireland | Scoop.it
Most small to medium-size enterprises have seen their turnover either increase or remain stable, according to the Red C survey of SME Credit Demand in Ireland.
CELTAR Adviser's insight:

This is a proper survey unlike the recent SME one instigated by the Department of the Taoiseach.

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Heading to AGM & Members' Dinner Institute of Management Consultants and Advisers Ireland 18 June @imcaireland

IMCA's AGM will be held at 6:30 pm on Wednesday, 18th June 2014 at Morehampton Road, Donnybrook, Dublin 4.  

Wine Reception and Members’ Dinner

The AGM will be followed by a Wine Reception and Members’ Dinner.  Our dinner guest will be Matt Dempsey who recently retired as Editor of the Farmers Journal. Matt is President of the RDS and a past Chair of the Agricultural Institute and ACOT. He will give a talk on the impact of impending changes in the agribusiness sector on the Irish economy and the consultancy opportunities that may arise.  

 

 

CELTAR Adviser's insight:

The Institute of Management Consultants and Advisers, IMCA, is the only professional body for management consultants and business advisers in the Republic of Ireland. - JOIN TODAY!

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Sophie Morris: Kooky Dough flies off shelves as far away as Middle East - Independent.ie

Sophie Morris: Kooky Dough flies off shelves as far away as Middle East - Independent.ie | Doing business in Ireland | Scoop.it
The punters who swarmed the Kooky Dough stand at the Bloom festival last weekend were not only keen to snap up the company’s rolls of premixed cookie dough but to meet Sophie Morris.
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Bank refusal rate remains high in Ireland – Isme

Bank refusal rate remains high in Ireland – Isme | Doing business in Ireland | Scoop.it
The results of the latest Isme Quarterly Bank Watch Survey show a reduction in demand for bank credit and a continuing high refusal rate in the three months to end of May.
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Big change on the cards for biomass industry from AEG

Big change on the cards for biomass industry from AEG | Doing business in Ireland | Scoop.it

We are actually the perfect biomass solution because most of these companies spend about 40 to 50 per cent of the cost of making biomass in drying it before they can make it into a pellet. We wet it, we don’t spend anything on gas, we don’t create any emissions in producing the product.”

Rather than spend millions investing in stationary plants that are located in remote areas and require material to be shipped to them, the AEG solution can be brought to sawmills and waste piles, eliminating the cost of shipping the raw material.

“We were looking for a mobile solution so that we could go to waste piles or sawmills around Europe, on wheels. We could go there, and when there was no more there, we could move to the next one. We’d move pellets and not hundreds of thousands of very cheap, bulky sawdust around the continent or the world,” says Spinks.

Instead of spending 350 to 450 kwh to make one tonne of pellets to burn to make electricity – a situation he describes as “nonsense” – the AEG system uses one kwh per tonne. That equates to less than the average washing machine.

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Where are the most Irish cities and towns in the USA?

Where are the most Irish cities and towns in the USA? | Doing business in Ireland | Scoop.it

The US Census Bureau’s American Community Survey has revealed amazing details on where and who exactly these Irish Americans are. Interestingly five out of 10 Irish Americans live by the sea. It must be the Irish islander in them.

The Census and survey show that Irish Americans live largely in the Northeast of the USA.

The most Irish urban area is the Boston metro area with 20% of those living there claiming Irish ancestors. Boston is followed by Middlesex County, MA, and Peabody, MA. Across the country the Irish American community makes up 5 percent of the population in most counties. In New England, New York state, New Jersey, and eastern Pennsylvania they represent 10 percent.

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Credit still ‘key’ for Irish SME survival

Credit still ‘key’ for Irish SME survival | Doing business in Ireland | Scoop.it

Irish SMEs are growing strongly in terms of sales but, worryingly, only a third have reported an increase in profitability as a result.

The survey carried out by Bibby Financial Services Ireland found that out of 350 SME owners, 37% reported stronger trading conditions in the first quarter of 2014, compared with the previous quarter.

Nearly half of the companies who had seen their business improve were focused on the export market with only 35% of those who had seen an increase in the first quarter of the year concentrating solely on the domestic market.

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Ireland ‘the most truly Muslim country in the world’

Ireland ‘the most truly Muslim country in the world’ | Doing business in Ireland | Scoop.it

The country in the world most faithful to the values of the Koran is Ireland according to an Iranian-born academic at George Washingon University in the US. Next are Denmark, Sweden and the UK.


In a BBC interview, Hossein Askari, Professor of International Business and International Affairs at George Washington University said a study by himself and colleague Dr Scheherazde S Rehman, also rates Israel (27) as being more compliant with the ideals of the Koran than any predominantly Muslim country.


Not a single majority Muslim country made the top 25 and no Arab country is in the top 50.

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Introducing the One Hour business plan, Billy Linehan of Celtar at the Dublin city enterprise network for women

Introducing the One Hour business plan, Billy Linehan of Celtar at the Dublin city enterprise network for women | Doing business in Ireland | Scoop.it

Session on business planning by @billylinehan kicking off for @LEODublinCity #Womeninbusiness pic.twitter.com/U3m5jv01zH

CELTAR Adviser's insight:

An energetic group completed and presented their business plans within one hour.

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Fixing a lot of small things will help create jobs - Independent.ie

Fixing a lot of small things will help create jobs - Independent.ie | Doing business in Ireland | Scoop.it
'OBJECTIVE, evidence-based resea-rch." To the untrained eye it may look like a strange term, possibly even part of the lexicon of jargon business people now use to disguise the fac
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No friction bringing people here from Europe & lots of US engineers quite like idea of coming to work in Dublin for a while

No friction bringing people here from Europe & lots of US engineers quite like idea of coming to work in Dublin for a while | Doing business in Ireland | Scoop.it
'Ireland has become the Silicon Valley of Europe." It sounds like just another soundbite from someone looking to promote their business or plamas a conference. But this is how a se
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Write One Hour Business Plan ?@LEODublinCity #womensbusiness network 9th Jun 18.45

Write One Hour Business Plan ?@LEODublinCity #womensbusiness network  9th Jun 18.45 | Doing business in Ireland | Scoop.it

Coming to the womens network event sponsored by LEO Dublin City?

 

Share your experience with others 

 

Be prepared - write a business plan in one hour beforehand?

 

What Is a Business Plan?

A business plan doesn’t need to be a 25-page document that you write, print, and put aside.  A business plan can be done on one page, and should merely have brief descriptions for each of the following 10 categories. Channel Twitter in that each section should not contain more than 140 characters:

 

1. A one-sentence description about your business. (Value Proposition)

2. The “problem” your product is responding to by being in the market. (Market Need)

3. A description of your products (photos are always appreciated). (Your Solution)

4. Who else in the market is doing similar things and why your products are better?(Competition)

5. Who buys your products (or will buy your products)? (Target Market)

6. How much does it cost you to produce one of your products? How much do your products cost, how many of them will you sell this year, and how will I make a profit?(Financials: Budgeting & Forecasting)

7. How do (or will) you market your products? (Sales Channels & Marketing Activities)

8. What are your business achievements? What are you working toward, what is your action plan? (Milestones)

9. Who are you, and why are you the right person to lead your venture? (Management Team)

10. Optional: How much money you need to launch or grow your business, and what specifically will you use the funds for in your business? (Funding Needs & Use of Funds)


Above is by Caroline Cummings of the https://blog.etsy.com 

CELTAR Adviser's insight:

Sharing "Thoughts and Ideas about effective business planning" presented by Billy Linehan of Celtar ,

Alexander Hotel, 6.45-9pm, Monday 9 June 2014

for the Womens Business Network sponsored by the Dublin City Local Enterprise Office

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Northern Irish consumers 'most loyal to local businesses'

Northern Irish consumers 'most loyal to local businesses' | Doing business in Ireland | Scoop.it
More than 40 per cent of UK consumers choose to shop local, while shoppers in Northern Ireland are most likely to be loyal to local businesses.

 

This is according to new research from Everline, which found that two fifths of consumers are loyal to three or more local businesses, choosing them over their larger competitors.

Shoppers in Northern Ireland are the most likely to shop local, with a third buying from more than four local businesses on a regular basis.

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Couple launch North of Ireland's first craft gin - The Irish Post

Couple launch North of Ireland's first craft gin - The Irish Post | Doing business in Ireland | Scoop.it
Husband and wife team Fiona and David Boyd-Armstrong have launched a new craft gin, made at their Rademon Estate Distillery

 

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Shortcross Gin is an aromatic and smooth gin with a long peppery finish, produced in a bespoke copper still using fresh water from the estate.

It is created using fresh apples, elderberries and wild clover distilled with other botanicals including juniper, coriander, orange peel, lemon peel and cassia.

Shortcross Gin is currently being distributed by James Nicholson Wine Merchants but has also been snapped up by a number of local bars and restaurants across the North of Ireland.

 

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Irish Times & bailed out bank AIB's Start-up Academy contribute to #startupeuphoria

In 2012 The Irish Times first opened its doors to startups, with The Irish Times Digital Challenge says Johnny Ryan

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ISME 2014 Survey – Baloney from Banks and Govt on lending to SMEs « Damien Mulley

52% of companies who applied for funding in the last three months were refused credit by their banks, a slight improvement on the 54% refusal rate, seen in the previous quarter.32% of respondents had requested additional or new bank facilities in the last 3 months, a reduction from 39% in the previous quarter and lowest demand since June 2011.On average, the decision time has increased to just over 4 weeks and the wait to drawdown has increased from 3 to 5 weeks.11% of respondents who required bank finance did not apply for various reasons, a decrease from 17% in the previous quarter.Of those 42% were actually discouraged by bank from making application and another 33% were afraid of a reduction in existing facilities.50% of respondents are customers of their bank for over 20 years, while 85% are over 5 years.Of the 48% approved for funding, only 43% have drawn down the finance either fully or in part.46% of requests were for term loans, with 34% for overdrafts, or alterations to existing facilities, while invoice discounting/factoring accounted for 5% of requests, with 20% requesting leasing.60% of respondents had increases in bank charges imposed, while 20% have suffered increased interest.Reductions in overdrafts were demanded of 23% of SMEs, down from 35% in the previous quarter.71% state that the Government is having either a negative or no impact on SME lending.74% of owner/managers are in favour of an alternative Strategic Investment Bank.Only 32% of respondents are aware of the code of conduct for business lending to SMEs.

 

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Ed Hewitt-Symonds's curator insight, August 24, 4:23 AM

Interesting stats. here and probably closer to my understanding of the market than what the banks are saying !!

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Networking Event for Women in Business - Local Enterprise Office - DublinCity

Networking Event for Women in Business - Local Enterprise Office - DublinCity | Doing business in Ireland | Scoop.it

Practical tips for developing a Business Plan that works -09th June Network Event facilitated by Billy Linehan of Celtar business consultants 

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IBM People For Smarter Cities: Granby Pop-Up Park Dublin Ireland - YouTube

Learn more smart ideas at http://bit.ly/1jUBwnO. Through a city planning project, Upstart successfully transformed a vacant Dublin site into a pop-up park. N...
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Cautious welcome for new bank in Ireland for SMEs - Strategic Bank SBCI

Cautious welcome for new bank in Ireland for SMEs - Strategic Bank SBCI | Doing business in Ireland | Scoop.it

The new Strategic Bank, SBCI, will be a different beast. It will act as an intermediary between its capital providers, including the German State bank, KfW, the European Investment Bank, and our own Irish Strategic Investment Fund. Its goal will be to provide loans at below prevailing commercial rates to SMEs.

Finance Minister Michael Noonan has indicated that he expects that the SBCI will have a balance sheet of around €5bn after five years.

The pillar banks, in particular, will have a large pool of funds from which to draw. Small firm organisations will be pressing to ensure that these low interest funds reach the intended targets and are not siphoned off elsewhere.

According to Dermot O’Leary of Goodbody Stockbrokers, “the banks will be used as a distribution platform for these cheaper funds and must prove that the funds are solely used to lend to SMEs. The Government hopes that the SBCI (strategic bank) will lower barriers to entry to the market.”

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