Damien Malone

The success and growth of small to medium-sized enterprises (SMEs) in Ireland is essential for the country’s economy. SMEs have been identified as a primary source of job creation, innovation and entrepreneurship across all sectors of society. However, access to adequate funding remains one of the main obstacles for business owners when establishing or expanding their businesses. This article explores the various sources of finance available for Irish SMEs, with particular emphasis on the advantages and disadvantages associated with each option. In recent years, there has been an increasing focus from both public authorities and private investors on providing financial support to SMEs in Ireland. Government initiatives such as Microfinance Ireland and Enterprise Ireland represent two key examples that seek to provide start-up capital, mentoring services and other forms of assistance to entrepreneurs seeking to establish their own businesses. Additionally, several alternative financi...

Starting a business in Ireland is an exciting endeavour, with the potential to bring great rewards. According to recent figures from the World Bank, approximately 21.4% of Ireland’s population are entrepreneurs or own their own businesses; this demonstrates that it is a viable and attractive prospect for those looking to take the plunge into self-employment. However, there are certain essential considerations which must be taken when starting a business in order to ensure success. This article will provide an overview of these factors and offer practical advice on how best to make use of them before launching a new venture in Ireland. The process of setting up any kind of enterprise can appear daunting at first but with careful planning and consideration, it need not be so difficult. From understanding what type of legal structure works best for your company, to registering with relevant authorities and obtaining necessary permits, there are numerous steps involved along the way. It i...