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Blog Category: Financing

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The Irish start-up scene is a rapidly growing space. Driven by entrepreneurs and supported by government organisations like Enterprise Ireland & local start-up groups around the country, the start-up community in Ireland is expanding year on year. While start-ups can have the skill, drive and the experience in their particular area to make it work, there is one area that many self-employed business owners, new and old, can find quite daunting – the complicated world of Irish tax returns. While PAYE workers usually have their tax deducted at source from their employer, if you are what is referred to as a ‘chargeable person’, you are responsible for ‘self assessing’ your

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    Benefits of good cash flow management The overall aim of highlighting the issues mentioned above is to firstly make you more aware of your cash position which will ultimately help you to improve it. The ability to monitor your cash flow situation is hugely important when it comes to trying to get your business to thrive under pressure. By simply being able to follow good cash flow procedures your business will reap the rewards almost instantly when it comes to building and growing your company. Pay your debts Having a good cash flow situation will make the payment of debts easier. The ability to pay your bills on

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CashFlow__Part_Two_Accounting_Software

  This is the second in our series of blogs on Cash Flow – by Michael O’Brien of Big Red Cloud.   Leading on from Part one where you should have a clear understanding of the importance of cash flow, now we go to the next step and look at cash flow measurement. What we can measure, we can fix! Cash flow measurement Having the ability and know how to foresee your cash flow situation over the course of the coming months is something you should try and master. The better prepared you are, the less issues you will come across along the way. Get the basics right: Cash flow

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CashFlow_Part_One_Accounting_Software

In the First of a 3 part series Michael from Big Red Cloud explains the importance of cash Flow for Startups…. The importance of cash flow is misunderstood by many business owners and managers with the result that many a profitable business actually goes out of business. It’s a hard concept to grasp: if I run a profitable business, how on earth could I go out of business. Read our three part series on cash flow and you’ll get a full understanding of cash flow and realise how profit is no guarantee of survival. It’s no coincidence that they say “revenue is vanity, profit is sanity, but cash is king”.

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1. Credit Cards. According to a 2012 National Federation of Independent Business (NFIB) study 79% of small business owners used credit cards to start or grow their business. That says a lot about the significance of using credit cards to capitalize a small business. According to another study conducted by Keybridge Research, the use of business credit cards to start or grow a small business has tremendous positive effects on the business and the economy as a whole. The study found that the expansion of credit card lending between 2003 and 2008 contributed to the creation of 1.6 million jobs and for every $1,000 of business credit card use, a

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1. Tell your story quick. When pitching investors you have a captive audience. But they won’t stay captive for long unless you can hook them. And to-date I’ve seen two things that keep investors’ early attention on you versus their Blackberrys: An entertaining story on the problem you’re solving. An entertaining story on the founders and how the company came together. Both of these points are about putting some context and relevancy on the upcoming pitch and discussion. If you make the problem feel real and explain it in an entertaining way it’s going to resonate much more strongly with investors. The same holds true with the history of the

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1. Our strategy is sustainably differentiated. Demonstrate what’s special about your company and how you’ll keep that strong position. Is your offering fresh and different with a unique solution for the customer? Are your costs structurally lower or your service super fast because you invented incredible algorithms? Show that you have something different from the pack, and that is what your target market wants. Some businesses grow and thrive with execution being their main differentiator: think high-volume selling or complex logistics businesses. If execution is your pitch for why you’re different, be sure your track record backs that up. 2. We are the right team for this endeavor. For early

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