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Blog Category: Financing

Hi Guys, We hope you are all staying well mentally & physically in these trying times.. Business is tough at the best of times but in our 15 years running Startups.ie we have never witnessed a more challenging time for Startups and small businesses. Below is a list of government supports available (Source: dbei.gov.ie) if you have not reached out for support yet maybe now is the time..this is about survival! Covid19 is a cruel force with some businesses gaining unexpectedly while others are being devastated and forced to close. Many businesses have had to pivot online which may be beneficial in the long run but it takes time to

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Are  you a Startup in need of practical accountancy advice? If so the well known accountancy firm Cronin & Co. have just launched a new division specifically established to provide practical advice to Startup companies.. StartUp Accountant are a highly skilled team of individuals whom aim to provide a premium service at a feasible and affordable price to Start Ups who are in their crucial first 18 months of business. Empowered by Cronin & Company, Start up business’ get the benefits of all the services and knowledge a firm with over 40 years experience has to offer but in a platform that is specifically designed to cater for the challenges

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We are delighted and excited to announce the launch of our new Startup consultancy service called Quick Start.. Every week we are contacted by people from all over the country with new ideas who don’t know where to start or Entrepreneurs with businesses issues that they need help with.. QuickStart is designed to provide independent professional advice to help Startups get going or get around the current issues that they are facing – Email info@Startups.ie to inquire and find out more on www.Quickstart.ie About Quick Start & The STEP Program ​The Quick Start & STEP programs were created to help Irish Startups evaluate their business ideas quickly – we provide an independent

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It is still the first quarter of the year, so have you taken the time to take a good look at your business and to consider what you want to achieve in 2018. Here are 10 things you can do to start the year off on the right foot. 1.     Review last year’s results Review your last year’s results. Do you know what your revenue was for the last year? How much profit did you make? What about your website traffic? What was the most shared content and your top performing keywords? Do you have the best people in the right positions? Put together a list of all these questions

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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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  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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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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