SME Financial Management
In the challenging economic climate we live in today it can be difficult for business owners to keep focused on the routine mundane task of balancing the books at month end. We in O’KellySutton have seen how a lack of discipline can occur in the financial management area where securing the next order can be all consuming. In trying to maintain a sustainable and viable business it is essential to know where your finances stand every month. The following are basic requirements of any SME;
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Exporting to Britain
Article for Sunday Business Post, Sunday 8th July 2012
Many businesses are looking to enter new markets to increase sales. With a population of 65 million-compared to 4.5 million in Ireland – Britain has oblivious potential for exporters.
Last year, Irish exports rose by almost 5 per cent to a total €171 billion. The figures, released by the Irish Exporters Association represented a significant €8 billion jump, making Britain our second largest export market behind the US and just ahead of Belgium.
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The Business Planning Process
One could argue that the process of business planning is hugely more important than the end plan itself. The activity of business planning is an important management tool that allows an organisation to evaluate the health of its position in the market and industry, and adapt accordingly. We liken the business planning process as being akin to checking yourself into a Medical Clinic and getting series of tests done to evaluate your health. The results of the business check up will trigger a series of changes that should be made to the business. Failure to conduct regular checkups may result in a failure to detect early signs of business problems and may even ultimately lead to a companies demise.
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Enterprise Ireland establishes new Potential Exporters Division and launches new programmes of supports to get more Irish companies exporting.
On March 13th, the minister for Job, enterprise and Innovation, Richard Burton, T.D. announced that a new Potential Exporters Division in Enterprise Ireland has gone live and launches new programmes of supports for exporters in order to get more indigenous companies trading in foreign markets.
The new Potential Exporters division will:
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€30m Fund available for upgrade of Sports Facilities
Fine Gael Kildare South TD, Martin Heydon, has today (Wednesday) warmly welcomed the announcement by Minister of State for Tourism and Sport Michael Ring of a €30m fund for important sports capital projects.
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