One of the qualifications is that you provide a significant portion of funding yourself or raise it from commercial sources. Also, receipt of funding at this stage doesn’t preclude you from getting additional funding when you are out of the start-up stage, including assistance with the cost of expansion.

“Enterprise Ireland’s initial equity investment in start ups is mainly in the range €100k – €500k. Our investment can be in the form of ordinary shares and/or convertible preference shares. We do not take more than 10% of the ordinary equity.” They also state that they do not normally take a seat on the Board.

Before contacting Enterprise Ireland to start the application process they ask that you review Do I qualify for help from Enterprise Ireland?

Click here to download the brochure for this programme.

We can assist you in setting up a limited company in Ireland and provide a full range of business and accountancy services, with a focus on assisting international companies looking to set up in Ireland.

Contact us for further information on setting up a business in Ireland.

Each member firm is an expert in their respective countries and the newsletter is a valuable guide on the issues discussed.

Enterprise Worldwide are a global alliance of independent accountancy firms of which we are members, in order to provide the most comprehensive service to our clients operating international businesses.

If you would like to view the full article please visit http://omahonydonnelly.ie/omd-ew-european-business-newsletter-5.pdf

Currrent Business News:

Is NAMA flooding the London Property Market?
Guardian UK, 28 April 2011
The Irish once battled with Arab buyers for London’s landmark properties, now these trophy sites are being dumped on the market by the National Asset Management Agency. But is the timing right?

US Federal Trade Commission Surveys Internet Companies on Google’s Dominance
Financial Times UK, 30th April 2011
The signal that the regulators may be weighing a fuller antitrust investigation of the search group came late this week, these people said.

Govt revises growth prospects down, and deficit prediction up
BreakingNews.ie, 30th April 2011
The estimates contained in the report forecast growth at just .75% in 2011, a full percentage point lower than the growth expected at the time of the Budget in December.

Developer Grehan allowed to regain control of assets from Nama
BreakingNews.ie, 30th April 2011
The State assets agency has given him until the close of business on Tuesday to repay some €650m debts owed by the Glenkerrin Group.

Valuations for Online Gaming Companies Going Up Fast
Business Insider, 28th April 2011
Traditionally most game companies either earned money through advertising, through a one-time payment (”download this game for USD 19,99″) or by charging a monthly subscription fee. But social games changed that completely, suddenly free-to-play games became massively profitable because players were willing to make small payments for virtual goods. Leading social game developer Zynga makes tons of money on virtual items and is currently valued between USD 7 and 10 billion.

It’s Growth, but not as we know it
Reuters, 23rd April 2011
Before the recession, the consumer and financial sectors benefited from huge credit expansion. Not so any more.

Business Tips:

“Built to Sell” – Even Better If You Don’t Want to Sell
SmallBizTrends.com, 30th April 2011
“The point is that the best businesses are sellable, and smart businesspeople believe that you should build a company to be sold even if you have no intention of cashing out or stepping back anytime soon.”

You Can’t “Feature” Your Way to Success
Market-By-Numbers.com, 28th April 2011
Despite Dave McClure’s imploring to “kill a feature” and Eric Ries‘ urging to “cut your product in half, then halve it again,” most startup founders I encounter are trying to work their way toward Product-Market fit by planning and building new features. The analytical mind of an entrepreneur, both engineer and business-side, naturally tends toward solving problems and ostensibly, features solve problems. But it’s the wrong approach for most startups.

Does it make business sense to NOT offer a free version of your software/app?
Marco Arment (Creator of Instapaper), 28 April 2011
Why Instapaper Free is taking an extended holiday

Lessons from 175 Years of Innovation: Proctor & Gamble
Forbes, 27th April 2011
They grew the company with their own innovations and through (un-named at the time) open innovation with other technology makers and companies.  These partnerships were the foundation of P&G’s growth into 300 brands in over 180 countries, 24 billion dollar brands and most importantly, one of the most trusted names in the world.

How Good Designers Think: Learning to be innovative in your business
Harvard Business Review, 26th April 2011
I find it helpful to look at my experience of how good designers think (and do) at each stage of the innovation process: insights, inspiration, and action.

Brainstorming for New Startup Ideas: A Framework to Spur Creative Thinking
forEntrepreneurs.com, 25th April 2011
The idea for this framework came to me when I realized that all of my early startups had been triggered by the following ingredients: an unmet customer need (or pain), and some disruptive new technology that had allowed that pain to be solved in a new way.

Hard Economic Lessons for News
Jeff Jarvis @jeffjarvis, 25th April
I continue to be astonished at the economic naiveté I hear in discussions of the business of news.

Professional Services vs. Scalable Business
Inc. Magazine, 19th April 2011
Building a scalable business as a professional service provider may require that you change the role you play in your business.

Managing Change in Your Business “The Times, They Are A-Changing”
AllAboutBusiness.ie
I’ve been in the pretty unique position of having to perform change management at a relatively early stage in my career, and having to have done so for a couple of companies as well – and while I’m grateful for the experience, I’ve also been exposed to how utterly difficult it can be to have a team embrace change…

Success of DropBox shows why you should invest in the team not specific ideas
@cdixon, 21 March 2011

Business News Compilations:

The week’s top 10 videos on MarketWatch.com 30th April 2011
From iPhones, to Chinese economy, to royal toilets

This Week’s Top Funding & Investment Stories Mashable, 30th April 2011

Business People & Resources to Follow/Connect with:

• @wadhwa Vivek Wadwah “Academic, Researcher, Writer and Entrepreneur” http://wadhwa.com/
• @IncMagazine http://www.inc.com/ Facebook Page YouTube Channel Tumblr
• @planetmoney NPR’s Planet Money Facebook Page
• @cdixon Chris Dixon “Personal investor in early stage technology companies” http://cdixon.org/ Posterous
• @All_about_biz Bank of Ireland’s All About Business Channel LinkedIn Group Facebook Page

What online business resources do you use to keep up to date?  Please share with a comment below.

Michael O’Mahony of O’Mahony Donnelly, the EW member in Cork, Ireland, demonstrated how he creates opportunities by combining external Five Star Client Service with his marketing acumen.  Michael’s skill explicitly benefitted two other EW firms, Max Schroepfer of GDS and Hugo Everaerd of De Keijzer Nipius & Co.  Michael has a multi-national client that shared with Michael that they were delighted with the work O’Mahony Donnelly had consistently performed.  Now that the member had recently completed a name change, they were ready to review their internal accounting processes.  Specifically, the client asked about resources in Germany and The Netherlands for their operations in those countries.  Michael connected the client with Max and Hugo.

Enterprise Worldwide had the right resources in the right places for this very important client.  Ironically, the connections were completed shortly after the International Services Forum where members were energized and educated.  The firms involved in this transaction immediately put into practice the teamwork and shared resources that are a hallmark of Enterprise Worldwide.  Congratulations Michael, Hugo and Max for demonstrating how our culture rallies around clients and creates revenue opportunities for our members!
Source: Enterprise Worldwide – October 2010

I have just made travel arrangements today for the upcoming Enterprise Worldwide ‘International Services Forum’being held in London, UK on 30th September to 01 October. This is an annual meeting for all members who provide International accounting & taxation services to their clients. The theme of this years meeting is ‘Building Bridges’ and there are some high edge topics on the agenda, including a talk by our own Social Media expert, Ann Donnelly on ‘Putting Social Media to Work in Your Accounting Firm’. Further topics will include Transfer Pricing & IFRS for SMEs

The meeting is a great opportunity to discuss our range of services with member firms including company formation, branch registration, corporation tax planning and any other services that are relevant to foreign business entities looking to establish their business in Ireland.

As the sole Irish member we will be effectively representing Accountants Ireland to the fellow members, many of whom are US based CPA accounting firms but also with a substantial number of European accountants/firms who all have clients operating internationally.

We currently have many clients who see us as experts on advising foreign entities on company set-up and ongoing accounting and taxation issues in Ireland.

For advice see O’Mahony Donnelly Contact Details.

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