Business Start-Up Services at Briody & Co. Chartered Accountants
Starting any business venture carries an element of risk. There are a number of things to consider when starting up in business, such as:
A business plan
Choosing the best legal structure
Registering with the tax authorities
Keeping books and records
At Thomas J. Briody & Co. we are able to help you with this and more. If you would like to have a discussion about your new business please telephone us on 042 9357033.
Looking for funding? Do you have a business idea that you want to make a reality? Or are you an established SME with plans to grow?
With so many new business projects there has been a massive increase in the demand for startup grants and startup funding.
If you have a feasible business idea but need some help in getting started, read below to find out more about the funding programmes available.
Government/Public Startup Grants & Support
There are over 170 different Government supports for Irish startups and small businesses. This guide aims to help Irish startups and small businesses navigate the range of Government supports to identify the ones most relevant to you.
Local Enterprise Office
Your local Enterprise Office in Ireland can give you advice, information and support on your startup or growing business. Support from your local Enterprise Office includes:
Start-your-own-business training courses.
Market research information.
Business planning advice and templates.
Access to experienced business mentors.
Feasibility grants and co-investment for your plans.
Enterprise Ireland has a range of supports and grants that are available to startups and small businesses in Ireland. Their funding programmes are open to anyone including entrepreneurs with a business idea that have the potential for a startup to large companies that want to expand their business activities, improve efficiency and grow sales.
High Potential Start-up (HPSU)
Enterprise Ireland’s HPSU support and investment is aimed at startup businesses that are headquartered and controlled in Ireland. Your business should have the potential to become an innovative product or service for the international market and have the potential to create 10 jobs and €1m in export sales within 3 to 4 years of starting up.
Your nearest Enterprise Ireland office has a specialist startup team that can advise you on your application and give you support for moving your business forward.
New Frontiers is concerned with progressing more early-stage ideas (0-6 Months) from a business concept to an investable business. It is by far the best way to get money if you are a startup in the early stages. Funded and managed by Enterprise Ireland, New Frontiers is a national programme. Currently, it’s based in 14 incubation centers across the country.
However, if you’re worried because you have already received Enterprise Ireland funding in the past two years don’t be. You can still participate in the programme but will not be eligible for the €15,000 startup grants.
For applicants to be successful, New Frontiers states that participants are selected based on:
Business experience or acumen
Capability – having the necessary management and technical skills. A suitable background that will enable the development of a business with sustainable competitive advantage
Commitment, drive & determination
Quality of the business idea
Overall, startup grants aim to boost the growth of startups in Ireland. Thus, enabling your business to reach full potential.
InterTrade Ireland are a cross-border body, covering the Republic of Ireland and Northern Ireland, who offers a guide to become ‘investor ready’. Additionally, they specialise in early-stage startups and provide a range of services and advice.