Archive for the ‘Entrepreneurship’ Category

I’m an Entrepreneur, get me outta here E-Book

I think I'm an Entrepreneur. Get me 'outta here!!!This PDF booklet is about a journey…. An Entrepreneurs Journey to show you how you too can reach substantial goals in devising, creating and building a business. As Founder and CEO of a two start-up companies that raised more than $23 million in debt and equity; much more for many other enterprises, I can personally say to you that what is contained here is pure common business sense.

Cutting through all the investment and business jargon, using simple and easy to understand language, we try to make is as easy as possible to understand what it takes to be an Entrepreneur and to grow a small business into a multi-national global enterprise:

This manual is not the be-all and end-all of being a successful Entrepreneur. But the methods have worked tremendously well for me over the last 20 years. And better still they have worked where many thousands of others have failed…

My own system is not infallible either. But if you read this booklet to get more information on the subject of what it means to realize the dream of being a successful Entrepreneur and cannot spend all the time needed, to collect all the information – then this is the answer. After you read this and decide that starting a business is right for you, go and get the 10 Lesson Course “How to write a successful Business Plan” on page 3 of the booklet. There is no charge. Call it payback or pay it forward for getting to here….

Your personal rights versus your community responsibilities

I read two things in the Sunday Business Post this week. The first was a “work to welfare” program that would allow unemployed to claim benefit and work, pay tax, if they also did community service. The Minister Eamonn O’Cuiv is at the very least being innovative and open to a more enlightened view of society that is not always black and white when it comes to operating with the Black economy.

The second article I read was in the David Mc’Williams opinion “A matter of life or debt” where he relates the struggle of a businessman on reduced turnover battling it out with the local council who insist on a higher rent for land that is rented to the business. The businessman is unable to pay the increase and the council refuses to reduce their demand.

Is there perhaps compromise and a win-win opportunity to be had in all parts of society if there is a more open and innovative approach to resolving problems rather than trying to plug the cashflow issue of businesses or social welfare fraud reduction? Continue reading

Ireland could introduce a Private Sector Currency

There has to be a realisation here that we are not the type of race that gets up in arms and ousts the Government and we are not going to change that any time soon. NAMA legislation has been passed, the EU will most likely find good reason to agree to the terms this week and indeed the transfer of loans will commence.

So the insiders will stiff the outsiders…. Shift happens. I am not in any way condoning the mess that was made, but the fact is that the mess is made and it needs to be fixed.

Now what are the ideas to go about doing this? Well the Greek 10% off everything is a big idea. It is not far off the old Dunnes Stores concept of “pile ’em high and sell ’em cheap”. We are all getting used to the campaign to reduce our carbon footprint. Everyone has to do a little more to use a little less of fossil fuel.

A private sector currency can not only reduce the cost of Irish goods and service by 10% but can encourage consumers to spend more on Irish goods and services, reward tourists for coming to Ireland in the form of vouchers and possibly start to reduce unemployment. Continue reading

Airport premiums should be a privilege, not an inconvenience

Coming across a question posed by Noel Toolan @sspcmo at SSP

..do people expect to pay premium for all services in airports? Why?

I thought that perhaps it better to ask why should people be expected to have to pay an inconvenient premium for a convenience store at an airport?

Every airport store is a micro competitive economy.

They attract, or lose, freely travelling migrants to contribute to their economic wealth and in return customers expect to be rewarded or at the very least feel they belong to the store. The premium paid at these stores should convey a privilege. Continue reading

Foreign Risk Capital in Ireland

Foreign Risk CapitalThat wonderful image of a tourist asking for directions from an Irish rural resident. “Well to get to Listowel, luv, I wouldn’t shtart from here…”

We used tax incentives and low cost educated english speaking employees to attract FDI. Now we need a much more refined solution for a much more complex opportunity. If we expect our “Smart Economy” to get Ireland out of the mess it is in, practical alternatives are needed.

Chris Horn in his Sunday Business Post article and his blog refer to Foreign Risk Capital being needed and should be encouraged is absolutely right. This is our way out if we have the vision to implement the necessary steps to encourage more of it to come to Ireland. FRC providers would fall over themselves to get here if the environment and opportunities exist. What is needed is to create reasons for FRC to come here.

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Academic Entrepreneurship Is A Joke

What gets me about the academic contribution to entrepreneurship is that the educational system just does not get it. “MBA” (My Big Achievement) programs are taught using predictive reasoning while most entrepreneurial successes are based on the inverse of this. For instance predictive reasoning assumes there is some pre-determined goal and a given set of means to get there, seeking to identify the most optimal route to get there.

Now ordinarily this is perfect for a developed corporation, or a start-up (after the fact), but not for an entrepreneurial start-up. There is a time for a manager, but it is rarely at the early stages of the venture. In many cases there is no elaborate plan. There may have been a pre-determined goal in the business plan, but without the means to get there the Entrepreneur must achieve the most optimal outcome by accumulated means available which usually includes what is known and who is known.
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