Business in Ireland

Business in Ireland : Business in Ireland A Business English Module from English Language Tutorial 2008

Slide 2 : 2 If you are considering starting your own business, Enterprise Ireland can assist in directly supporting your business if it meets the criteria of a High Potential Start Up. Enteprise Ireland Business in Ireland © English Language Tutorial 2008

Slide 3 : 3 manufacturing an export orientated product, or, offering a service that is internationally traded; offering a product or service that is innovative or technologically advanced; aiming to realise sales of €1m and employment of 10 or more within 3 years; located and controlled in Ireland; What is a High Potential Start Up? Business in Ireland © English Language Tutorial 2008

Slide 4 : 4 What Can We Do For You? CEBs offer a range of supports to budding entrepreneurs including:. an initial "First Stop Shop" service where individuals can receive advice on the steps involved in setting up a business, the provision of grants for feasibility studies, provision of financial support for the establishment of new businesses or expansion of existing ones and the provision of a range of soft supports such as training and mentoring. Business in Ireland © English Language Tutorial 2008

Slide 5 : 5 The range of supports is designed to assist businesses to grow stronger and bigger by being able to provide targeted, and appropriate, assistance at each stage of their development. These supports are outlined in more detail in the following sections. Business in Ireland © English Language Tutorial 2008

Slide 6 : 6 CEBs offer a variety of financial supports to assist the start-up, development and expansion of small businesses in the manufacturing and services sectors employing ten or less people. Capital grants up to a maximum level of €75,000 are available for machinery and equipment purchases or for purchasing or altering business premises. Business in Ireland © English Language Tutorial 2008

Slide 7 : 7 Since 2000, a proportion (35% S&E and 25% BMW) of the total financial supports provided by each CEB each year must be in a refundable form. Accordingly, repayable grants may be provided in which case the grants are issued subject to the normal conditions, such as production of invoices for eligible expenditure. Promoters then have to make repayments in accordance with agreed schedules, usually following an initial moratorium period. Business in Ireland © English Language Tutorial 2008

Slide 8 : 8 The CEBs may also provide capital support to qualifying limited companies by means of a Redeemable Preference Share Scheme. As a holder of Preference Shares, the CEB has no voting rights in the business. As with refundable grants, a moratorium may be given after which time the shares are redeemable. This scheme is often ideal for companies who are raising equity investment for the first time and who are focused on future growth. Business in Ireland © English Language Tutorial 2008

Slide 9 : 9 Employment grants towards the cost of labour are available to incentivise job creation in new/expanding projects. A grant of up to €7,500 for each job, up to a maximum of 10 jobs, may be provided. Business in Ireland © English Language Tutorial 2008

Slide 10 : 10 Feasibility grants may be provided to assist with the cost of necessary pre-start-up studies carried out for the purposes of assessing market interest in and demand for a proposed new product or service, the appropriateness of the associated funding plans and the general viability and sustainability of the venture. The maximum feasibility grant available is €7,500 (BMW) and €5,100 (S&E) per individual study. Business in Ireland © English Language Tutorial 2008

Dell posts better-than-expected quarterly profit : 11 Dell posts better-than-expected quarterly profit Dell, the world's number two PC maker, posted a better-than expected quarterly profit today, crediting cost cuts and new products, sending its shares up 9 per cent. Dell was facing subdued expectations for the October quarter. The company warned in September, just weeks after reporting second-quarter results, that it was seeing "further softening" in global demand. Business in Ireland © English Language Tutorial 2008

Dell posts better-than-expected quarterly profit : 12 Net profit in the fiscal third quarter ended Oct. 31 fell 5 percent to $727 million, or 37 cents a share, from $766 million, or 34 cents a share, in the year-ago period. Per share earnings rose as Dell bought back shares. The company said in a statement that it believes global IT demand will continue to be "challenging". "The company will continue to incur costs as it realigns its business to improve competitiveness, reduce headcount in certain areas and invest in infrastructure, growth opportunities and acquisitions," it added. Dell posts better-than-expected quarterly profit Business in Ireland © English Language Tutorial 2008

Dell posts better-than-expected quarterly profit : 13 Many analysts see Dell as vulnerable to the global economic slowdown due to the company's sizable exposure to a weakening PC market. Dell has been shedding jobs, cutting costs and retooling its business to adjust for slower demand. It has nearly completed its plan to cut 8,900 jobs. Dell posts better-than-expected quarterly profit Business in Ireland © English Language Tutorial 2008

Dell posts better-than-expected quarterly profit : 14 Dell posts better-than-expected quarterly profit The company's share of global PC shipments slipped below 14 percent in the calendar third quarter, according to industry tracker IDC. Dell shares are down around 60 per cent this year, at levels not seen in a decade. Dell shares rose 5 per cent to $10.29 in after hours trade after closing today's session down 5.2 per cent at $9.81 on the Nasdaq. Reuters © 2008 irishtimes.com Business in Ireland © English Language Tutorial 2008

References : 15 References http://www.enterprise-ireland.com/ http://www.enterpriseboards.ie/ http://www.irishtimes.com/newspaper/breaking/2008/1120/breaking90.htm Business in Ireland © English Language Tutorial 2008