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A SURVEY OF 350 leading Irish entrepreneurs have said that the lack of finance is the biggest obstacle that entrepreneurs come up against when starting a new business.
The EY Entrepreneur Of The Year Entrepreneurship Barometer found that 59 per cent noted a lack of finance as the biggest barrier to starting a new business in Ireland with 41 per cent stating that access to finance should be the foremost imperative for government action.
Supports
Over 74 per cent said they believed that Ireland doesn’t provide sufficient support for struggling or failed entrepreneurs, while 41 per cent said that the access to talent also presented a key challenge to those looking to set up business in Ireland.
Attracting experienced hire was an issue for 38 per cent who cited it as a specific, while an additional 24.4 per cent noted difficulties in sourcing both experienced hire and skilled graduates.
The survey found that while multinationals were seen as direct competitors in the race to hire the best talent, a skills shortage, with a particular emphasis on the need to increase the pipeline of graduates with engineering, sales and programming skills, is an issue.
There has also been a call for the government to create an infrastructure for shared resources, guidance and supports to get struggling entrepreneurial businesses back on track.
Partner-in-Charge of EY Entrepreneur Of The Year Frank O’Keeffe said it is vital for government, industry and academia to understand the specific challenges facing entrepreneurs and there should be collaboration to solve problems.
Barriers
He added that government should address legislative and cultural barriers to success, stating together we can “shape the future of entrepreneurship in Ireland”.
O’Keeffe added:
The entrepreneurs who fed insights into our Entrepreneurship Barometer represent 28 of the island of Ireland’s 32 counties.Together, they employ 152,250 individuals; generating revenues of €16.6 billion and creating 13,650 new jobs in just 2013 alone.
This is a community who should be supported and celebrated as having the power to bring our country back to economic stability.
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How right joan burton is. Guaranteed to save millions if she goes ahead with this idea. Too many people choosing to scrounge off others. On the other hand, it is awful the amount of people that are genuinely out of work. They deserve every cent they get.
Well done to you and all the people who agree with you you’re idiots. When there was full employment in this country we were running at 3% unemployment, of those only a small proportion of people were long term unemployed. To tar the 14.7% who are currently in such difficulty is to display a level of ignorance all too common on this isle of ours. Instead of being castigated by morons as scroungers, people unfortunate enough to be unemployed should be supported and encouraged, that is essentially what any research into the matter has shown, the stereotype of someone chosing unemployment as a lifestyle choice is not supported by any evidence whatsoever and is simply a sign of ignorance on the part of anyone who blows this nonsense out of their mouths, as careless and thoughtlessly as shite comes out of a cow’s arse.
William, regardless of who is right or wrong, you might want to watch your language… you’re not going to win an argument this way
William- Firstly I dont like the way you refer to me and those who like this comment as idiots,everyone is entitled to an educated opinion & yours is appreciated once you have a valid point to make.With reference to the 14.7% who are in difficulty at the moment, it is the thoughts of myself & im sure many individuals that they well deserve to receive their social welfare as they cant find a job in this economic crisis, but to say that they have been offered a job and turned it down is another story their payments definitely should be cut. With reference to scroungers- Do you feel confident knowing those who work hard and pay their high taxes from their pay packet are paying others weekly s.w. payments so they may maintain a standard of living beyond that of which a traditional worker may have once all the bills are paid!? Our taxes are no longer being used to improve our health services, roads, create new employment etc, it is being returned to many individuals who have refused work from the day they were born. I am not criticising people who have unfortunately lost their jobs due to this economic crisis- plenty of them dont want to be on social welfare & would gladly take a job if they got one.
Or ‘receive no money’ even. Why should we foot the bill for anyone that’s too lazy to work for living?
have your say