SMEs, Start-Up’s & Entrepreneurs
Workforce of the future
Private businesses gain a competitive edge from their employee relationships founded on shared values and mutual trust. But even the strongest bonds must be nurtured especially given the effects of technology on people’s roles and working patterns. The culture of the business is vital and being flexible core to the team morale.
Never let a crisis go to waste
Our final point runs through all of the above and that’s to never let a crisis go to waste. It also encapsulates this idea of thinking both short and long term. To survive and thrive in the face of multiple disruptions, private businesses & SMEs may need to consider radical changes to aspects ranging from who owns the business to who takes executive decisions to how it’s funded. Crisis management is part of any organisation from the external challenges that exist. SMEs are good to adapt and remain resilient.
Supporting SMEs
Small and medium enterprises (SMEs) are the backbone of Ireland’s economy; 99.8% of all enterprises are SMEs, employing more than 68% of people in the business economy. Many are family-owned and play a vital role in their local communities, through creating employment, paying taxes and rates, and social participation. However, because of their size, SMEs often lack the ability to remain resilient against external economic shocks. Our team at F & P are here to help, support, advise and navigate SMEs as we have done successfully for the past 25 years. We understand the ever changing environment of business.
As an entrepreneur, you need an advisor that can cut through the noise and add value who has experience.
F & P offers a specialist, founder-focused, service to help start-ups and scale-ups thrive. It’s run by people with relevant, real-world experience and draws on our comprehensive knowledge and expertise. It’s focused on you, your goals and on freeing you up to focus on what matters.
We have worked with start-up and scale-up companies at all stages of the business life cycle, from idea stage to unicorn funding rounds and successful exits.
From angel investors to government bodies and more, we’ll provide the knowledge, expertise and connections you need.
We are SME specialists and work in that sector and bring valuable expertise in all areas and aspects. We are published authors and have spoken at International conferences on the Irish SME Sector and continue to add value in this area and enjoy working with small businesses.
Business Book -”Smart Tips for SMEs” - Understanding The SME Environment In An Irish Context.
Business Book -Smart Tips for SMEs - Smart Tips for SMEs is a deep-dive in to the SME (Small-medium sized Enterprises) sector in Ireland, with case studies and contributions from thought leaders, entrepreneurs and business owners. The research and book provides insight into the SME sector - the most important part of the Irish economy.
Whether starting your journey as an SME, or seeking to re-establish your existing brand, this book is for you. Academics, historians, economists, sociologists, current affairs writers, policy makers, companies, students, SMEs and individuals will all find fascinating insights in this book. It is a really important piece of literature with evidence-based- solutions for the next generation of entrepreneurs. It is in libraries, colleges such as MTU & UCC and a research paper and book which has been well received by policy makers and political leaders. Written by Economist Jim Power & Accountant Cormac Fitzgerald it was sold nationally in all leading bookshops in Ireland.
To order a copy please call 353 21 4774500 or order online at info@fitzgeraldandpartners.com and we can mail you a copy of same or call into our offices in Kinsale town centre.
SME Specialists :
For over 25 years, our team of dedicated accountants and SME specialists has been at the forefront of supporting and advising SMEs and entrepreneurs across all sectors. We handle everything from audit, tax, and advisory services to payroll, compliance, and more. Just like GPs, we bring in top specialists as needed, ensuring expertise in areas such as digital transformation, sustainability, intelligence, research, tax, restructuring-insolvency, and consultancy.
Some facts and details on the SME Sector :
SMEs account for 99.8% of all businesses in Ireland and employ two thirds of workforce. CSO’s latest ‘business in Ireland’ survey indicates turnover by businesses of all sizes amounted to just under €1.3 trillion in 2022
SMEs, enterprises with 250 people or less, employed more than two thirds (68 per cent) of the State’s workforce. Small and medium-sized enterprises accounted for a whopping 99.8 per cent of all businesses in the Republic in 2022, according to the Central Statistics Office (CSO).
The agency’s latest “business in Ireland” survey indicated that SMEs, enterprises employing 250 people or less, employed more than two thirds (68 per cent) of the State’s workforce and were responsible for two-fifths (43 per cent) of total turnover. It calculated that turnover by businesses of all sizes amounted to just under €1.3 trillion in 2022 with a gross value added (GVA) figure – a measure of the value that producers add to the goods and services they buy in – of €424.2 billion.
The number of enterprises in the economy was 389,654 with 2.3 million people employed in 2022, the CSO said. Large enterprises (those with 250 plus people) accounted for just 0.2 per cent of all business enterprises but employed 32 per cent of workers, the report indicated. They generated 57 per cent of total turnover and 59 per cent of total GVA in 2022, the CSO said.
We have helped, supported and advised SMEs for over 25 years :
Our commitment to excellence is reflected in our co-authored book and research paper, "Smart Tips for SMEs," with renowned economist Jim Power. We also provide bespoke services to leading brands, CEOs, expats, and HNWIs relocating to the Kinsale and Cork area.
As an established brand based in the heart of town, our modern offices and exceptional team are dedicated to delivering unparalleled service. We take pride in supporting our local community and fostering growth and success for businesses and individuals alike.
ESG
All businesses know they need to act on Environmental, Social and Governance (ESG) issues. Now the time has come for real change – going beyond good intentions to create a practical plan that achieves tangible results. Businesses are now working hard to make their business more sustainable.
Technology
In the past, private and family businesses sometimes struggled with digital transformation. But now they’re making great strides, often energised by their ‘digital native’ NextGens. Technology plays a key role in the growth of a business utilising the best in class hardware and software available to the sector.
