Obtaining a Business Loan in Ireland

If you’re trying to start a business or are looking to grow your business, it’s necessary to have funding. Many companies need to look into procuring business loans to make things happen. If you want to obtain a business loan in Ireland, there are a few things that you should know. Take a look at the information below so that you can have the easiest time possible to get the business loan you need. 

Understand the Three Main Types of Financing

Before moving forward, you should understand the three main types of financing. There is debt, which refers to borrowing from an external source such as a bank. Equity involves having an investor put cash into the business in exchange for being given a stake in the business. Finally, cash can be inserted into the business by borrowing from family or procuring grants from government agencies. 

Consider Visa Business Cards

Visa business cards are a good alternative to traditional business loans. They are a great cash management tool that allows business owners to make necessary purchases for their businesses. Businesses can make purchases without having to utilize the cashflow for 37 days, and the purchases are interest-free. All businesses in Ireland can benefit from making use of these cards for short-term needs and small purchases. 

Term Loans Might Be Appropriate

Term loans are one of the most common types of business loans that companies elect to use. Most business loans in Ireland last from three to five years and businesses are expected to make monthly payments on the loan. These business loans make sense for large purchases and they give businesses a way to pay back the loan with very reasonable terms. 

Asset Finance Is an Option

Asset finance is an option when you need something specific for your business. You can have the bank buy the asset and they will then lease that asset to you via a certain type of agreement. Typically, these asset finance lease agreements last for three to five years, and businesses will need to make monthly payments on the lease. At the end of the lease period, businesses can choose to extend the lease or buy the asset outright. 

from Dearbhla Kinsella | Finance http://dearbhlakinsella.org/obtaining-a-business-loan-in-ireland/

A Guide to Having Productive Meetings

Meetings are an important part of the business world and sometimes you might wish that they were easier. Many people struggle to keep meetings focused and productive. If you’d like to improve your ability to hold meetings while making them as productive as possible, keep reading. The following guide will help you to have better meetings moving forward. 

Prepare an Introduction

It’s always best to go ahead and prepare an introduction ahead of time. This should occur at the beginning of your scheduled meeting, and you should do your homework so you know who is attending the meeting ahead of time. This will make it simple to tailor your introduction, while also leaving time for others to introduce themselves if necessary. Proper planning is one of the best ways to ensure that your meetings go smoothly. 

Determine What Your Goals Are

Determining what your goals are is also imperative because your meeting needs to have a focus. Your meeting should be focused on accomplishing certain goals, and you need to lay things out properly to do so. Think about what you want to do and then create a roadmap for the meeting. This should lead you closer to your goals as the meeting comes to a close. 

Address Important Topics Early in the Meeting

Addressing important topics early in the meeting is always for the best. There is always the potential that something will interrupt your meeting, so you need to use your time wisely. Taking care of important agenda items early on will ensure that these topics are addressed instead of being glossed over. Never save important topics for the end of your meeting. 

Take a Stand on Tangents

You need to take a stand on tangents one way or the other. Sometimes a person in the meeting will start discussing a side issue or a new topic will come up naturally. You should determine right away whether you’re going to shelve such topics for later or allow discussions to continue. This is about making good decisions so you don’t waste time that you should be spending on other matters. 

from Dearbhla Kinsella | Business http://dearbhlakinsella.com/a-guide-to-having-productive-meetings/

The Difference Between Finance and Economics

You probably understand that economics and finance are closely related to each other. Finance often informs and influences economics and vice versa. There are some cases where the distinctions between finance and economics become unclear. Keep reading to explore the difference between finance and economics. 


Finance could be considered something that comes from economics in some ways. It is defined as managing, creating, and studying money, assets, investments, liabilities, banks, credit, and other things that make up the financial system. Finance is usually focused on studying prices, cash flow, financial markets, and interest rates. 

It’s also worth noting that there are different categories of finance to consider. Private finance refers to the decisions and activities of one person or one household. Public finance is a category that focuses on taxes, government spending, and other governmental financial issues. Corporate finance examines things at the corporate level and has to do with business expenses and managing assets. 


Economics is known as a type of social science that studies how people produce, consume, and distribute goods and services. Despite being a social science, the study of economics is actually very mathematics-oriented. The study of economics is important when you’re trying to understand how the economy is working. People study economics intending to determine how economies work so that they can explain things and make good decisions. 

There are two types of economic subcategories to consider. Microeconomics is the study of economic tendencies that is focused on individual decisions. Macroeconomics focuses on the entire economic system. Both types of economics are important when you want to understand things properly. 

Both Economics and Finance Are Important 

Both economics and finance are important areas of study that cannot be ignored. It should be easy to see that these two terms are related to one another, but you can also see that they differ in significant ways. People who study economics will need to be very familiar with the concept of financing. You should now be able to have a better idea of what makes these two terms distinct while understanding why they both matter so much.

from Dearbhla Kinsella | Finance http://dearbhlakinsella.org/the-difference-between-finance-and-economics/

How to Build a Sustainable Business

It’s important to do your best to create a sustainable business model. If you only focus on creating something that makes money right now, there’s a chance that you aren’t setting yourself up for future success. Building a sustainable business really does require a different approach. Read on to explore how you can create a sustainable business. 

Learn to Play the Long Game

Planning ahead will help you set your business up for future success. Sometimes you need to play the long game instead of focusing so much on short-term profits. You should never trade your prospects of long-term success for short-term gains. Keep an eye toward the future and try to understand where the market is going so you can make wise decisions. 

Create More Revenue Streams

Your business is going to be safer if you can take the time to create more revenue streams. Companies that rely on only one or two revenue streams will face more danger moving forward. Diversifying is always a good idea, and you should try to do so in natural ways. Even just ensuring that you have a broad base of clients or customers can be helpful. 

Hire the Right People

Hiring the right people will be a huge part of your success as a business. If you want to enjoy sustainable business success, you need to make sure that you have good people in the right positions. Take the hiring process seriously and look for people that are a good fit for certain positions while also considering how well they mesh with the overall vision of your company. If you make sure to do this, you’ll have a much better foundation for future success. 

Share Your Vision with Your Team

Of course, you also need to share your vision with your team to make sure that everyone is on the same page. Be sure to have conversations about your vision and about any goals that you have set for your business. This will ensure that everyone is working toward the right goals while keeping the values of your business in mind—communication matters when you’re trying to build a sustainable business. 

from Dearbhla Kinsella | Business http://dearbhlakinsella.com/how-to-build-a-sustainable-business/

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