Incentives to start and grow a business

Michael O’Connor of Cork BIC tells you why you need a business plan to win funds.

Most businesses that start need external funding. Few of us have the financial capability to fund a good idea and those with experience know that the investment or funding required may be 2-3 times original expectations.

So the ‘smart start-ups’ financially engineer the blend of funding to diversify the call on any one source. The most critical element is to develop a well-tested business plan that identifies how to harness the opportunity and what funding might be required.