Tuesday 19 January 2010

Finance for Starting Your Own Business

For our next session on January 29th our speaker will be Ralph Smith from domybooks.ie and will talk to us about Finance for Starting A Business. He will cover the following areas.
 - Legal structures
 - Business Planning
 - Sources of finance
 - Taxation implications
 - Management Accounting

The full outline for Ralphs presentation is available and please let me know if you want a copy in advance of the session.


If anyone would like to email Ralph about tax or legal questions he can research answers for technical questions and have answers on the day. His email is: ralph@domybooks.ie

The Sounding Board Sessions.

The sounding board sessions are aimed at all members. If you have any idea for a business, whether it is just a simple thought of a concept that might work, whether you are presently researching it, or whether you are ready to go to the market, the sounding board will provide you with a platform to get valuable feedback, in a non-critical way, to your idea.

We will set aside one WIN session, exclusively for the sounding board session (SBS – we have even given it a codename!). Members can pitch their idea or concept to the group and the group can then discuss the idea openly and in confidence. The objective will be to provide the members will any help we can on, for example; the market he/she is considering entering, potential pitfalls, observations from our own previous experience, unseen regulatory issues, competitors, suppliers, political considerations, technological barriers, or unseen costs.

There are a number of benefits for all members:

• The SBS may help the presenting member to decide whether the idea could be successful.

• It can save the presenting member time and money if the negatives are too great.

• It can persuade the member to alter the plan, product or target market.

• May help to augment a business plan in the future.

• The SBS may stimulate ideas for partnerships or joint efforts.

• It may stimulate other members to be creative in their own plans.


“To profit from good advice requires more wisdom than to give it.”

Contact Paul Mc Loughlin (pcmcl4@gmail.com) or Caroline Mc Donagh (mcdonaghcaroline@gmail.com) or via the linkedin mail system, if you have an idea you would like to bounce off the group or if you have any questions/comments on the process.

Tuesday 5 January 2010

First session for 2010 - Friday, January 15th: 10am-12pm, Enterprise Ireland Boardroom. Topic: Licensing

Our first session will include presentations from P.J. O’Reilly, Regional Manager R&D and Technology Transfer, Licensing and Global Partnerships, Enterprise Ireland and Tony O'Kelly, Program Manager, for the Midlands & West Enterprise Program, Galway - Mayo Institute of Technology.

P.J. has kindly offered to join us and deliver a presentation on licensing which will cover some of the following areas of licensing:
• how to go about licensing a product or service with intellectual property or property know how

• what should be included in a licensing agreement e.g. terms / duration / conditions covered

• Issues such as:

o Licensee Vs Licensor

o Marketing

o Distribution

o Production and quality standards

o Who keeps the patent up to date


P.J. will keep the presentation pretty informal and is keen to have open discussions throughout the presentation so please think about any questions or ideas you may want to discuss with him.

Tony has also offered to talk to us about the Midlands & West Enterprise Program which takes place in the Galway Mayo Institute of Technology. GMIT is now recruiting for the next Midlands & West Enterprise Programme (MWEP) commencing in April 2010. It is a one-year programme providing entrepreneurs with business skills, networks, facilities and supports necessary to navigate the business start-up process. Tony is going to tell us more about this course and how it might be of benefit to WIN members who are thinking about working for themselves.