Financing options for businesses in Ireland

Abstract

Starting a business is a complex process which requires multifaceted organisation and planning. Entrepreneurs begin with an idea which must immediately be tempered with the need to justify the creative concept, choose the business location, assess the competition and, most importantly, identify methods to finance it. This last task is the most crucial as, without capital, there will be no business. The majority of entrepreneurs face one fundamental problem; they rarely have the amount of capital required to see their ideas to fruition. Creating a business and executing a business plan requires finance. Given the global credit-crunch, it is pertinent that funding options available to entrepreneurs are investigated. An entrepreneur has numerous sources of finance to choose from. These range from funding provided by family or friends to various sources of debt and equity finance. This research aims to explore the financing of businesses in Ireland, to provide a more ...