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Small Business Start Ups: Limerick City

Small Business Start Ups: Limerick City . 2010 PAUL Partnership Enterprise Clients – Where are they now? . Background . PAUL Partnership Strategic Plan 2011–2013 Objective 3.3 – To increase enterprise development by individuals in Limerick City by 2013 Enterprise Support Services:

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Small Business Start Ups: Limerick City

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  1. Small Business Start Ups: Limerick City 2010 PAUL Partnership Enterprise Clients – Where are they now?

  2. Background • PAUL Partnership Strategic Plan 2011–2013 • Objective 3.3 – To increase enterprise development by individuals in Limerick City by 2013 • Enterprise Support Services: • Business Advice • Business Planning • BTWEA • Enterprise Training- in partnership with Limerick City Enterprise Board & Department of Social Protection • Mentoring Support • Networking • Significance of Partnership • BTWEA

  3. Number of New Business 2008 - 2012

  4. Aim of Survey • How are the small businesses that were set up in 2010 doing in the current market place? • How useful/relevant was the Enterprise Support Service provided by PAUL Partnership? • What can we learn from the experiences of these small businesses – Current market place; role of PAUL Partnership?

  5. Methodology • Telephone Survey: • 160, 2010 enterprise clients contacted • 66 completed questionnaires • Response Rate = 41% • Non respondents: • Non contactable; each enterprise called three times before being deemed ‘non-respondent’ • Declined to participate

  6. Gender Profile of Respondents (n=66)

  7. Still Trading

  8. Business Sectors *Construction, Painting & Decorating, Plumbing, Carpentry etc... **Photography, Printing, Waste Collection, Music, Education, Childcare, Project Management

  9. Turnover 2010 Clients (n=66)

  10. How is your business Performing today ? (n=42)

  11. Perception of Business Sector; Clients still trading (n=42)

  12. Back to work Enterprise Allowance (BTWEA) • Of the 42 clients still trading – 38% are still in receipt of BTWEA (All due to end by December 2012) • The remaining 62% finished BTWEA at various stages within the past year but have managed to remain ‘open for business’

  13. Do you think the BTWEA HAS HAD ANY Impact On the success of your business? (n=42)

  14. Jobs Created Jobs created by 2010 Enterprise Clients • 42 Enterprises still trading = 42 Jobs • 13 people employed by these businesses • Total of 55 people currently employed as a direct result of 2010 enterprise clients

  15. Do you plan to expand your business within the next two years? (n=42)

  16. Critical factors to a successful Business (n=42) Those Still trading

  17. Critical factors to a successful Business (n=24) Those No longer trading

  18. Top 5 reasons given for no longer trading (n=24) • No Business/clients/work • Cash-flow problems/Accessing Credit • Current Economic Climate • Highly competitive market-unable to sustain income • End of BTWEA

  19. Current status of clients no longer trading (N=24)

  20. Would you consider self-employment again? (n=24)

  21. Other training or assistance that would aid set up and/or sustainability (n=66) Training • Market Research • Book-keeping • Legislation / Regulation • How to Access Finance/Grants Assistance • Government Assistance for SMEs • Reduction in rates from local authority for a period of time • More support when BTWEA ends

  22. Paul Partnership – Training Programmes

  23. Paul Partnership: Enterprise Support Service Enterprise training delivered in partnership with Limerick City Enterprise Board & Dept. Of Social Protection

  24. Overview of Findings • Overall findings are positive • Almost two thirds of Start Ups still in business • In total 55 new jobs created from 2010 enterprise Clients • 11% of clients report a turnover in excess of 41K • Many view the Business market today as stagnant, not declining • 54% of clients no longer trading are engaged in employment or education • The enterprise services and training provided by PAUL Partnership are having a positive impact

  25. Going forward • While results are positive, improvements can be made • ‘Follow Up’ process when BTWEA ends • Assistance from Government • Access to grants/low interest loans • Tax breaks • Reduction in rates • Highlight the importance of • Market Research • Consultation Process • Enterprise Training

  26. Concluding Points • Positive Outcomes • More is needed from both Local Authorities & National Government • BTWEA is making a difference • PAUL Partnership’s continuing effort • Q&A

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