Start Up Business Costs

kippy

Okay, Perhaps this is the wrong forum, if so please move it. Also, this may be a very vague topic however I believe it of great importance.
I am just watching a programme with the failed politician George Lee talking about those Global Economic Forum type things that have happened over the past few years. Massive talk about how important the Irish Diaspora are and will be to the "recovery" of this country. Fair enough me thinks but is the whole thing getting overstated? Perhaps the focus should be put elsewhere.
Hear me out.
I have never started a business in this country(anywhere for that matter) but have worked in many, so I don't have the full facts, however, based on what I have heard in various circles, it is exceptionally difficult to set up, run and maintain a business in this country.
I wonder, are the costs in setting up a business here, the amount of paperwork required, and indeed the direct and indirect costs of complying with the amount of legislation are prohibitive to business setting up and maintaining employment?
I realise that every startup is different, as are the costs.
The point of this post?
I just wonder, would it be better if the focus were taken off the multinationals/diaspora and instead focused on creating the conditions for people currently here, create and maintain employment instead of setting up barriers in their way?
Of course, setting up these conditions will also make things easy for the "diaspora" setup jobs here as well.

Scofflaw

kippy wrote: »

Okay, Perhaps this is the wrong forum, if so please move it. Also, this may be a very vague topic however I believe it of great importance.
I am just watching a programme with the failed politician George Lee talking about those Global Economic Forum type things that have happened over the past few years. Massive talk about how important the Irish Diaspora are and will be to the "recovery" of this country. Fair enough me thinks but is the whole thing getting overstated? Perhaps the focus should be put elsewhere.
Hear me out.
I have never started a business in this country(anywhere for that matter) but have worked in many, so I don't have the full facts, however, based on what I have heard in various circles, it is exceptionally difficult to set up, run and maintain a business in this country.
I wonder, are the costs in setting up a business here, the amount of paperwork required, and indeed the direct and indirect costs of complying with the amount of legislation are prohibitive to business setting up and maintaining employment?
I realise that every startup is different, as are the costs.
The point of this post?
I just wonder, would it be better if the focus were taken off the multinationals/diaspora and instead focused on creating the conditions for people currently here, create and maintain employment instead of setting up barriers in their way?
Of course, setting up these conditions will also make things easy for the "diaspora" setup jobs here as well.

In fact, we're amongst the easiest countries in the world to set up a business in - the legal paperwork is minimal, and can be almost entirely avoided by buying a pre-formed company. If you're engaging in services, that's virtually it - now you just need premises and people. Obviously, if you're going to do something with health and safety implications - in particular, anything to do with food - there will be a lot more hoops to jump through.

The latter set of restrictions could be loosened, as long as you're willing to put up with a certain loss of export markets and an increase in outbreaks of food poisoning - but the basic legal aspects of setting up a business are very close to minimal already.

Nor is compliance a heavy burden - again, we're amongst the easiest companies in the world in that respect. So, again, there;s not really any low-hanging fruit to pluck there either.

cordially,
Scofflaw

Dan_Solo

kippy wrote: »

I am just watching a programme with the failed politician George Lee

When you see the clusterf**k our "successful" politicians are in this country, I think I'll cut George Lee a little slack TBH.