National Enterprise Week should highlight needs of SMEs
Filed under: Consumer Issues, Economy, Enterprise, General News , also relevant to: Employment, Enterprise Trade & Employment Committee, Personal Comment, Small and Medium Enterprises
National Enterprise Week this year should highlight the desperate need for people and banks to support small enterprises and businesses.
Every small village and town in Ireland is made up of small businesses and small enterprises. There are very few big factories employing hundreds in these towns and that is why it is so important that these small business and enterprises are economically supported.
Overdrafts are being cut, loan term agreements are being reviewed and small businesses are trying to compete in a difficult environment while still managing to make a small profit and pay their debts. Small businesses are starved for credit and have been short changed by the Government and their failed refinancing deal with the banks.
There were wild promises made that credit would be made available after NAMA took over and after we gave the banks €12 billion of taxpayers money. Enough is enough. We have a mountain of empty promises from this government. There are businesses throughout Cork closing down and letting valuable staff go because they can’t get sufficient overdraft facilities and proper loan terms.
National Enterprise Week was established to highlight and promote the spirit of entrepreneurship among business people in Ireland but how can we do this if we consistently tell our business people that we don’t care about them and won’t ensure they are supported. Maybe this year we should focus on the banks and teach them the value of our small businesses to everyone and the true spirit of entrepreneurship.
What did you think about this article? I would love to hear your opinion, please leave a comment below. Thank you!
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Mon24May2010
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Absolutely correct, small business is the glue that holds what remains of our economy together. Can I suggest that the bank and even, stranger things have happened, government invest in small business at an actual strategic level. The tactics of making funding available to business is of course essential but can you imagine what would happen if instead of leaving each individual business learn by making the same inevitable mistakes, we were to provide comprehensive business coaching for everybody entering into and already in business. Would we dream of expecting a team, at any level of experience, to to take to the field without early and constant coaching? Why do we expect those who run their business for the benefit of themselves, their communities and the exchequer to know it all from the get-go without similar coaching?
June 14th, 2010 at 1:56 pm