Running a successful small business in Ireland means understanding the issues of employment and job creation in the country. At last count, the unemployment rate in Ireland was sitting at 15 percent.
The issue of unemployment in Ireland has been one that is a long time coming and no matter the factors affecting it, something has to be done about the economy and the development of jobs. Experts say that Ireland needs to create, at minimum, 200,000 new jobs on top of those keeping the currently employed at work. Any worthwhile plan for the economy requires a realistic assessment of the material and all the factors affecting its outcome.
A serious strategy for growth in the economy requires new money coming into the country and this means exports. Unfortunately, Ireland is trailing behind other countries in terms of how much revenue its SMEs are taking in terms of exports. For Estonia, 23 % of the SMEs got their profits from exports, for Slovenia, it was 21 %, Finland, 19 % and Denmark, 17 %. Ireland only saw 11 percent of its SMEs making any profit from exports.
This plays into the larger issue of globalisation and taking Ireland to the next level on a global playing field. Beyond the issue of exports and globalisation, Ireland also needs people with vision, daring and the skill to encourage growth in the economy. If 200,000 new jobs are needed on top of the existing jobs employing people, then this not only implies growth for existing companies, but also growth of entirely new companies or companies outside of Ireland investing into the country. These kinds of entrepreneurs are vital for the growth of the economy. For there to be serious growth for the Irish economy, Ireland will need to look both inside and outside its borders.