By Beatrice Whelan, Social Media & Content Specialist at Sage
How many businesses fail within the first year of starting up? Depending on where you look for statistics, the number can be as high as 50% which rises dramatically in years 2 and 3, with up to 80% failing within the first five years of starting a business. Failure is such a harsh word. It makes it sound as if the years spent in the business were a waste, whereas in fact many business owners say that failing at one business taught them valuable lessons they needed to make their next business a success. What if you could learn from other people and get the benefit of their experience so that you could make your business a success the first time round – well this is what we hope to achieve from our next Lunch ‘n Learn which is especially for startups.
How To Survive The First Two Years In Business the topic for the third in a series of live chats we are hosting on our Facebook page. These live chats are called ‘Lunch ‘n Learn’ as they are held from 12.30 to 2.30pm so you can pop over to our Facebook wall during your lunch break. You are invited to view our Facebook wall during the chat and post your questions to the wall. Our ‘experts’ will then answer your question as a comment on your post. Our next Facebook Lunch ‘n Learn is on 12th April.
We have invited Terence Bowden, Venture Manager at DCU Ryan Academy and Stephen Dillon Managing Director of The Corkage Group & Founder of Startups.ie, to answer any questions you have around this topic. Also if you are a business that has come out the other side and has been in operation for over two years perhaps you want to join the chat and offer your own advice to other startups.
Date: 12th April 2012
Time: 12.30 – 2.30pm
If you want to register to attend or submit your question in advance visit the Lunch ‘n Learn tab on our Facebook page , or you can post it in a comment below this blog post or you can email your question to [email protected].
More information about Stephen Dillon and Terrence Bowden .
Stephen Dillon is Managing Director of The Corkage Group & Founder of Startups.ie. Stephen holds a BBS in Business Studies from Dublin City University and a WSET Diploma in Wines & Spirits. He previously worked with Bord Bia in Paris, Dunnes Stores & Aldi Stores Ireland. In 2007 Stephen left his well-paid job to open an Internet Café in Blanchardstown, initially the business did well but advances in technology and increased competition ultimately forced the business to close. After this Stephen opened an Off Licence in Dublin, again the business traded well but the partnership structure of the business led to its collapse. Stephen founded Startups.ie in 2008 based largely on his experience of a lack of relevant and ‘real Life’ information available to Startup companies in Ireland. Starups.ie has grown to be an independent voice promoting entrepreneurship in Ireland.
Terence Bowden holds a Higher Degree in Product, Graphic and Interactive design where he was awarded a 1:1 from the University of Ulster. More recently he has completed a Master Degree in Business Management where the major project he was involved in was awarded “Best Business Plan 2010” by Dublin City University. Terence has valuable experience in product/industrial design; during his 2 years with Hood Associates he designed several products for both large global corporations and local companies. With James Leckey Design in Belfast he designed equipment for kids with special needs and was involved with the moving of manufacturing from Belfast to China. More recently with LED Group, Terence spent two years as New Product Development Manager and Lighting Design Consultant, the company also recorded its highest ever profits from new products during this time. He has also designed lighting layouts for national and international retail outlets. Presently he is the Venture Manager for the DCU Ryan Academy Propeller Venture accelerator.