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Enterprise month to support new and growing businesses

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Kerry Month of Enterprise (KMOE), which is taking place across the entire month of March, is celebrating 10 years.

KMOE gives established businesses and budding entrepreneurs an opportunity to network and discover the assistance available to them in growing and sustaining a business in Kerry.

The calendar of events for 2023, which can be viewed at www.kmoe.ie, includes over 60 events across the month. The county-wide events cater for businesses at various stages of development across many sectors from start-ups to established and growing businesses.

Highlights include a series of virtual events presented by Kerry Local Enterprise Office as part of a National Enterprise Spotlight series, focusing on exporting, online digital training, and driving costs savings with lean, among other topics.

Údarás na Gaeltachta will host sessions on critical thinking and messaging for businesses looking to establish operations in Gaeltacht areas, while local development companies SKDP, IRD Duhallow and NEWKD will host a number of events focused on self-employment supports, social media advertising, and advanced Excel training. Munster Technological University will once again play host to the Kerry Start-up Challenge, New Frontiers Showcase, and a host of other events aimed at developing entrepreneurial mindset and enterprise creation.

Kerry Month of Enterprise is a collaborative initiative between Munster Technological University, Kerry County Council, Kerry Local Enterprise Office, Enterprise Ireland, IDA Ireland, Udarás na Gaeltachta, Kerry Innovation Centre, North, East & West Kerry Development (NEWKD), South Kerry Partnership Development (SKDP), and IRD Duhallow.

“Kerry is a county with entrepreneurship in its DNA and never has it been more important to support our business community," Cathaoirleach of Kerry County Council, Cllr John Francis Flynn, said.

"In its ninth year Kerry Month of Enterprise has grown year after year. Kerry Month of Enterprise celebrates excellence in enterprise and shines a light on the activities that are ongoing throughout the year and the value that the partners involved bring to our county.”

Tim Daly, Head of Strategy at MTU added that "KMOE is celebrating 10 years this year but all of the enterprise partners in this initiative have worked together for many years beyond that to ensure Kerry businesses and entrepreneurs receive the best start possible. We look forward to welcoming all stages of businesses at the series of virtual and in-person events, brought to you by KMOE in March, and indeed throughout the year.”

A full schedule of events is available at www.kmoe.ie.

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Killarney to feature on TG4’s Country Music show

By Sean Moriarty A song about Killarney – once made famous by local Country Music hero Dermot Moriarty – will feature on TG4 tomorrow night (Tuesday). The second series of […]

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By Sean Moriarty

A song about Killarney – once made famous by local Country Music hero Dermot Moriarty – will feature on TG4 tomorrow night (Tuesday).

The second series of the Irish channel’s County Music show ‘Viva Ceol Tire’, which highlights emerging Country Music talent in Ireland, airs every Tuesday night at 9.30pm.

The next programme will feature Donegal singer David James’ version of ‘Oh Killarney’.

The programme was filmed entirely on location in Killarney including Torc Waterfall, Ladies View Moll’s Gap and Kate Kearney’s Cottage.

“The song was written by Dennis Allen. However, it was a hit for Dermot Moriarty in the 1980s. The first time I heard it I loved it and I was thrilled with the reaction my version has got,” James, who is from the small village of Killean in Donegal, told the Killarney Advertiser.

“It’s pretty rural but I love it. I’ll be in Country Music 10 years this May. My first gig was in the local GAA hall for my aunt’s 50th birthday. I was 14 and I’ve been at it ever since.”

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Five questions to ask yourself before buying a stock

By Michael O’Connor, theislandinvestor.com When it comes to investing, nothing is certain. There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy. […]

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By Michael O’Connor, theislandinvestor.com

When it comes to investing, nothing is certain.

There are no perfect stocks to buy because there’s no way of predicting the future with 100% accuracy.

The truth is, investing is hard, and building a portfolio of top stocks that beat the market is something that even financial professionals have trouble doing consistently.

For most people, investing in index funds is the perfect hands-off approach, providing broad exposure to the stock market at a very low fee. Even my own personal portfolio is made up of roughly 70% ETFs despite the fact I invest in the market for a living.

But I believe some stock picking is a good strategy for many hands-on people.

Taking a small portion of your overall portfolio and diligently selecting a small number of companies to invest in gives you an opportunity to learn about the investing process and fully understand the businesses you are investing in, which helps to build conviction in your positions.

From a psychological standpoint “collector’s instinct” kicks in, enabling people to participate and invest more money over time.

Lastly, for Irish investors, there are tax benefits to consider. If you invest in individual stocks, you are taxed at the CGT rate of 33%, and the first €1,270 of your gains are exempt from CGT each year. When investing in index funds or ETFs, you are taxed at the exit tax rate of 41% with no annual exemption.

For those interested in picking individual stocks, here are five questions you should ask yourself before investing in any company.

Do I understand the business?

Too many people invest in businesses they don’t understand because it ‘sounds good’. If you have no idea how the company works, you won’t have the conviction needed to hold onto the stock when an inevitable downturn comes.

Can the balance sheet withstand severe, temporary adversity?

This seems obvious, but so many people invest in companies without understanding how much money a company holds and who they owe money to. Economic cycles are guaranteed. You must ensure that the company has enough cash-on-hand to avoid becoming obsolete when activity slows.

Will the company benefit from long-term trends?

Make sure the company will remain relevant into the future. If the stock is cheap now, it may be cheap for a reason.

Is the company enjoying profitable growth?

Not growth at all costs, but a combination of sustainable growth and value. All this information can be found online at sites like stratosphere.io.

What are the risk factors?

Is the company trying something new and untested? If yes, who are its competitors and how successful are they? If other players are more established, this company may have a tough time breaking into the market.

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