Pundit Arena’s Richard Barrett’s IBYE story started back in 2014 when he was named LEO South Cork’s South Cork Entrepreneur of The Year. He had the opportunity to enter this year’s competition in a new category, and walked away with the title of Best Established Business. We chatted to him about his evolving IBYE story…
Why did you enter IBYE?
Back in 2014, I was lucky enough to be crowned South Cork Entrepreneur of The Year. This accolade and the prize fund that came with it changed my business. It enabled us to hire our first ever full-time employee and I’m delighted that he is still an important member of the Pundit Arena team today.
IBYE has always had a positive influence on Pundit Arena and when the opportunity came up to enter IBYE again in a new category, I wanted to challenge myself to see how far we had come in two short years. Thankfully, we were successful and it was a great recognition of our work.
IBYE is a life-changing experience and one that has aided Pundit Arena’s expansion massively.
What is the biggest thing you’ve learned from your IBYE experience?
I have earned a huge amount from my experience with IBYE but the one aspect of it that stands out the most is the access to a network of like-minded individuals. The bootcamp weekend enabled me to share the highs and lows of the startup world with my peers, many of whom were going through a lot of the same stuff that I had encountered.
As the saying goes; if you want to go fast, go alone. If you want to go far, go with others.
How do you plan to use the investment you won?
We are using the investment fund to increase our sales force in order to generate higher revenues. We have already hired the person tasked with that part of the business and we’re really excited about the impact he will have on Pundit Arena in 2017 and beyond.
Any advice to other young entrepreneurs?
I have learned a lot over the last three and a half years, but the one commonality between all successful entrepreneurs is perseverance. There will be ups and downs, there will be dark days, but it’s important to just keep working hard throughout every storm. Don’t sweat the small things, just focus on the vision and keep on going. You’ll get there eventually.