“Back yourself always and become an expert in explaining what your business does in the clearest and simplest terms.”

DC 141217 IBYE 01

Joe Perrott won IBYE’s Best Business Idea from the Local Enterprise Office Cork City and received €7,000 for his company, Remote Signals. He also walked away with the title of ‘Best Young Entrepreneur’ for Cork City. We chatted to Joe ahead of the IBYE Regional Final about his experience…

Why did you enter IBYE?
When any start-up business gets a chance to enter a competition, I’ve always thought it to be a great opportunity to talk about your business outside your own circle of co-workers, friends and family. The IBYE competition enables that as you’re in the company of amazing young entrepreneurs with like minded ambitions for their own business. Everyone wants to promote their own business and the energy and passion they display for their start-up, pushes you to up your game.
The IBYE competition gets nationwide coverage, and this is great for any young business to promote to a large audience. The timing of the event is great for Remote Signals as we are launching or products in the coming weeks.

What is the biggest thing you’ve learned from your IBYE experience?
Honing in on the correct message. At the Cork LEO’s Boot camp, over the course of a weekend in November I explained my business to anyone that asked. I actually left that weekend annoyed with myself as I was not able to articulate the business quickly and easily to everyone. I got it right at times, but on reflection of the weekend I was not happy. The IBYE boot camp weekend helped focus on correcting that in following weeks.

How do you plan to use the investment you won?
We are launching Remote Signals in the coming weeks and this money will help with the activities around the launch. We are working on some nationwide projects that will help us show the capabilities of our IoT platform to business and interested parties. The investment will help fund the roll out of those projects.

Any advice to other young entrepreneurs?
Back yourself always and become an expert in explaining what your business does in the clearest and simplest terms. I often say that the messaging is harder that the product you are developing. The ability to articulate why your started your business, where you see it going, as well as telling your own story is the foundations of getting buy in from employees, customers, investors, friends and family.

 

Advertisements

“It was such an amazing opportunity and I met so many like minded entrepreneurs along the way”

Cliona Sweeney O’Sullivan is the winner of IBYE’s Best Established Business from the Local Enterprise Office South Cork in this year’s competition, and received €15,000 for her company Beautique.

DC 141217 IBYE 15

Cliona is multi award winning master educator, beautician and session nail stylist. With over 18 years experience in the beauty industry, Cliona decided to establish Beautique just over four years ago, starting with a dedicated beauty training academy.  Within a few months Cliona went on to open a nail bar in Kopper Hair, Glanmire. In November of 2017, Cliona expanded her business into Cork City.

Cliona tells us how Ireland’s Best Young Entrepreneur has help her business ahead of the regional final on January 15th.

“In November of 2017 we expanded our businesses into the city. Sabrina Hill opened Kopper on Half Moon Street, the largest Hair salon in Cork and I opened Beautique Beauty which hosts 4 treatment rooms and 2 nail bars within the hair salon. Before expanding I was working closely with my Local Enterprise Office who encouraged me to go for IBYE. It was such an amazing opportunity and I met so many like minded entrepreneurs along the way.

I never actually expected to go on to win, I was just so glad of the experience and confidence I gained, especially when it came to devising business plans and projections. The prize money will help so much to further develop my business and I encourage anybody starting out to go for it, you have everything to gain and nothing to lose.”

 

Cliona will now progress to the IBYE regional final which takes place on January 15th.

 

 

“When starting an entrepreneurial journey it is important to take all the help you can get”

DC 141217 IBYE 11

James Gale won IBYE’s Best Start-Up Business from the Local Enterprise Office Cork North and West and received €15,000 investment in his company, Stampowl. He also walked away with the title of ‘Best Young Entrepreneur’ for the Cork North and West region. We chatted to James ahead of the IBYE Regional Final about his experience…

Why did you enter IBYE?

IBYE seemed like a fantastic opportunity to network with other young aspiring entrepreneurs. It seemed like a great opportunity to build a relationship with my Local Enterprise Office. When starting an entrepreneurial journey it is important to take all the help you can get, whether it be the fantastic mentorship and support offered by the LEO’s or the encouragement and feedback offered by fellow participants. Ireland’s Best Young Entrepreneur Competition is more than just a competition, it is an opportunity for young entrepreneurs to broaden their horizons and develop businesses that will go on to improve the lives of many people.

What is the biggest thing you’ve learned from your IBYE experience?

Throughout the IBYE competition I have learnt that failure is a necessary step along the road to success. Failure is in fact pivoting. If something doesn’t work learn from it and take a different approach. If you pivot enough sooner or later you will succeed. Talk to your customers, find out what aspects of your product they like and what aspects they don’t like. Incorporate this feedback into the heart of your business. “Fail forward, Fail Fast”.

How do you plan to use the investment you won?

This investment will help accelerate our growth. We plan to invest a considerable amount into marketing to help us grow our user base at a controlled rate. We will also invest directly into innovating our system. We plan to outsource a couple of aspects of development so we can concentrate our resources on acquiring new customers and building the business.

Any advice to other young entrepreneurs?

You are the captain of your own life. I left secondary school with the goal to start a business but I really had no idea how to go about doing it. Find a problem that really annoys you and develop a solution to combat it. If you want something in life, go get it! You are only limited by your imagination. We have fantastic resources in Ireland for aspiring entrepreneurs, accept the help that is offered! Take every opportunity that comes your way and never give up on your dreams!

“Being able to spend time around like-minded people and to have the opportunity to expand my business network has been a real bonus”

Conor Lyden of Trustap is the winner of LEO South Cork’s Best Start-Up Business in this year’s IBYE competition.

DC 141217 IBYE 18

Trustap is a transaction platform that acts as a safety net for customers when they want to buy or sell anything online. Specifically designed to combat scams and fraud in transactions between two strangers, Trustap works like a personal escrow account. In each transaction, the funds are held during the delivery process, then once the item has been delivered and the buyer is satisfied or the 24-hour complaints period has elapsed, the funds are released to the seller.

We asked Conor how the IBYE process has helped him so far and here’s what he told us…

“So far, the whole IBYE experience has been thoroughly enjoyable, but also extremely beneficial, to both myself and my business. Aside from the obvious perks of the funding, the mentorship and all the business advice, I found that the process has really helped to raise the profile of my company and to have won a local IBYE award also serves as validation that the business is really progressing.

Being able to spend time around like-minded people and to have the opportunity to expand my business network has been a real bonus too and will no doubt be helpful in the years to come.”

Conor will now progress to the IBYE regional final which takes place on January 15th.