Last year Paul Moore won IBYE’s ‘Best Start Up Business’ category from LEO Cork City, with his business Rebel Chilli, winning an investment of €15,000.
Rebel Chilli produces sauces that are totally unique, with each bottle bursting with fantastic flavour and real heat!
We spoke to Paul about his IBYE experience and here’s what he told us…
“The experience of participating in the IBYE competition helped both myself and the business in a number of different ways. It allowed me to interact with so many other people who, although from different businesses, had the same mind set as myself. It really expanded my network, and I am in regular contact with many of them still today.
“It also helped in terms of building the profile of the business as Rebel Chilli received a lot of exposure and attention throughout the competition. As well as this, the funds I received allowed me to drive specific areas of the business, specifically, taking on my first employee and expanding the range of products we offer.”
If like Paul, you have a start-up business, IBYE’s ‘Best Start-Up Business’ category could be the one for you.
A start-up business for IBYE is a business which has started trading (i.e.is generating revenue from sales.) and is less than 18 months in existence.
APPLY ONLINE before Friday, September 29th.
Paul Moore from Rebel Chilli walked away with the title of Best Start Up Business from the Local Enterprise Office Cork City, and is now gearing up for the IBYE Regional Final this Thursday. We chatted to him to find out how IBYE has benefited him so far…
Why did you enter IBYE?
I entered IBYE for two reasons. The first was for the chance to win some funds to propel the business even further, as well as the exposure that comes with being in the competition. The second was to compete against the best young entrepreneurs in the country to see how I compare, to meet and chat with them, and to share experiences. We all have very different businesses, but we share the same problems.
What is the biggest thing you’ve learned from your IBYE experience?
The biggest thing I’ve learned is that it is so valuable and worthwhile to meet with your peers and to discuss each other’s businesses. This way, you see how people overcame problems and issues, and how you could apply this to your own business. Entrepreneurship can be quite isolating, so it’s good to have a good network of people that you can talk to.
How do you plan to use the investment you won?
Ideally, I will use the investment to hire someone part-time, with a view to making them full-time. I need to fully pin down the job description and responsibilities before advertising! Other than that, there are a lot of trade shows and events that can be quite expensive to attend, so I will use the funds to book into some of these. Also, the money will allow us to bulk buy raw materials, which will reduce the burden on the business.
Any advice to other young entrepreneurs?
Talk and talk and talk to other entrepreneurs if you have an idea or are just looking for advice. You will learn so much for free. I’m always willing to talk to anyone, and I know the other participants are the same. Also, if you have an idea and want to give it a go, do it. The worst thing that will happen is it doesn’t work out, but at least you tried.