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UCC Commerce Conference January 2013

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Mike McGrath

The document outlines Ireland's path to economic recovery in 2013, with three main points: 1) Focus on job creation to reduce unemployment and stimulate healing, 2) Economic growth will follow as employment increases, 3) Once recovery is established, reduce budget deficits. It provides advice on startup businesses focusing on finding a business model over extensive planning, and highlights social enterprises as a means of job creation.

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Ireland 2013 Creating a Vision for Economic Recovery Mike McGrath 24.01.2013
Jobs! Jobs! Jobs! a) Get companies to start creating jobs again we need to bring down unemployment. Nothing is possible without that. b) This will lead to an economic healing and we can then rev up economic growth. c) Once the economic recovery is firmly planted, the administration can shift its strategy to bringing down the nation's record-high budget deficit. [US Treasury Secretary, Timothy Geithner]
1. Start-Up Business - Employ your friends [UCC President] - Start-Up is not a small version of a large company - Start-Up's Goal: Search for a Business Model - Don't waste time on a Business Plan
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What is supply.ie?
2. Purchasing
3. EU Opportunities
4. Social Enterprises - Social mission driven organisations which apply market- based strategies to achieve a social purpose. - 2 million social enterprises in the EU (representing 10 per cent of all European businesses) and they employ over 11 million people (the equivalent of 6 per cent of the working population of the EU - Creating a favourable climate for social enterprises, key stakeholders in the social economy and innovation [European Commission 2012]
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UCC Commerce Conference January 2013

  • 1. Ireland 2013 Creating a Vision for Economic Recovery Mike McGrath 24.01.2013
  • 2. Jobs! Jobs! Jobs! a) Get companies to start creating jobs again we need to bring down unemployment. Nothing is possible without that. b) This will lead to an economic healing and we can then rev up economic growth. c) Once the economic recovery is firmly planted, the administration can shift its strategy to bringing down the nation's record-high budget deficit. [US Treasury Secretary, Timothy Geithner]
  • 3. 1. Start-Up Business - Employ your friends [UCC President] - Start-Up is not a small version of a large company - Start-Up's Goal: Search for a Business Model - Don't waste time on a Business Plan
  • 8. 4. Social Enterprises - Social mission driven organisations which apply market- based strategies to achieve a social purpose. - 2 million social enterprises in the EU (representing 10 per cent of all European businesses) and they employ over 11 million people (the equivalent of 6 per cent of the working population of the EU - Creating a favourable climate for social enterprises, key stakeholders in the social economy and innovation [European Commission 2012]