New Frontiers programme https://www.newfrontiers.ie An Enterprise Ireland programme Fri, 28 Feb 2020 10:43:40 +0000 en-GB hourly 1 https://wordpress.org/?v=5.3.2 Enterprise Ireland’s Action Plan For Women In Business https://www.newfrontiers.ie/blog/enterprise-ireland-action-plan-for-women-in-business-diversity Fri, 28 Feb 2020 10:22:59 +0000 https://www.newfrontiers.ie/?p=15350 The post Enterprise Ireland’s Action Plan For Women In Business appeared first on New Frontiers programme.

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Enterprise Ireland’s Action Plan For Women In Business targets diversity - New Frontiers programme

Enterprise Ireland has launched the Action Plan For Women In Business, an ambitious and wide-reaching strategy to achieve greater representation of women in business and, particularly, in business leadership across Ireland. We spoke to Sheelagh Daly at Enterprise Ireland to find out more.

Numerous studies prove that having women in executive positions and on boards leads to better outcomes for organisations – with better financial performance and higher employee engagement. Putting women in decision-making roles improves all kinds of business metrics, but we are still not seeing gender parity in business.

An ongoing commitment to gender balance

Focusing on gender balance in business is not new for Enterprise Ireland. There have been a number of initiatives over the past years aimed at improving the ratio, such as Going For Growth or female-only Competitive Start Fund (CSF) calls. The success of these is evident, with Enterprise Ireland investing in three times more women-led companies in 2019 compared to 2011.

Looking forward, it was clear that as the national agency for economic development, Enterprise Ireland had an important role to play in improving diversity in business. CEO Julie Sinnamon asked the agency to put together a plan.

“Harnessing the full talent and expertise of our diverse population will result in better businesses and faster economic growth. Unleashing the creativity and skills of more women represents an unparalleled opportunity for fuelling economic growth in Ireland.”

Julie Sinnamon – CEO, Enterprise Ireland

The plan has been piloted by Sheelagh Daly, Entrepreneurship Manager at Enterprise Ireland. She spent a year putting together the strategy and identifying the first 24 actions for 2020. She started by asking four key questions about the lack of female participation in enterprise: What are the reasons? What are the barriers? What needs to change? What additional supports are required?

“Women in leadership roles means increased profits, improved productivity, better returns on assets, and overall superior performance. We want companies making smart decisions about the senior management team that will help them be the best they can be.”

Sheelagh Daly – Entrepreneurship Manager, Enterprise Ireland

An evolving plan with multiple themes

Action Plan For Women In Business

Research demonstrates that – in general – women take a different approach to business, so the plan includes a commitment to working on a one-to-one basis with women as well as addressing systemic barriers that women tend to face. An excellent example of concrete action is a new grant for Enterprise Ireland clients that offer part-time leadership roles. While a grant already exists for full-time roles, this new funding reflects the reality that many women ready to take on such responsibilities may need more flexibility.

The scope of the plan is broad and in addition to the horizontal focus across Enterprise Ireland activities, we will see initiatives developed in partnership with other agencies, stakeholders, the private sector, and government departments. Input into policy development is likely to be significant as the plan evolves.

But if you were thinking this strategy is just about startups, think again! Research and development, education, mentoring, investment and venture capital, networking, leadership development, showcasing successful businesswomen, and bringing experienced female leaders back to work are all going to be a feature of the Women in Business plan.

“People with more senior management experience in their industry are more likely to spot opportunities for innovative new businesses, plus the beliefs and skills to go ahead with the idea. These people are also more likely to have the all-important network of connections that will make things happen in the business.”

Sheelagh Daly – Entrepreneurship Manager, Enterprise Ireland

The objectives of the Women in Business plan

In total, the plan comprises four main objectives, each with six associated actions that Enterprise Ireland has committed to starting in 2020.

Objective 1: Increase the number of women-led established companies growing internationally

  1. Drive the Women in Business action plan in each division of Enterprise Ireland
  2. Engage with financial institutions to deliver a finance and funding landscape that is accessible and inclusive
  3. Develop a #GlobalAmbition campaign featuring Women in Business leaders and initiatives
  4. Offer increased one-to-one engagement to women-led companies to effectively support growth ambitions and expansion into new global markets
  5. Ensure all Enterprise Ireland programmes and supports are designed to maximise participation by women
  6. Explore proposals for new finance offers to support scaling for women-led established companies

Objective 2: Increase the number of women in middle and senior management and leadership roles

  1. Introduce a new grant for Enterprise Ireland-supported companies to facilitate the recruitment of part-time senior managers
  2. Promote the benefits of diversity to enterprise and provide funding support for diversity planning to Enterprise Ireland-supported companies
  3. Work with external stakeholders to influence national policies to address identified barriers to women’s participation in enterprise
  4. Work with key stakeholders to facilitate Irish companies to improve gender diversity on their boards
  5. Target women managers in Enterprise Ireland-supported companies and within Enterprise Ireland for participation on leadership development programmes
  6. Promote a focus on diversity in the development of skills and talent for Irish enterprise through the National Skills Fora and within Enterprise Ireland

Objective 3: Increase the number of women becoming entrepreneurs

  1. Partner with key stakeholders to drive better access to finance and funding for women at all stages on their enterprise journey
  2. Collaborate with the Local Enterprise Offices to develop and grow female entrepreneurship in every county
  3. Target more women to become founders, mentors, and investors
  4. Ensure enterprise and entrepreneurship policy is aligned with the objectives of the Enterprise Ireland Women in Business plan
  5. Develop, support, and promote a national network of role models to interact with and inspire future entrepreneurs
  6. Promote a focus on women in business in the actions and funding of Regional Enterprise Plans

Objective 4: Increase the number of women-led start-ups with high growth potential

  1. Appoint a dedicated team in Enterprise Ireland to develop and drive initiatives directed at female founders
  2. Issue a series of funding calls targeting women entrepreneurs, and women researchers from third level institutions
  3. Pilot an initiative to include women leaders/senior managers in project teams spinning out from third level institutions
  4. Explore the potential to establish a women-focused seed investment group with key finance industry stakeholders
  5. Roll out national and regional communications campaigns showcasing women entrepreneurs
  6. Offer increased one-to-one engagement to women-led HPSUs and support female founders through mentoring with experienced entrepreneurs who have scaled their businesses

The Women in Business plan addresses a broad range of factors contributing to the underrepresentation of women in enterprise and will help to initiate sustainable and enduring change in the Irish economy. If you’d like to know more, you can download the action plan brochure, visit the Enterprise Ireland website, or talk to your Enterprise Ireland/Local Enterprise Office advisor.

About the author

scarlet-merrill

Scarlet Merrill

Scarlet Merrill is Editor of the New Frontiers website and founder of her own startup, Engage Content Marketing. She is an expert in designing and executing content strategies and passionate about helping businesses to develop a quality online presence… [Read Scarlet’s profile]

Other articles from the New Frontiers blog

Top tips for dealing with late-paying clients

Leaders can help employees achieve their New Year’s resolutions

The big business trends to watch out for in 2020

Coworking space vs the traditional office – which will you choose?

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Sonia Neary’s (Wellola) insights into equity crowdfunding https://www.newfrontiers.ie/blog/sonia-neary-wellola-equity-crowdfunding Thu, 27 Feb 2020 10:34:55 +0000 https://www.newfrontiers.ie/?p=15366 [Video] Wellola closed a successful equity crowdfunding round of around €180,000 in 2019. CEO Sonia Neary was interviewed about why she decided to go with equity crowdfunding when raising funds for her business, what the process was like, and how the company has grown since the campaign ended.

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[Video] Wellola closed a successful equity crowdfunding round of around €180,000 in 2019. CEO Sonia Neary was interviewed about why she decided to go with equity crowdfunding when raising funds for her business, what the process was like, and how the company has grown since the campaign ended.

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Top tips for dealing with late-paying clients https://www.newfrontiers.ie/blog/top-tips-for-dealing-with-late-paying-clients Tue, 18 Feb 2020 17:40:34 +0000 https://www.newfrontiers.ie/?p=15335 The post Top tips for dealing with late-paying clients appeared first on New Frontiers programme.

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Top tips for dealing with late-paying clients - New Frontiers programme

We’re not pointing any fingers, but you know who we’re talking about! When it comes to late-paying clients, there are always a few stragglers. Although it’s not personal and usually just an indicator of clunky business processes, if you’re a small business trying to grow it is hard to be sympathetic. However, if most of your late-paying clients happen to also be your biggest clients, then your problem is a bit more of a challenge.

According to ISME, the Irish SME Association, 55% of companies experience payment delays of two months or more (Q2, 2019). CEO Neil McDonnell points out that:

“Smaller businesses do not have working capital to wait for payment as long as big businesses. 36% of multinationals are taking longer to make their payments, showing a total disregard for SMEs.”

It all comes down to big companies wanting to have as much ready cash available to them as possible, but this can turn into a serious problem for SMEs in the long run.

Although no healthy business should be reliant on any one client, this worrying trend of late payments can be detrimental to a small business if not managed correctly. That’s why in this blog we’re going tackle the credit control challenge head on.

Should you be giving credit at all?

Providing credit is not uncommon in business, but it is not the rule and you are not obliged to offer it. If you’re a small business ticking over with only a handful of clients and you can’t afford to give credit, then perhaps you shouldn’t. In the creative industries and for freelancers, payment on delivery is the most common payment term. For larger or longer projects, it’s typical to pay half upfront, or even staged payments throughout the life of the project. Maybe your business could adopt a similar model? Take a close look at your current cash flow situation and determine what kind of figure you should be starting the month with. If getting to that figure requires bringing those invoice deadlines closer, then don’t be afraid to put your foot down. Remember, it’s your business and you make rules, not your debtors.

Set clear terms before you start

When a new project or contract comes through the door, it’s tempting to show how keen you are for the business and dive in as soon as possible. But not setting clear boundaries from the outset can be something you come to regret. If you do need to offer credit, then agree in advance what that will be and get it in writing. Ideally, this will already be laid out in your Terms and Conditions, but even so it’s worth drawing the new client’s attention to what these are. If you don’t have Ts & Cs already, or if you want this client to stick to different payment terms, make sure to get this agreed in writing beforehand including a) at what point(s) you will invoice, and b) how many days they will have to pay. If they subsequently don’t stick to these terms, you can start chasing straight away and draw their attention to the agreed terms.

Offer an early-payment discount

As with everything in business, you are dealing with human beings, which means that incentives and motivational tactics can work a treat – especially when it comes to saving money! You don’t necessarily have to offer this to all your clients, but you can pick a select few who you think would be open to the idea. You can offer them a discount for paying within, say, 10 days if that is helpful to your cash flow situation. The only drawback with this strategy is that payments may still be unpredictable. It is up to your client whether they take you up on your offer, and even if they do you won’t be sure exactly when they’ll pay.

Penalise those naughty late payers

Did you know that you are entitled by law to charge interest on late payments? It doesn’t just apply to your Irish customers, as this is a European Union regulation. The majority of businesses don’t do this, perhaps because they don’t know they can, don’t want to rock the boat, or think it isn’t worth the hassle. But you can do this for any commercial transaction and you don’t even need to send a reminder first; you can start charging as soon as the invoice is overdue. The Late Payment Interest rate is currently 8%. This means that if a client was a month late paying a bill of €2,000 + VAT, you’d be able to charge them €16.13 in interest. You can use this online interest calculator to work out what you are due.

In addition, you are automatically entitled to “compensation for recovery costs” without needing to provide evidence of having incurred recovery costs or issuing a reminder. This is a flat fee entitlement. If you had a particularly tricky situation and had to hire a solicitor or debt collection agency, this would obviously be a whole different situation. The automatic compensation you are entitled to under the regulation is:

  • Up to €1,000: €40
  • €1000 – €10,000: €70
  • Over €10,000: €100

Automate the credit control process

These days, there is a software solution to alleviate any business ailment. If you’re tired of payments dribbling past the finish line like the world’s slowest snail race, the time has probably come for more proactive credit control. There are lots of fintech solutions for debt management out there that make it easy to chase late payers. Some examples are Chaser and Fluidly.  With Chaser, you simply connect with your Sage, Xero, or QuickBooks account and set up auto-reminders so that your clients are prompted when their invoice is past due. Solutions like this allow you to personalise these prompts so that your business brand is kept intact. You can also control who gets reminders and how often, and even escalate the reminders to get more serious the longer the debt is outstanding – for instance by changing the recipient and sender of the reminder to more senior counterparts in your respective businesses.

Leverage outstanding bills with invoice financing

A 60- or 90-day credit window can become too much to bear for some small businesses. It’s a situation many businesses try to suffer through but there are ways to get around this problem if chasing your clients isn’t enough. If existing credit terms are now proving challenging for your company’s cash flow, you could look into invoice financing. Invoice financing is a finance facility that allows businesses to borrow money against outstanding customer invoices. Typically, you’ll receive a large portion of the funds immediately and when your client settles the invoice, you’ll receive the rest (minus a fee for the service, of course). This isn’t an ideal scenario in the long-term, but it can get you through a challenging period.

As you can see, there are many ways to manage late-paying clients. The key is to find the solution that works best for your type of business as well as your clients. It can be uncomfortable talking about this issue with clients, but never forget that you deserve to be paid for your hard work. Asking for what you are due is a fair and reasonable thing to do!

About the author

scarlet-merrill

Scarlet Merrill

Scarlet Merrill is Editor of the New Frontiers website and founder of her own startup, Engage Content Marketing. She is an expert in designing and executing content strategies and passionate about helping businesses to develop a quality online presence… [Read Scarlet’s profile]

Other articles from the New Frontiers blog

Leaders can help employees achieve their New Year’s resolutions

The big business trends to watch out for in 2020

Coworking space vs the traditional office – which will you choose?

5 tips for recruiting a stellar first hire for your startup!

The post Top tips for dealing with late-paying clients appeared first on New Frontiers programme.

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Subsninja takes hassle out of admin for small clubs https://www.newfrontiers.ie/blog/subsninja-takes-hassle-out-of-admin-for-small-clubs Tue, 18 Feb 2020 15:05:55 +0000 https://www.newfrontiers.ie/?p=15333 Jer Ryan's software makes it easy for clubs to manage records, subs and GDPR compliance. Find out about his startup, Subsninja, on irishtimes.com.

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Jer Ryan’s software makes it easy for clubs to manage records, subs and GDPR compliance. Find out about his startup, Subsninja, on irishtimes.com.

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Leaders can help employees achieve their New Year’s resolutions https://www.newfrontiers.ie/blog/leaders-can-help-employees-achieve-their-new-years-resolutions Mon, 20 Jan 2020 14:50:02 +0000 https://www.newfrontiers.ie/?p=15326 The post Leaders can help employees achieve their New Year’s resolutions appeared first on New Frontiers programme.

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Leaders can help employees achieve their New Year’s resolutions - new frontiers

When the new year rolls around, what kind of person are you? Do you roll your eyes at your peers’ overly ambitious attempts to abolish decades of deeply entrenched habits in the hope of metamorphosing into a new, glossier, 2.0 version of themselves? Or do you cheer them on while dusting yourself off from the overindulgence of the previous month and get busy picking your own shiny goals to hurtle towards?

Whichever person you are, there are a few statistics we’d like to share with you because we think they’ll bring a bit of perspective to the setting of New Year’s resolutions and how you can make them more than just a passing fad at the beginning of the year.

What the data says about New Year’s resolutions

Strava conducted a survey studying over 31.5 million online global activities with regard to the setting and keeping of New Year’s resolutions. Their findings were grim:

  • 80% of people fail to keep their New Year’s resolutions
  • The 12th January is the date people are most likely to give up on their resolutions
  • The main reasons for failure are a lack of motivation and unrealistic expectations

Now, you could look at those statistics and take them as the evidence you’ve been keenly waiting for never to set a New Year’s resolution again! But business leaders are all about the challenge, so we’re going to guess that you’ve zeroed in on the obvious obstacles here and are already thinking up ways that this problem can be solved. That’s what we’ve been doing, and we think the solution is to bring New Year’s resolutions into the workplace!

Introducing New Year’s Resolutions to the workplace

Ask for feedback from your team

Creating a partnership between work and personal goals could seem daunting at first. You might be wondering whether your team appreciates this new-fangled project of yours or considerate it a hindrance. The best way to find out the answer to that question is to ask. Bord Bia research found that 70% of Irish people would appreciate help with maintaining a healthy diet and less than one-third of us get the correct amount of exercise because we cannot find the time.

How to help your employees achieve their resolutions

There are many ways you can go about helping your team achieve their goals. The methods you pick will be based on what will suit your company best. You could decide to add a few additional activities to the workweek, or you could make smaller but equally effective tweaks to the workday. Alternatively, you could design a whole employee wellness programme!

Deciding which route you’ll take will involve taking some time to think about your budget, assessing how many people you expect to get involved, finding out what their New Year’s resolutions were and determining what kind of activities would benefit them best. Then map out how you imagine these activities will realistically coincide with job tasks and decide who will be in charge of making it all happen. If that sounds like far too much work, don’t worry; no matter how small or comprehensive your approach, we have a few ideas to get you started!

Great resolution ideas you can support all year long

Let’s dive into some ideas for how you can support your team in reaching their goals – not just in January, but all year long!

Diet

  • Ditch those pastries packed with saturated fat in meetings and instead think strawberries! Popcorn! Whole-grain sandwiches with low-fat fillings! Parfaits!
  • Combine healthy eating and team building by organising activities such as “Come Dine With Me” style lunches, food tastings, cookery classes and smooth- making competitions.
  • Request an employee discount from your local health-conscious eatery.

Spend more time with friends and family

  • Remote working puts an end to wasted hours spent commuting so your employees can spend more time with the people they love.
  • Offer an automatic day off for three important family events that occur annually.
  • Trial a four-day workweek. New Zealand company Perpetual Guardian reported a 20% increase in productivity when they did it and Pursuit Marketing in Glasgow enjoyed a 30% increase!

Exercise

  • Incentivise walk-to-work and/or cycle schemes.
  • Set up company sports teams and organise a gym buddy system to get peer pressure working in everyone’s favour!
  • Create a calendar for local fitness events, such as marathons for charity, and encourage people to sign up.

Quit smoking

  • Establish a tobacco-free workplace.
  • Include quit smoking programmes in your wellness initiative with one-to-one coaching or, if your budget can’t stretch to that, make external resources easily available for them.
  • Consider ways you can help employees through the withdrawal period, i.e. exercise regimes, improving diet, stress management.

Read more

  • Hold a monthly book club that people can either participate in after work or during the lunch break.
  • Include a book recommendation in the company newsletter.
  • Invite local authors to speak at your company.

Drink less alcohol

  • Organise alternatives to ‘after-work drinks’ such as movie nights, bowling, going to exhibitions, volunteering, sports training, attending a class, seeking out drink-free events, etc.
  • With your team’s help, set alcohol-free days to reduce the chance of hitting the pub at 5 pm on particularly tempting evenings.

None of these ideas are earth-shattering, but that’s precisely the point! Small changes that are simple to implement and easy to take up are most likely to be successful. If all goes to plan, not only will you have a happier, healthier team by the end of 2020, but you’ll have simultaneously increased job satisfaction and productivity.

About the author

scarlet-merrill

Scarlet Merrill

Scarlet Merrill is Editor of the New Frontiers website and founder of her own startup, Engage Content Marketing. She is an expert in designing and executing content strategies and passionate about helping businesses to develop a quality online presence… [Read Scarlet’s profile]

Other articles from the New Frontiers blog

The big business trends to watch out for in 2020

Coworking space vs the traditional office – which will you choose?

5 tips for recruiting a stellar first hire for your startup!

Listen to your market and always be ready to pivot your idea

The post Leaders can help employees achieve their New Year’s resolutions appeared first on New Frontiers programme.

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TeachKloud closes €750,000 funding round https://www.newfrontiers.ie/blog/teachkloud-closes-e750000-funding-round Mon, 20 Jan 2020 11:44:11 +0000 https://www.newfrontiers.ie/?p=15323 TeachKloud, founded by Wendy Oke, is looking to raise up to €4 million more after closing a €750,000 funding round. The startup has developed a platform for early childcare providers and has found investment from the likes of Frontline Ventures and Enterprise Ireland. Read more in articles from siliconrepublic.com and irishtimes.com.

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TeachKloud, founded by Wendy Oke, is looking to raise up to €4 million more after closing a €750,000 funding round. The startup has developed a platform for early childcare providers and has found investment from the likes of Frontline Ventures and Enterprise Ireland. Read more in articles from siliconrepublic.com and irishtimes.com.

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Saving millions by preventing missed health appointments https://www.newfrontiers.ie/blog/saving-millions-by-preventing-missed-health-appointments Sun, 19 Jan 2020 11:36:59 +0000 https://www.newfrontiers.ie/?p=15321 Sonia Neary, New Frontiers alumna and co-founder of Wellola, has developed a practice management and patient portal designed to bring medical facility communications into the 21st century. She was interviewed by irishexaminer.com.

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Sonia Neary, New Frontiers alumna and co-founder of Wellola, has developed a practice management and patient portal designed to bring medical facility communications into the 21st century. She was interviewed by irishexaminer.com.

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Seed Golf is teeing up to change the game https://www.newfrontiers.ie/blog/seed-golf-is-teeing-up-to-change-the-game Mon, 06 Jan 2020 11:15:41 +0000 https://www.newfrontiers.ie/?p=15292 Dean Klatt, founder and CEO of Seed Golf, is interviewed on siliconrepublic.com about his startup journey and his 2020 plans to launch in the US market.

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Dean Klatt, founder and CEO of Seed Golf, is interviewed on siliconrepublic.com about his startup journey and his 2020 plans to launch in the US market.

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The big business trends to watch out for in 2020 https://www.newfrontiers.ie/blog/big-business-trends-to-watch-out-for-in-2020 Mon, 30 Dec 2019 11:21:29 +0000 https://www.newfrontiers.ie/?p=15294 The post The big business trends to watch out for in 2020 appeared first on New Frontiers programme.

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Big business trends to watch out for in 2020 - New Frontiers Programme -Enterprise Ireland

2020 is upon us and we STILL don’t have flying cars. It’s a disappointing realisation that we are entering yet another futuristic-sounding year without even one DeLorean to have taken to the skies. Alas, we’ll have to curb our expectations for now and be content with cars simply driving themselves. Joking aside, 2020 is looking to be a very interesting year for business with great advancements and transformations happening in technology, the workplace, customer relationships, and more.

If you’re craving some sharp insights into what kind of year 2020 is shaping up to be, then look no further! We’re going to share with you 4 business predictions we’re putting our bets on for 2020.

Our top 4 business predictions for 2020

Irish businesses will need to get 5G ready

True, we didn’t need to check a crystal ball for this one! The fifth generation of cellular networking is here, but how exactly will it impact your business? This wireless technology is estimated to be at least 10 times faster than 4G, which means faster communication, faster business processes, and faster results for your clients. Currently, the average time it takes data to upload from a device is 50ms with a 4G network, but with 5G it will take just 1ms.

However, we’re not claiming 5G will be in every single household by the end of 2020. After all, there are still houses in rural areas stuck on 3G. But according to Intel, the rollout will be in full swing in 2020 so they advise businesses to get ready:

“For 5G to become a reality, businesses need to replace fixed-function equipment with virtualised software-defined networks. Switching to the cloud will be vital as 5G relies so heavily on virtualisation.”

Customer Experience will benefit from automation

Customer Experience, or CX, has been a hot topic for a few years, but until now businesses have been struggling to know how to implement it as practical business processes. With increasing accessibility to high-quality automation tools, 2020 will be the year in which we see CX truly take off.

A great example of this is the strides being made with chatbots. The chatbots of 2020 won’t simply trot off a couple of generic messages and then hand the conversation over to a real customer service agent. Instead, chatbots will use intelligent voice messaging to tailor responses to the individual and automate payments in real time.

Customer expectations are increasing constantly as people get used to using more smart devices, such as virtual assistants, in their own home. With Qualtrics finding that 60% of businesses think the mobile experience they are providing is good but that only 22% of customers feel the same, it pays to bulldoze those blind spots, listen to customers’ needs, and invest in the technology you use to drive successful customer relationships in 2020.

Will your business take advantage of the growing remote working trend?

Remote working used to be something that employees who wanted more flexibility pushed for while management looked on sceptically, unsure of whether a divided labour force could really manage to be productive. How times have changed! According to FlexJobs, 75% of people work remotely because there are fewer distractions and 86% say it reduces stress, which all directly feeds into increased worker productivity. In 2020, the encouragement for remote working is coming from the top as employers reap the benefits of this cost-effective, timesaving, and fully customisable work structure.

There are many great reasons as to why remote working is gaining in popularity, but for Ireland specifically we would throw the combination of high rent prices in the capital and long commutes into the ring. On average, it takes commuters in Kildare and Meath one hour and nine minutes to get to work, which is equivalent to, if not quicker than, those taking public transport from Dublin’s suburbs. The Luas and Dart have become notorious for congestion, which not only increases travel time but makes getting to work a very stressful and exhausting experience. Therefore, if not just for productivity then for employee health and happiness, remote working could be a great trend to jump on in 2020.

Gen Z will enter the workforce

They’re coming and they’re going to make up 20% of the workforce in 2020, but what does that mean for your business? This generation is composed of digital natives in the truest sense. Born between 1995 and 2010, they do not know a world without the internet. This puts them in a strong position entering the workforce as we are very much in need of their technology skills! However, to leverage their skills you’ll need to attract them and being a tech-first company is essential.

According to a study by Dell, 91% of Gen Z considers the technology offered by an employer to be a critical factor when choosing a job. Generation Z, or Centennials as they are also known, expect to not only exercise their skills but to continuously improve them. Therefore, it is in the business’s interest to provide these opportunities. Despite being glued to their screens, Gen Z appreciates authentic face-to-face conversations and shows a strong interest in being tech mentors, which can only be a good thing for other members of your intergenerational team!

Running an Irish startup in 2020 is going to be both challenging and rewarding. If you’re about to take the plunge and would like some extra support, why not consider a programme like New Frontiers?! We have locations around the country and start dates throughout the year. Take a look at what’s involved and register your interest today.

About the author

scarlet-merrill

Scarlet Merrill

Scarlet Merrill is Editor of the New Frontiers website and founder of her own startup, Engage Content Marketing. She is an expert in designing and executing content strategies and passionate about helping businesses to develop a quality online presence… [Read Scarlet’s profile]

Other articles from the New Frontiers blog

Coworking space vs the traditional office – which will you choose?

5 tips for recruiting a stellar first hire for your startup!

Listen to your market and always be ready to pivot your idea

Winners of Ireland’s Best Young Entrepreneur Awards (IBYE) announced

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Male skin care firm is well groomed for online success https://www.newfrontiers.ie/blog/mohecan-groomed-for-online-success Wed, 04 Dec 2019 10:35:43 +0000 https://www.newfrontiers.ie/?p=15113 New Frontiers alumna, Charlotte Matabaro, was featured with her business partner Marc Power talking about their startup Mohecan Male Grooming as it launches its Amazon store in time for Christmas. Read about them on irishexaminer.com.

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New Frontiers alumna, Charlotte Matabaro, was featured with her business partner Marc Power talking about their startup, Mohecan Male Grooming, as it launches its Amazon store in time for Christmas. Read about them on irishexaminer.com.

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